35854 replies to this topic

[BBW]

eish man..I think you must now start posting your dreams regularly

Haha, if only they were more regular; 2 out of 2 not too bad

[gringots]

Stopped out, screw this, bears have the bulls by the short ones.

 

I said it could get ugly, but I didn't see a 2 % drop in one day.

That is one scary looking Daily candle! But like S says... good for long term gains.

[gringots]

OST tells me that ALMI crossed down to 39999 

Yup I see that to, its not quite as liquid as the alsi.

[Redeemer]

eish man..I think you must now start posting your dreams regularly

 

Remember my dream of yesterday...? I think Somebody's maybe trying to help a bit?? Pity I wouldn't listen!  Only shorting now to hedge my share CFD positions.

[franky]

nibble at 39800 (long) and buying with 25 pt intervals

[Sunesis]

Encore!

 

I'm embarrassed to say I lost all my profits I made from that long I held for 2 weeks... almost all 900 points of it...

 

Just bad knee jerk reaction trades.

 

Been short since 40260(Dec alsi), for a little damage control.

 

Think I have worked out a system that will work better going forward though, been trading pretty much in a discretionary manner up till now.

Today will be a good example on why we need good money management and enough capital to trade.

 

ABSA Capital

Nedbank Capital

RBC Capital

 

etc.

 

They all need capital to leverage.

[ptomli]

OST tells me that ALMI crossed down to 39999 

[Argento]

well done - and sticking to your logic - amazing how different views can all make money if well planned!

Thanks O

 

Just hope this is not something bigger transpiring, that weekly reversal candle is a huge concern and I will stay out of any longs until mr market confirms the bottom is in..or if the long awaited bear has arrived (not to scare ya)!

 

A

Edited by Argento, 13 November 2013 - 04:20 PM.

[Beorn]

I'm long @ 40050

 

Stopped out, screw this, bears have the bulls by the short ones.

 

I said it could get ugly, but I didn't see a 2 % drop in one day.

[Sunesis]

MOM AND POP ARE BACK

 

Five years ago millions of Americans had their IRA’s wiped out by the bursting real estate bubble. Many of those people vowed Wall Street had burned them for the last time and they would find other places to invest their money.

 

Quite a few of them caught the Gold bug and did well until last year when the glitter vanished. Those who waited until they were sure Gold was going to $2500 before they bought got another black eye, as prices have retreated more than one third in the past year.

 

Others decided soft commodities were the way to go. They bought the Grains, Coffee, Cotton and other commodities that could only go up in price because the demand in emerging countries ensured the price could never go down again. They did ok too, until last year, when many of those markets lost 50% of their value.

Many more sought refuge in the energy markets, only to find out those could also fluctuate in price, and with the glut of natural gas and the US production of energy from the shale fields, they also got hammered.

 

Finally they went to the safest investment for the past quarter century, US bonds. They have given investors a return of over 8% a year during that time and certainly could produce the yield they needed. Unfortunately even that investment proved it too could turn sour and in fact for the past two years has been a loser.

After being disillusioned in other investments they now have decided it is safe to trust Wall Street again!

 

When Warren Buffett and the other Titans of Wall Street were buying the market near the bottom Mom and Pop were “puking” out their hard earned money into their hands. Now after the broad market has rallied over 160% during the past five years they know it’s time to pull the trigger and get on board for the “Real Bull” that is sure to follow lower unemployment and predicated growth.

 

The past three months have seen the greatest move of money into mutual funds since the summer of 2004. More and more small investors are seeing the light at the end of the tunnel. They have seen the market average more than 10% annually since 2009 and they now know there can only be blue skies ahead.

I hope they’re right, but the numbers tell another tune.

 

Anytime small investor confidence gets over the long-term average of 39% it is usually a danger sign for the pros. Last week a poll released by the American Association of Individual Investors showed that 45% of all small investors feel confident it is now the right time to invest in stocks, the last time that it was this high was… you guessed it, the great crash  of 2008!

Good read i posted yesterday

[BBW]

Remember my dream of yesterday...? I think Somebody's maybe trying to help a bit?? Pity I wouldn't listen!  Only shorting now to hedge my share CFD positions.

Edited by BBW, 13 November 2013 - 04:17 PM.

[Sunesis]

Also closed half my shorts - any views on re-opening shorts later/tomorrow if   you see the possibility of the S&P500 moving down today, thereby making last Friday's bounce a false breakout or dead cat bounce - and then S&P moving to 1740 as first realistic support test - (currently their S&P500 futures is at 1756 about) - It will definitely influencing our T40Fs even more down? 

your opinions are appreciated.

We had too much blood in the street today, to scare some bulls away.

Bulls only strive when nobody wants to buy. Bears strive when everybody is buying.

 

Do you think Mom and Pop will buy when they see this. NO BIG NO

 

That's when big banks start buying.

 

Market corrections arent fun but they healthier for longer term gains

 

You should be able to make your mind up after  this.

[gringots]

Encore!

 

I'm embarrassed to say I lost all my profits I made from that long I held for 2 weeks... almost all 900 points of it...

 

Just bad knee jerk reaction trades.

 

Been short since 40260(Dec alsi), for a little damage control.

 

Think I have worked out a system that will work better going forward though, been trading pretty much in a discretionary manner up till now.

 

 

 

 

 

Attached Files

•  bull-vs-bear1.jpg   51.86KB   3 downloads

[Sunesis]

Long @39860

 

Key supports for our heavyweights

 

BHP 310

SAB 520

Richemont 100

Sasol 500

Naspers 900

[OceanWalz]

Also closed half my shorts - any views on re-opening shorts later/tomorrow if   you see the possibility of the S&P500 moving down today, thereby making last Friday's bounce a false breakout or dead cat bounce - and then S&P moving to 1740 as first realistic support test - (currently their S&P500 futures is at 1756 about) - It will definitely influencing our T40Fs even more down? 

your opinions are appreciated.

[gringots]

If my guess is correct then we could be heading towards 39368 before we turn up.  The red line in the chart is the  weekly support . If it breaks that then goodbye bulls ..

That looks like a classic Rob Booker Two Trendy system ;-)

[Beorn]

I'm long @ 40050

[Sunesis]

European indices.

 

FTSE (-101pts) -1.50%

DAX (-81pts) -0.90%

CAC 40 (-42.pts) -0.99%

 

Since 25 June we have not had more than 2000 point drop, even with Syria and debt deal story. maximun was around 1700-1900

 

Will this be the 1st one,  Current point drop is 1600 points.

 

Phycology time.

[Bhova]

a man can take so much pain in a day, the market seriously punished me today....but I came out with a big lesson "STICK TO YOUR OWN PLAN". 

[OceanWalz]

Ok, I am locking in those profits and selling all my shorts!

 

Now to wait for the low confirmation for a biiiiiiiiig long position into end of December (18/19th FOMC meeting)!

 

A

well done - and sticking to your logic - amazing how different views can all make money if well planned!