35854 replies to this topic

[bear catcher]

Looks like a green day. What was the china numbers ?

[Sunesis]

How long till the bubble bursts

 

Fundamentals are against stocks. 

not good for stocks, especially miners. China will bring the world down with it.

 

[Vertebrae]

For index tops some fear of inflation hit to margins arises to overpower other waning expectations.

Copper no good for lead indicator of commodities just now due to expectation of further China shadow banking collateral damges.

Commodities bidders too hungry to need reason soon to push other sectors downside.

Whatever, the top is a number of moons away with T40 futures @ 45000, only the precise route, like lost bone, to be sniffed out.

[RBM]

S, AgreeD

Also keep in mind buyers could disappear at the 42300 level and appear lower down around the 41800 levels for a short while

[RBM]

S, AgreeD

[AJS]

Kinda saying the same thing as S, this chart.

[Sunesis]

I must say we are greedy.

The whole day people have been buying every dip. I was short from last night and made money.

 

The FTSE and ALSI are data dependent now. China data will be key on the morning. Also keep a close eye on the Nikkei after the data.

 

Good data should be bought for a rally back the the highs. US Retail sales are just as important tomorrow.

 

Patient traders can wait for a short on a snap rally on good data. Bad Data from China and US tomorrow will start the big correction. Together with Russia stories, this will be the big correction. Gold is already going up, preparing for a stock market correction of 20% if China and US miss forecast. Gold buying means safe haven parking from some investors.

George Soros has already placed his short position.

 

Good data will only lead us to a double top. But this baby will correct big time soon. Gravity will take it's cause.

 

 

[davidp13]

I also think this can be very quick and very harsh and definitely unexpected.

my take on this...

[RBM]

Head and shoulder on hourly, first attempt to break down was recovered with a spike now we are in the second attempt, we could come out of this back to bulls but I think we will break down cause there is just too much of fear in this market with regards to the top...should we break down we could go back to the 41000 levels keeping in mind we went up too quickly in the last month, market has got to return back to equilibrium !!! thats my 10c

I also think this can be very quick and very harsh and definitely unexpected.

[RBM]

Head and shoulder on hourly, first attempt to break down was recovered with a spike now we are in the second attempt, we could come out of this back to bulls but I think we will break down cause there is just too much of fear in this market with regards to the top...should we break down we could go back to the 41000 levels keeping in mind we went up too quickly in the last month, market has got to return back to equilibrium !!! thats my 10c

[Beorn]

Jakes whats your offcial close at 5:30 per JSE futures?

i need these otherwise my calc for tomorrow will misleading

@5:30 the last trade was 42720
With some nice volumes in the last 90 min of trading.

The MTM price will be more like a 100 pips down from that though.
I wonder is the volumes at the end if trade will indicate n bounce tomorrow?

O yes.

Safex was down just before the end of trade.

[ZoomZ]

HDB...howzit...............in braaivleis eengrish.. i added; I did say, it's a bear raid

[HDB]

Jakes whats your offcial close at 5:30 per JSE futures?

 

i need these otherwise my calc for tomorrow will misleading

[HDB]

Now why would that happen? Bug in the system or IG went down 150 points juts before 5:30pm to attack some one with a considerbaly big position who was long,,,,and took out his stop???? if so i feel sorry for that trader...

My apologies to IG... I did a bit of investigation and found out that the SA 40 futures as per investing.com which follows the JSE had the same spike up/down at 5:29pm and IG followed them with their algos.

As per one minute bar at 5:30pm per investing.com  

 

Open 42675

high   42675

low   42506

 

close  42563

 

So obviously JSE related!! 

 

Now if you look at JSE bid and sell....last trade at 5:30pm was for 42720...take out +-30points for interest and divi leaves you with 42690.

 

So obviously guys using charts for close of day is going to be totally incorrect and misleading!!! no way investing.com close of 42563 is correct..

 

Mhlato and Argento whats your take on this incorrect close and why it happened??

[HDB]

umm normally when a market falls precipitously like the spikie down in IG, it's a raid of a position wanting to cover/go long...its not a short at all....they'rs spiking down to scoop volume lying to but

 

umm a bear raid...scoop the large volume lying lower but in touch.....

 

it's not to go short at all.

 

Zoomer in simple lay mans english please?

[ZoomZ]

umm normally when a market falls precipitously like the spikie down in IG, it's a raid of a position wanting to cover/go long...its not a short at all....they'rs spiking down to scoop volume lying to but

 

umm a bear raid...scoop the large volume lying lower but in touch.....

 

it's not to go short at all.

[Vertebrae]

Woof! Sorry but  I was sleeping whilst waiting for the 42300 bus.

[HDB]

Ig went bonkers 4 min ago....Dropped from 42650 to 42510...i caught the long  and closed 30 seconds later at 42660!!

thats 150 points in 30 seconds...Wonder what happened!!

 

Did anyone else see that??

 

 

Now why would that happen? Bug in the system or IG went down 150 points juts before 5:30pm to attack some one with a considerbaly big position who was long,,,,and took out his stop???? if so i feel sorry for that trader...

[K~~]

Ig went bonkers 4 min ago....Dropped from 42650 to 42510...i caught the long  and closed 30 seconds later at 42660!!

thats 150 points in 30 seconds...Wonder what happened!!

 

Did anyone else see that??

Yes, quite bizarre! 

 

And well done!!

[bear catcher]

After that Us all green