35854 replies to this topic

[BlythZ]

Built up a nice cushion on all the "positive" sentiment ... I see 85% of IG clients with positions on TOP40 are short... 

I don't trust that sentiment on IG, if anything i think the opposite is true. Or 85% of people using IG are losing money 

[Dust]

Built up a nice cushion on all the "positive" sentiment ... I see 85% of IG clients with positions on TOP40 are short... 

Edited by Dust, 11 April 2017 - 05:16 PM.

[Mostlya]

We wonder when all those buyers are going to become potential sellers!!!

Respected Radio Talking heads  are claiming 14+1/2  ZAR / USD as tops for our currency weakening...

We presume a quick profit taking from that level...

 

Unless the Yanks lose confidence/ fall out of bed with bad earnings...

What are you thinking???

I'm thinking huge gap down tomorrow. Panic buying on the JSE in its purest form. Every dip bought no matter what else was going on around it.

[Halfday]

We wonder when all those buyers are going to become potential sellers!!!

Respected Radio Talking heads  are claiming 14+1/2  ZAR / USD as tops for our currency weakening...

We presume a quick profit taking from that level...

 

Unless the Yanks lose confidence/ fall out of bed with bad earnings...

What are you thinking???

[Ninja]

Margin calls... squeezes... grind higher...

Or is this new money taking her up?

[Mostlya]

I know it's truly amazing. Markets if nothing else are simply mesmerizing in their action sometimes. Didn't think we could get there but it hit the 23.6% fib when measuring from the ATH to the lows at the beginning of 2016. 47 366 to be exact. Those Fibs have all played a major part in the market action since that sell-off because of the double top. I'm not sure if anybody has access to such figures but I'd love to know if retail investors are getting in on this? Anybody have such information? Really to try work out if this is a case of distribution.

[Rulz3]

Really are we going up 1% today??

[Mostlya]

 

Other source of expense for me or main expense lol.

Lol. I know what you mean

[Mostlya]

 

Other source of expense for me or main expense lol.

Lol. I know what you mean

[Rulz3]

 
I'm sure the majority of people trading and reading this forum need to achieve a certain return in a specified period so my comments are definitely not applicable to them. For me this is my other source of income so I can afford to be stupid.

Other source of expense for me or main expense lol.

[Mostlya]

 

  

Thanks for the warning but I have the liquidity and I have nothing but time. It wouldn't be the first time I've had to get slapped around but a euphoric market for a while.

I'm sure the majority of people trading and reading this forum need to achieve a certain return in a specified period so my comments are definitely not applicable to them. For me this is my other source of income so I can afford to be stupid.

[Mostlya]

 

Be careful this ALSI is very stubborn 

 

Thanks for the warning but I have the liquidity and I have nothing but time. It wouldn't be the first time I've had to get slapped around but a euphoric market for a while.

[Mostlya]

Incredible that the JSE is up. Complete blind euphoria has taken over. It's setting itself up for a big crash now. It never ceases to amaze me how people can keep buying rubbish assets. Not just buying today but absolutely flying. Ignoring all risk-off indicators and just piling in. Holding very short for as long as it takes now.

[BlythZ]

Looks to be a decent down day. They're going to fight hard but everything is against bulls. 46 920 is the big level at the moment

Be careful this ALSI is very stubborn 

[Mostlya]

Looks to be a decent down day. They're going to fight hard but everything is against bulls. 46 920 is the big level at the moment

Auction tells a different story though. Amazing

[Mostlya]

Looks to be a decent down day. They're going to fight hard but everything is against bulls. 46 920 is the big level at the moment

[Mostlya]

Looks like it's broken the downtrend. It popped out for one day in the last 18 months. Not sure its going back in this time. Euphoria can go on indefinitely or so it would seem.

[Mostlya]

Copper and Yields starting to collapse. Perhaps todays move will end up representing a failed attempt to break the long-term downward channel. I count at least half a dozen attempts at it already. Unusual to have so many failures.

[Mostlya]

If the US earnings are bad this week and  with theTrump trade unwinding ,,,

nevermind what Yellen says later today,,,,,,

the S+P 500 will go down and take us all with it..

 

But if the results are good !!!  

This may be why our Top 40 is going sideways for now....

But yes you are right about the weakening ZAR giving the bears a lot of pain..

Wonder if Zuma and ANC will say that they are good for the market...

Look its going up!!!

Candyland for bulls here though. As soon as there is an equity weakness the Rand moves opposite to it. Reminds me of the JSE is years leading up to 2015. It was an unbreakable bull for many years.

 

I'm keeping my eye on Copper and bond yields. They are telling a very different story about the overall risk environment.