31 votes
Sage
Posted 26 February 2014 - 02:43 PM
head and shoulders on the FTSE100 (60 mins)...a break below 6765 could cause further downside? Am I correct? Trying to understand these things...
Sure the 60mins charts are telling the story now. We even got a HS on S&P
A break will cause hell in markets. It held yesterday.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Artist
Posted 26 February 2014 - 02:37 PM
Current price action vs charts! 
A
Edited by Argento, 26 February 2014 - 02:38 PM.
"Never never never give up!"
The Artist
Posted 26 February 2014 - 01:47 PM
head and shoulders on the FTSE100 (60 mins)...a break below 6765 could cause further downside? Am I correct? Trying to understand these things...
Hi UpAnDdOwN,
You are quite right, with the negative divergence it sure looks like a top with a possible target of 6700 once the neckline (6800ish) breaks!
A
"Never never never give up!"
Master
Posted 26 February 2014 - 01:30 PM
Welcome back RBM...were you travelling the world?
A
Actually will be traveling again next month...tired of traveling...
The Artist
Posted 26 February 2014 - 01:18 PM
This plan gonna come together nicely...sooner than later
Welcome back RBM...were you travelling the world? 
A
"Never never never give up!"
Master
Posted 26 February 2014 - 12:56 PM
We could be in a bull trap, with bulls expecting the market to go higher before a reversal and they keep buying as the market grinds lower...expect the unexpected !
This plan gonna come together nicely...sooner than later
Master
Posted 26 February 2014 - 12:24 PM
Traitor
Sue me!
If she drops further, you can gloat.
If she goes up, I'll sell so much at the top that your shorts will make even more! 
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Member
Posted 26 February 2014 - 12:18 PM
head and shoulders on the FTSE100 (60 mins)...a break below 6765 could cause further downside? Am I correct? Trying to understand these things...
The Artist
Posted 26 February 2014 - 12:14 PM
Argento, Mhlato or anyone else using investing.com. Just a few questions
1. Can you trade the SA40 futures on investing .com. I presume the price on investing.com is the same the official JSE top 40 futures where the JSE is the market maker.
2. Investing.com also shows the FTSE100 futures. Unlike the SA40 futures which close at 5:30pm our time, the FTSE100 futures seems to run 24 hours a day. Is this correct?
3. Is the investing.com FTSE100 futures same as the official FTSE futures where the London stock exchange is the market maker?
Thanks in advance..
Hi HDB,
1) Pricing is the same as the official JSE with them being the market makers!
2) I follow the actual FTSE market (live), futures run 24hours!
3) Not sure about the last one
On the market action, I agree with you short term downtrend still in place..got a 15min, 30min and she is at the 89 line on making a 60 min bearish cross together with 5H + 1D macds down so no buy signal yet!B leg in the making before we go down for the C wave!?
My target is 41700ish come friday, will then go long for those new highs!
A
"Never never never give up!"
Little Master
Posted 26 February 2014 - 12:14 PM
Argento, Mhlato or anyone else using investing.com. Just a few questions
1. Can you trade the SA40 futures on investing .com. I presume the price on investing.com is the same the official JSE top 40 futures where the JSE is the market maker.
2. Investing.com also shows the FTSE100 futures. Unlike the SA40 futures which close at 5:30pm our time, the FTSE100 futures seems to run 24 hours a day. Is this correct?
3. Is the investing.com FTSE100 futures same as the official FTSE futures where the London stock exchange is the market maker?
Thanks in advance..
HDB,
1) Click on the "Trade Now" box there are a few brokers, so i suppose it can be done?
2) FTSE futures is 24hrs and close @ around 23:00 on Friday's and open Sunday night @ 12pm
3) Not sure
"Don't try to buy at the bottom and sell at the top. It can't be done, except by liars." - Bernard Baruch
Little Master
Posted 26 February 2014 - 11:27 AM
42000 might not be the best place to add more shorts though..I expect to have some buyers interested at those levels
Just a thought
thanks, wont add until confirmation
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
The Oracle
Posted 26 February 2014 - 11:27 AM
Last entry for longs before train leaves to new highs
42430
Sorry S...I think we made our highs already! Us and Ftse may still go up but im certain we now on a slow downhill move!! Resources have had their run...Pound now to strengthen back towards R15.00!!
Only my opinion....
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Oracle
Posted 26 February 2014 - 11:23 AM
Argento, Mhlato or anyone else using investing.com. Just a few questions
1. Can you trade the SA40 futures on investing .com. I presume the price on investing.com is the same the official JSE top 40 futures where the JSE is the market maker.
2. Investing.com also shows the FTSE100 futures. Unlike the SA40 futures which close at 5:30pm our time, the FTSE100 futures seems to run 24 hours a day. Is this correct?
3. Is the investing.com FTSE100 futures same as the official FTSE futures where the London stock exchange is the market maker?
Thanks in advance..
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Sage
Posted 26 February 2014 - 11:18 AM
Last entry for longs before train leaves to new highs
42430
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 26 February 2014 - 11:18 AM
Traitor
Im still short and will review if we break 43100 (maybe close) or 42050 (potential to add more).
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 26 February 2014 - 11:05 AM
Long FTSE 6800
Long DAX 9685
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 26 February 2014 - 10:28 AM
Hi S,
This may be right on US market, but I cannot see South Africa 40 Futures follows US in the past years. If I recall correctly some say Feb will be a bad month, but it recovers and hitting new high. Surely the market is (at least a litte) different to the past. Can you explain why SA will follow US? Thanks
C
I have seen ALSI following FTSE lately,
I am basing this on the FTSE. A long around 42500 is good
I really wan to short this market but the signals are not in yet. But i still believe we will find a top around April
More money will be made shorting, but for now lets go to new highs.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 26 February 2014 - 09:59 AM
I've closed my shorts from a while back (587 and 800) at 490, for total green of 407 points.
S&P is brewing at 1850, and when that pops we might hit 43300.
Will look for a higher short entry...
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Newbie
Posted 26 February 2014 - 09:54 AM
Bulls get ready to take off to new highs
This is a good setup for new highs.
This is a bear trap. Those who want to short can do that when it's hit 43300 and higher.
Longs can start jumping in from below 42600. We are entering a period of bullishness seasonally.
March is one of the most bullish months of the year.
Bears can wait, they will get thier chance in a months time.
The better risk to reward trade will be the short one. But Bulls need to reach 43300 1st
Enjoy
Hi S,
This may be right on US market, but I cannot see South Africa 40 Futures follows US in the past years. If I recall correctly some say Feb will be a bad month, but it recovers and hitting new high. Surely the market is (at least a litte) different to the past. Can you explain why SA will follow US? Thanks
C
Sage
Posted 26 February 2014 - 09:49 AM
Today, I can almost agree with you, yah!
Bulls get ready to take off to new highs
This is a good setup for new highs.
This is a bear trap. Those who want to short can do that when it's hit 43300 and higher.
Longs can start jumping in from below 42600. We are entering a period of bullishness seasonally.
March is one of the most bullish months of the year.
Bears can wait, they will get thier chance in a months time.
The better risk to reward trade will be the short one. But Bulls need to reach 43300 1st
Enjoy
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
