35854 replies to this topic

[fabes]

sink it some more Im waiting for a nice long entry

Where you looking to go long. I will enter at 39600 with tight SL. Just incase we bounce off 396, but will see first

[franky]

This does not look good for the bulls!

 

Got a 15 min bearish cross and 30min coming up...

 

If this sideways action was distribution the final washout is still ahead...adding shorts here!

 

Santa might only arrive when Christmas is already over!

 

A

A seems like we following the same pattern as  decem 2011 if so no santa rally this year?

[RBM]

This does not look good for the bulls!

 

Got a 15 min bearish cross and 30min coming up...

 

If this sideways action was distribution the final washout is still ahead...adding shorts here!

 

Santa might only arrive when Christmas is already over!

 

A

Nice christmas wish maybe santa will make both bulls and bears happy this year or maybe just bulls happy as per the season

Edited by RBM, 11 December 2013 - 09:24 AM.

[RBM]

Alsi bumping it's head against 39800, lets see what happens.

sink it some more Im waiting for a nice long entry

[Beorn]

Alsi bumping it's head against 39800, lets see what happens.

[Argento]

I was bullish until today but looking at the weekly chart she has come down quite a lot, needs something special to take her up to new highs this month...looks to me we are already in our first leg down of the big correction and target is 38000 (futures) before a playable long!

 

Think a big klap is coming soon...so I am shorting this market up!

 

Looks like Jakes had it right all along...kudo's!!

 

A

This does not look good for the bulls!

 

Got a 15 min bearish cross and 30min coming up...

 

If this sideways action was distribution the final washout is still ahead...adding shorts here!

 

Santa might only arrive when Christmas is already over!

 

A

[Beorn]

Excellent trading Jakes. Must commend you on closing half and not being greedy. we all expect a drop further today(yes even me), but you took some profit. Great trading.

Thanks 

I like locking in some profit on my trades.

[fabes]

Closed half of this short @ 39840

I still have a biggish short position that I will let run.

Excellent trading Jakes. Must commend you on closing half and not being greedy. we all expect a drop further today(yes even me), but you took some profit. Great trading.

[AJS]

Closed half of this short @ 39840

I still have a biggish short position that I will let run.

 

Yeah, also shorted, miners should drag us down. Will reverse it later on.

[Beorn]

Added to short @ 40009

 

Closed half of this short @ 39840

I still have a biggish short position that I will let run.

[davidp13]

lower lows and lower highs...

 

here we go again!

 

Oh Santa, if we go down please have us bounce, bounce off of 39100 again and have your sled ready so we can fly... (milk an cookies for you if you help out with this one!!!!)

 

p.s. give me a call when this happen so i can enter my longs and go on holiday

 

 

[AJS]

Well, BHP for starters is down almost 2% "down under" in ASX... Cutting longs and waiting it out.

Edited by AJS, 11 December 2013 - 07:01 AM.

[@sirgrantfleming]

Should have got into Gold One (GDO)
Jumped from R1.70 to R2.70 in just a couple of days, after the BCX acquisition

[gringots]

December direction comes down to one question...

Who Santa like more. Jakes or Sunesis.

Depends on who was naughty and who was nice. ;-)

[fabes]

December direction comes down to one question...

Who Santa like more. Jakes or Sunesis.

[fabes]

December direction comes down to one question...

Who Santa like more. Jakes or Sunesis.

[fabes]

Sunesis you are quiet... Need to ask a favour. Can you let Goldman Sachs send me the buy signal as well as I don't want to loose out on 1 point... Name the price. Lol

Anyway, what is the biggest bull's take on the current market situation?

[fabes]

Thanks A. I still prefer the upside more to the downside. That hurt me a little last week, but made good at the end. So now I'm even more cautious, but I have a feeling we'll break the 403 soon and move strongly to atleast 410 before pullback. Taper talk did not do much to US markets yesterday and today. US close will guide me, but 403 will be broken soon. Also, market has a tendency to move up when the world and it's mother goes short.

[fabes]

Thanks A. I still prefer the upside more to the downside. That hurt me a little last week, but made good at the end. So now I'm even more cautious, but I have a feeling we'll break the 403 soon and move strongly to atleast 410 before pullback. Taper talk did not do much to US markets yesterday and today. US close will guide me, but 403 will be broken soon. Also, market has a tendency to move up when the world and it's mother goes short.

[RBM]

Weekly charts take weeks, dailies take days, hourlies take hours, i'll take the short side once theres proper bearish divergence on the weekly, for now to me it looks like the divergence is still being formed

For now i'll swing in and out taking profits on both sides of the coin