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ALSI Trades


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#22701 Argento

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Posted 24 February 2014 - 11:44 AM

If she breaks through 43100 a short squeeze can quickly take her to 43300..

When she hits the top of the daily bollingerband (43450ish) again later this week I am going short...!

 

US charts also warning on an imminent drop coming....

 

A


Edited by Argento, 24 February 2014 - 11:45 AM.

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#22702 Lekkerry

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Posted 24 February 2014 - 11:41 AM

Let's leave some for this PM, ok?

 

:)

 

If she breaks through 43100 a short squeeze can quickly take her to 43300..


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#22703 K~~

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Posted 24 February 2014 - 11:38 AM

Let us see J200 crack the 43000 nut. To be honest, I am not too excited on the J200's appetite in doing so, just yet (30 points and counting though).

If she breaks through 43100 a short squeeze can quickly take her to 43300..


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#22704 Lekkerry

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Posted 24 February 2014 - 11:18 AM

or not...

 

Let us see J200 crack the 43000 nut. To be honest, I am not too excited on the J200's appetite in doing so, just yet (30 points and counting though).


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#22705 Argento

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Posted 24 February 2014 - 11:10 AM

Clearly she is not done with the upside and that blow off top is still missing...this 5H negative divergence can easily hang around this week still while she moves up (early November top) until she finally cracks..but no doubt she is busy with some sort of top!

 

Looks like we are in for an early March weakness scenario! :rolleyes:

 

A


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#22706 Lekkerry

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Posted 24 February 2014 - 11:07 AM

Let us see J200 crack the 43000 nut. To be honest, I am not too excited on the J200's appetite in doing so, just yet (30 points and counting though).


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#22707 Lekkerry

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Posted 24 February 2014 - 11:00 AM

Good on you, mate!

 

:P

 

ZAR taking a beating against the GBP again, and keeping us propped up.

I am opening a long on China A50 Cash on IG, which I hate doing but it is the only way I can open a position on China.

 

Going to leave it till tomorrow. 

 

I'm long Alsi @ 42800 also (Lets try again)


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#22708 Beorn

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Posted 24 February 2014 - 10:56 AM

ZAR taking a beating against the GBP again, and keeping us propped up.

I am opening a long on China A50 Cash on IG, which I hate doing but it is the only way I can open a position on China.

 

Going to leave it till tomorrow. 

 

I'm long Alsi @ 42800 also (Lets try again)


Edited by Jakes, 24 February 2014 - 10:57 AM.

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#22709 Beorn

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Posted 24 February 2014 - 10:22 AM

Geez, this is volatile! 


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#22710 Beorn

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Posted 24 February 2014 - 10:11 AM

We bounced nicely on a support line on the 30 min chart, I'm long @ 42765

 

Stopped out, man that was a fast stab down


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#22711 Beorn

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Posted 24 February 2014 - 10:05 AM

We bounced nicely on a support line on the 30 min chart, I'm long @ 42765


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#22712 OceanWalz

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Posted 24 February 2014 - 08:05 AM

ATTENTION ALL SHORTS (AND LONGS, FOR THAT MATTER) ;):

 

EXPECTED TOP40  DIVIDEND FRIDAY 28 FEB 2014: 

 

135 POINTS!

 

K

thanks K - will heed your notice esp on Friday afternoon.


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#22713 K~~

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Posted 24 February 2014 - 07:47 AM

ATTENTION ALL SHORTS (AND LONGS, FOR THAT MATTER) ;):

 

EXPECTED TOP40  DIVIDEND FRIDAY 28 FEB 2014: 

 

135 POINTS!

 

K


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#22714 tjnop

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Posted 23 February 2014 - 10:09 PM

Thanks for the views, will also sit on the sideline tomorrow to wait for a clear signal
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#22715 Lekkerry

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Posted 23 February 2014 - 08:15 PM

My play (EDIT - if I had to enter a new position) is a very cautious long (at the close of Friday evening using IG J200).

 

My feel (and posting) earlier was that ALSI Top40 would drop once the 1d chart reached the BBU, with a confirmation given by the over-bought RSI (all happening 19 Feb 2014). What subsequently transpired was that with the momentum, the BBU was pushed up, even though we are in over-bought territory sing the RSI (14).

 

The 1d has not failed yet (the previous possible reversal signal was very quickly amended with the maintaining at the 43000 level end of last week), so until I have any other signals to go by, I will have to consider the 1d and BB being pushed to a high of 4345# (J200) currently as the next possible turning point.

 

(further thoughts: The 1d BBU breach of 19 Feb 2014 was my first cue for a breakdown lower, but the higher high logged Friday 21 Feb 2014 gives a totally different (bullish) spin on things. By no means a fool-proof recipe, but do some back-test using 1d, BB, RSI and MACD and you will note the 1d is fairly accurate using these indicators.)  - see attached IGM chart as of close on Friday evening / Saturday morning) - there is a beefy 400+ points between close and BBU now.

 

There is no need to be over-eager to go either way currently (note to self!). Give the market some time to digest and either establish this 43000 level or break-down from here. I am sure there are short scalps to be had Monday though, but the bigger (more than 400 points) trend is still up, given my facts and stats.

 

At any time, a sell-off can confuse my signals (so I probably could then just as well not submitted this posting! LOL),

 

Hi,

What is the feeling for the coming week? Are we at the top of the cycle and heading down to 40500 to touch the bottom of the band again?

Well done to the Proteas!

Attached Files

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Edited by Lekkerry, 23 February 2014 - 08:17 PM.

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#22716 Beorn

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Posted 23 February 2014 - 08:05 PM

Hi,


What is the feeling for the coming week? Are we at the top of the cycle and heading down to 40500 to touch the bottom of the band again?


Well done to the Proteas!


IMO, we will go up tomorrow.
The Ukraine issue is mostly sorted, and good G20 meetings over the weekend.
Just my opinion though.
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#22717 Lekkerry

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Posted 23 February 2014 - 07:48 PM

So it all comes down to the year 2014 then? 

 

... Nice.

 

Interesting charts w.r.t the well known Kress Cycle.  For those who are not familiar with it: http://lmgtfy.com/?q...e Kress Cycle?   (The first link will explain)


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#22718 tjnop

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Posted 23 February 2014 - 06:37 PM

Hi,

What is the feeling for the coming week? Are we at the top of the cycle and heading down to 40500 to touch the bottom of the band again?

Well done to the Proteas!
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#22719 AJS

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Posted 23 February 2014 - 05:51 PM

Hi,

I am new to this forum. Have been following for a while. Hope to contribute in future.

Hope everybody is enjoying the cricket

Regards

 

Welcome! Enjoy the ride!  B)


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#22720 tjnop

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Posted 22 February 2014 - 02:43 PM

Hi,

I am new to this forum. Have been following for a while. Hope to contribute in future.

Hope everybody is enjoying the cricket

Regards
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