5H bullish cross made and about to cross the 200 as well, could get some sort of pullback with it but eventually just push higher!
Don't short to early..still got juice left and charts will show when, longs looking good!
A
Posted 27 December 2013 - 08:39 AM
5H bullish cross made and about to cross the 200 as well, could get some sort of pullback with it but eventually just push higher!
Don't short to early..still got juice left and charts will show when, longs looking good!
A
"Never never never give up!"
Posted 27 December 2013 - 08:23 AM
IMO this December rally is nothing but smoke and mirrors.
That does not mean it cant go any further, but I will be waiting for a nice short opportunity.
US 10 year bond is @ 3%. Should be bearish for stocks.
I will wait for the big guys to get back from holiday, then start picking away @ a short.
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Posted 27 December 2013 - 08:17 AM
IMO this December rally is nothing but smoke and mirrors.
That does not mean it cant go any further, but I will be waiting for a nice short opportunity.
US 10 year bond is @ 3%. Should be bearish for stocks.
I will wait for the big guys to get back from holiday, then start picking away @ a short.
Alsi future
I only post my views, not advice
Posted 26 December 2013 - 11:29 PM
C not that I doubt your view here, but what do you base this on? For me its a much of a muchness cause I have multiple ongs running from low 39k, but if there is solid opportunity to make some extra I will grab it.
I can only assume it based on the fact that it reached 40672 on 18th Nov. There is a good chance it will reach this and more on Friday .
Posted 26 December 2013 - 08:25 PM
Agreed S..My strategy for the next few days. I Just sneaked in a short @ 40273, scalping 180 points to 40080 switching long to 40400 and then short again to 40000 long again to 40450 and then short again to 40100 and then long to 40600 then short to February. PS don't tell my wife im posting or trading during December..just can't help myself..
That's the beauty about the market. When bears were all hoping for the market to come down in 2013, it never did.
Now we have talk all over about the market going up. I think it's time to short.
We just need to 1st wait for all the pension funds to buy before we sell. If your account can support multiple short positions then it's time to short the S&P 500.
Always to opposite of what the media does.
Those who followed the media last year lost money.
Those who will follow the media next year will also loose money.
The media is posting all over about a Great Gatsby year.
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Posted 26 December 2013 - 07:35 PM
Posted 26 December 2013 - 07:25 PM
Agreed S..My strategy for the next few days. I Just sneaked in a short @ 40273, scalping 180 points to 40080 switching long to 40400 and then short again to 40000 long again to 40450 and then short again to 40100 and then long to 40600 then short to February. PS don't tell my wife im posting or trading during December..just can't help myself..
We are market junkies.
I will just wait for 40600 to hit before i short the punk.
Short all rallies till June will be my strategy.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 26 December 2013 - 07:20 PM
How would we know when this has happened S?
When you see a big spike higher before end of March.
Biggest headwind to equities in early 2014 will be sentiment: II bulls minus bears at highest level since Feb '87.
https://pbs.twimg.co...sgnCIAAccQn.jpg
The more retail investors pile in, the better chance for a correction.
https://pbs.twimg.co...5ErCAAEWv1H.jpg
I have started shorting S&P500
Will wait for FTSE,DAX,DOW and Top40 to go a little higher before shorting
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 26 December 2013 - 05:17 PM
I want to knock on a few option writers' doors in January and put together a nice bearish option strategy. Roll it until June.
Posted 26 December 2013 - 04:18 PM
How would we know when this has happened S?We just need to 1st wait for all the pension funds to buy before we sell.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Posted 26 December 2013 - 02:49 PM
It’s actually the best day of the year to be in the market. Crunching the numbers just ahead of the break, Bespoke Investment Group found that all the way back to 1945, the S&P 500 has been up on Dec. 26 nearly 79% of the time. Of course we aren’t talking rally-crazy here — the average gain is 0.35% — but miss this big chance and you’ll have to wait until August for another practically guaranteed market-gaining day.
That's the beauty about the market. When bears were all hoping for the market to come down in 2013, it never did.
Now we have talk all over about the market going up. I think it's time to short.
We just need to 1st wait for all the pension funds to buy before we sell. If your account can support multiple short positions then it's time to short the S&P 500.
Always to opposite of what the media does.
Those who followed the media last year lost money.
Those who will follow the media next year will also loose money.
The media is posting all over about a Great Gatsby year.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 26 December 2013 - 02:08 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Posted 26 December 2013 - 01:54 PM
FTSE target for the year 6800
Dax taget for year 9600
Dow target for year 16500
S&P target for year 1835
Top40 target for year 40600
Just my 2c
My targets for the year are almost home.
FTSE is on track for 6800
Dax will hit soon
S&P just went a little higher
Lets see what Top40 does tomorrow. Needs to break 40300 for 40600 to come.
I'm starting to pile in the shorts on S&P, stop loss 1930.
Everyone and his dog are long. Time to go short, buy the dip is almost over.
Sell the rally till June.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Posted 25 December 2013 - 11:12 PM
Look we made a MarketWatch article - http://www.marketwat...2014-2013-12-24South Africa starts an emerging markets crisis Not long ago, South Africa was meant to be the S in the BRICS, alongside fast-growing Brazil, Russia, India and China. With the rand in steep decline, and with growing budget and trade deficits, and with slowing growth, it can hardly claim membership of that club right now. At some point in 2014, the ratings agencies will downgrade South Africa, foreign money will flee, and the country will be in a full-blown financial crisis — and that will trigger a wider sell-off in the emerging markets. Okay. Lets all go short ......
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Posted 25 December 2013 - 09:41 PM
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Posted 25 December 2013 - 01:14 PM
Merry xmas everybody. Hope you all have a good one....
Anybody else getting withdrawals and can't wait for the markets to open on Friday?
Posted 24 December 2013 - 06:21 PM
What time will the US close today?
Posted 24 December 2013 - 01:11 PM
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Posted 24 December 2013 - 12:02 PM
Hi guys. Hope you'll well.
What's your take on Alsi? Is it safe to leave position open till Friday? Or take Christmas profit?
Sent from my GT-P3100 using Sharenet Sharechat mobile app
Close your screen...go to the beach and have a few beers, come back and watch around the 09th Jan...your account should look guuuuuuuud!
A
Posted 24 December 2013 - 11:35 AM
Hi guys. Hope you'll well.
What's your take on Alsi? Is it safe to leave position open till Friday? Or take Christmas profit?
Sent from my GT-P3100 using Sharenet Sharechat mobile app
Close your screen...go to the beach and have a few beers, come back and watch around the 09th Jan...your account should look guuuuuuuud!
A
"Never never never give up!"