35845 replies to this topic

[fabes]

Think this might just be a guest appearance..39200 might mean back down again

I agree. As long as we get some upside today. 392 seems good for my longs.

[Argento]

Today was quite harsh so should see a bounce tomorrow...see US is also recovering!Normally see goes back up to touch the 21 weekly that is about 300 points up before turning down!

 

But the low is not yet in...should make it early next week!

 

A

Fabes, hope you are cashing in with this return move to the 21 weekly, will act as resistance now...trend still down for TOP40 (washout phase) and US (didn't gave a buy signal last night) and trading against the trend can be costly!

 

So the overbought status, cycles and wave 4 down got a reason to have kicked off...tapering!

 

But look at it this way...if they should start to taper (not in December)...$10 billion a month...would that really make such a difference on the Feds balance sheet?!!

 

Mr market has a tendancy to be one step ahead..everybody is waiting for Wednesday (18th), I got Tuesday on my radar for that low...but will see!

A

[Mhlato]

Thinking of shorting... 5min doesn't look convincing.

 

Read this, we are closer to a long entry than a short, be patient

 

This system works best in a trending but volatile trading environment. If the market gets too flat, or too choppy, do not trade. Sit on your hands and wait it out. Take a break. Read a book. Go to the gym. But do not risk your money just because you took time to sit down at your computer. Sometimes trading can be very boring because there is nothing to do but wait for the right conditions. You do not have to look too hard for potentially profitable trades. They should just out at you. If you are searching for trade then you are probably overtrading and losing money. The better thing to do would be to watch and observe the market and let the trades come to you. This patience will payoff with a bigger bank account. 

[Lamarje]

Thinking of shorting... 5min doesn't look convincing.

If it crosses the 20MA I might go in...

[Redeemer]

Most the ALSI40 stocks are in green, but overall, there doesn't seem to be much momentum on the upside.

Probably let's wait for London. Someting is definitely brewing.

 

Thinking of shorting... 5min doesn't look convincing.

[AJS]

Thinking of shorting... 5min doesn't look convincing.

[Beorn]

And the bear continues today

 

Geez S, the guys @ Goldman that gave you that tip must be really hurting now?

[fabes]

The Australian market closed up to at 0.7%

Nikkei closed 0.4% up

 

But i base my trading on US close.

What the market does before US close is not part of my trading plan.

 

For Bulls, best to buy last hour of US close.

 

Those who say no taper, can start buying bargain stocks today.

 

To show the sell off is not all out. Nasdaq did not even sell off much last night.

 

Technology stocks like Apple,Google,Microsoft,Amazon are not budging. Trend is buy technology stocks in an information age world. No wonder Naspers will just continue, only Naspers fits the bill

Commodity indices are suffering

I agree with your view S, but I think everyone will just see Asia being green as a good thing today. US will also close green, but Monday and Tuesday should be bear days.

 

I won't buy in bulk now, just getting some "groceries" for the day. Will buy on late Tuesday or Wednesday when Fed says no taper.

[Lamarje]

And the bear continues today

Man we missed you...where were you...

 

Bearish sentiment all around, we need some bull defiance...

[Sunesis]

Yip, think your assessment is spot on...can't see a sustained bounce until Fed decision (Wed) and futures close-out (Thur).

The Australian market closed up to at 0.7%

Nikkei closed 0.4% up

 

But i base my trading on US close.

What the market does before US close is not part of my trading plan.

 

For Bulls, best to buy last hour of US close.

 

Those who say no taper, can start buying bargain stocks today.

 

To show the sell off is not all out. Nasdaq did not even sell off much last night.

 

Technology stocks like Apple,Google,Microsoft,Amazon are not budging. Trend is buy technology stocks in an information age world. No wonder Naspers will just continue, only Naspers fits the bill

Commodity indices are suffering

[fabes]

Chubby, see that assasin brought some relieve for us bulls. Very reliable guy.

[franky]

And the bear continues today

150 pt gap up on the futures might need to be closed  might push us down to 38400 (futures )octobers support

[Zero Hedge]

Yip, think your assessment is spot on...can't see a sustained bounce until Fed decision (Wed) and futures close-out (Thur).

[Sunesis]

This is the day we will be having today

And the bear continues today

[Zero Hedge]

Must be honest...the gamma selling yesterday and ongoing EM position squaring by foreign investors is hurting...can only hope and pray for better days once futures close-out is behind us.

[fabes]

YOu must remember one thing. Institutions buy bulk of equities and they got the buying power so don't expect us to drop to far. I support Argento's view of earlier. Tomorrow we might bounce up and Monday, Tuesday we will take a dive again ahead of Fed meeting. I suspect that they will not taper to hold on to gains for the year and end year solidly. On Wednesday, when everyone realise no taper, we will shoot the lights out into end December.


FEd can see what talks of taper is doing, imagine if they really anounce taper. 10% discount of all equities. Sell one and get two free. Lol.


One more thing, we all know that when everyone starts selling or buying, Mr Market throw's them a finger.

Gees man...can the market just calm the f@$% down...no taper by FED for Pete's sake...
 
I'm looking at a long position on Wednesday...what your view

Tomorrow might be a good day. Then probably wednesday if no taper. But we should watch the news. No news, then a's scenario might play out. Markets are now event/taper driven.

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[Lamarje]

YOu must remember one thing. Institutions buy bulk of equities and they got the buying power so don't expect us to drop to far. I support Argento's view of earlier. Tomorrow we might bounce up and Monday, Tuesday we will take a dive again ahead of Fed meeting. I suspect that they will not taper to hold on to gains for the year and end year solidly. On Wednesday, when everyone realise no taper, we will shoot the lights out into end December.

FEd can see what talks of taper is doing, imagine if they really anounce taper. 10% discount of all equities. Sell one and get two free. Lol.

One more thing, we all know that when everyone starts selling or buying, Mr Market throw's them a finger.

Gees man...can the market just calm the f@$% down...no taper by FED for Pete's sake...

 

I'm looking at a long position on Wednesday...what your view

[fabes]

YOu must remember one thing. Institutions buy bulk of equities and they got the buying power so don't expect us to drop to far. I support Argento's view of earlier. Tomorrow we might bounce up and Monday, Tuesday we will take a dive again ahead of Fed meeting. I suspect that they will not taper to hold on to gains for the year and end year solidly. On Wednesday, when everyone realise no taper, we will shoot the lights out into end December.

FEd can see what talks of taper is doing, imagine if they really anounce taper. 10% discount of all equities. Sell one and get two free. Lol.

One more thing, we all know that when everyone starts selling or buying, Mr Market throw's them a finger.

[AJS]

Also, a break below 1774 on the S&P will not be good... 

[RBM]

Got 37700ish IG

A

Good call A , break through 38000 could see us back at 36000 in the coming weeks