35854 replies to this topic

[Argento]

Long @ 39460

 

Going to sit on this for the Santa Express!

 

A

[JJBen]

Nett open interest on the March 14 contract already higher than Dec 13!

 

The big gamma trades below 39 000 took place on Friday. If we have priced-in news tomorrow (FED) this close-out can turn out to be a non-event.

[Argento]

Seen quite a move since friday, looks like the low is in as today's green candle broke the washout trend!

 

Waiting for some weakness back to the 39000 (futures) level before going long, should see good upside rest of December, if the FED don't spoil the party!

 

A

[Beorn]

This market vexes me. It's supposed to go down prefed announcement. Why doesn't it ever do what it's meant to. I've lost almost 40K now. It may be time to finally throw in the towel.

 

Market is trying to price in what will happen tomorrow, so by the looks of things, it expects the FED to not start tapering.

And then if they do, red will be the name of the game for the rest of the year, imo.

What ever FED does, I expect violent reactions either way.

[Mad Max]

This market vexes me. It's supposed to go down prefed announcement. Why doesn't it ever do what it's meant to. I've lost almost 40K now. It may be time to finally throw in the towel.

It is only supposed to go down or UP UP UP post FED announcement tomorrow evening ...!!! And by the looks of the markets yesterday it may not go down.

[joker]

This market vexes me. It's supposed to go down prefed announcement. Why doesn't it ever do what it's meant to. I've lost almost 40K now. It may be time to finally throw in the towel.

[Mad Max]

I see volume traded on my graph, but that's why I said, volume actually isn't that low, just low volume of sellers out there, thats why we spike up so fast. IMO

Thanks Jakes. My chart does not have that on IG . I thought you were looking at the JSE deals/volume per sec...

[Beorn]

How do you know it is low volume Jakes ?

I see volume traded on my graph, but that's why I said, volume actually isn't that low, just low volume of sellers out there, thats why we spike up so fast. IMO

[Lekkerry]

39100 (J200) is a good place for a sell-off today. If not, the Santa-rally prep is a-lacking and making it difficult to time.

[fabes]

Hi gentlemen.

 

What is going on with this market? Are we in a state of denial again?

 

I'm a bull and look forward to going long, but I won't buy in this market? So who the hell are buying? It's crazy

[Mad Max]

No.

I'm not going to argue with low volume jumps.

I am waiting for a good entry point for a short though, as I think we might see selling before FED announcement tomorrow.

How do you know it is low volume Jakes ?

[Beorn]

You still holding short Jakes?

 

No.

I'm not going to argue with low volume jumps.

I am waiting for a good entry point for a short though, as I think we might see selling before FED announcement tomorrow.

 

Actually, the volume does not seem all that low.

Edited by Jakes, 17 December 2013 - 11:28 AM.

[AJS]

You still holding short Jakes?

[Argento]

See the other markets are turning more redish...

 

VIX quite high for this market to be dull, think we just need a little patience here!

 

But how we close today will be important, if strong then need to review the pattern and low might be in already!

A

Damn market, taking my profits from my puts here, eating it up so cutting!

 

This move looks strong but not going long yet!

 

A

[Argento]

Yeah.... The saying "do not short a dull market" goes for "do not short a low volume market" as well I assume...

See the other markets are turning more redish...

 

VIX quite high for this market to be dull, think we just need a little patience here!

 

But how we close today will be important, if strong then need to review the pattern and low might be in already!

A

[Beorn]

Yeah.... The saying "do not short a dull market" goes for "do not short a low volume market" as well I assume...

 

Jip, that is something I have seen many times, low volumes, in QE environment, normally sends us higher.

[AJS]

It does not look like there are enough sellers out there to bring us down.

 

Yeah.... The saying "do not short a dull market" goes for "do not short a low volume market" as well I assume...

[Lekkerry]

My point earlier today: volume drives a market down. <ugh>!

 

This makes tomorrow's apparent Santa-rally even more so, tricky.

 

It does not look like there are enough sellers out there to bring us down.

[Beorn]

It does not look like there are enough sellers out there to bring us down.

[AJS]

I feel like I am on the wrong side of waiting for a long entry!

 

Vrek... I am lekker deurmekaar right now.