35854 replies to this topic

[Redeemer]

Due South

[Plasma]

who was complaining about that accidental long?

Took an accidental long when finger touched screen without been instructed to do so @ 41529.

Ja well....it was a bit of a tense wait up to 0900!!

[TheTaf]

who was complaining about that accidental long?

Took an accidental long when finger touched screen without been instructed to do so @ 41529.

Some accidents are worth having!!!


...

[Redeemer]

who was complaining about that accidental long?

 

Took an accidental long when finger touched screen without been instructed to do so @ 41529.

[AJS]

Some levels to look at here...

Attached Files

•  South Africa 40 Futures(5 Hours)20140103084551.png   57.48KB   24 downloads

[AJS]

Eish man... That sucks! : /  

 

41600 is key (Investing.com). I will either buy back my shorts on a bounce there or add shorts there.

[Plasma]

Took an accidental long when finger touched screen without been instructed to do so @ 41529.

[AJS]

Songs like "Free falling" and "Red red wine" comes to mind!

[AJS]

Now... Get out on IG after hours or wait for futures to open.  We are already quite far down on IG.

[K~~]

Yeah, I'm gonna have to cancel my Adventures of the Gummi Bears boxset order too!

Haha, got that set back when the USD was 6.86 to the ZAR! Wanna buy it from me? I'm offering it at R9.00 / USD?

[zoner]

Also think the Rand is in for another hammering today.

For the love of jellybeans, I'm cancelling my Amazon purchases!

Yeah, I'm gonna have to cancel my Adventures of the Gummi Bears boxset order too!

Edited by zoner, 03 January 2014 - 07:51 AM.

[davidp13]

Doubtful, but yesterday proved a lot of people wrong and logic seems to have left the building.


The neg div on daily is there as well as the massive kangaroo tail which normally indicates a reversal of the current trend, but the the R/$ already at 10.65 techs might mean nothing.

 
Doubtful of a turn around back to 42k or a drop down to 41600?

Turnaround

[AJS]

Doubtful, but yesterday proved a lot of people wrong and logic seems to have left the building.

The neg div on daily is there as well as the massive kangaroo tail which normally indicates a reversal of the current trend, but the the R/$ already at 10.65 techs might mean nothing.

 

Doubtful of a turn around back to 42k or a drop down to 41600?

[davidp13]

Seeing that there is little rational 'techs' driving ALSI (yes?), other than ZAR maybe (?), my playbook includes for today: turn-around Tuesday - drop in the morning to +- 41600-650, then the path is paived up to 42000+


Well, that be the theory at least. Roll-on Tuesday.

Doubtful, but yesterday proved a lot of people wrong and logic seems to have left the building.

The neg div on daily is there as well as the massive kangaroo tail which normally indicates a reversal of the current trend, but the the R/$ already at 10.65 techs might mean nothing.

[AJS]

Also think the Rand is in for another hammering today. 

 

For the love of jellybeans, I'm cancelling my Amazon purchases!

[AJS]

I think A's theory is till valid here...

 

I mean surely people would like to take profit home?  Many stocks are at technical targets (if I can put it like that), negative divergences are creeping in everywhere (mainly because of the low volumes we've seen) and many counters are over extended.

 

Also, yesterday's push was really on such thin trade (I stand to be corrected, just looked at a few big moves' volumes), so I won't read too much into it.

 

That all being said, I am not calling for a mother of a crash or anything, just don't see how this (what we've seen in the Santa Rally and yesterday) can be sustained in the nearby future.

 

[Lekkerry]

Seeing that there is little rational 'techs' driving ALSI (yes?), other than ZAR maybe (?), my playbook includes for today: turn-around Tuesday - drop in the morning to +- 41600-650, then the path is paived up to 42000+

Well, that be the theory at least. Roll-on Tuesday.

[Plasma]

The gold index rose over 5% today....not sure what the correlation/relationship is between ZAR and the gold index.

Plasma, not sure if this is will help? IMO gold has no influence on the J200 because the combined weight ot ANG and GFI is only 1.9% of the index.

Thanks M!

[AJS]

Your short entry was spot on AJS, well done!

 

Thanks, just got lucky I guess.  Now tomorrow and Monday will be telling, especially since the volumes would most likely pick up a bit.

[Mhlato]

Yeah, I agree.  ANG is currently the only gold counter in the TOP40 as well.

 

Your short entry was spot on AJS, well done!