35854 replies to this topic

[bullsnbears44]

I'm calling a top here. The Trump honeymoon will end harshly after the inauguration.

[Halfday]

The ZAR is weakening....

Top 40 earnings in foreign currency therefore good for them story...

But yes ,they are as hot as monkeys for stocks today...

[bullsnbears44]

FTSE hit a 13th day consecutive record close yesterday. On track for a 14th day. How long will this insanity go on?

[bullsnbears44]

Sorry BnB,, felt the pain too...

But it just made a double top....

 

The USD is weaker which must be good for commodities and therefore SA...

Which could be the thinking behind this... (V"s chart of the dollar index was  correct.. there is definitely  something rational behind EW theory)

But at some point the traders will take profits...

We would've been well down if not for Richemont spoiling the party. But such is the market. Next week should see a nice drop.

[bullsnbears44]

Sorry BnB,, felt the pain too...

But it just made a double top....

 

The USD is weaker which must be good for commodities and therefore SA...

Which could be the thinking behind this... (V"s chart of the dollar index was  correct.. there is definitely  something rational behind EW theory)

But at some point the traders will take profits...

Still holding. Can stick out another 500 points then I'll have to reduce. Markets truly can remain irrational longer than you can remain solvent.

[Jakkals]

My shorts are bleeding. I'm close to throwing in the towel here.

 

hope you holding tight

[Halfday]

Sorry BnB,, felt the pain too...

But it just made a double top....

 

The USD is weaker which must be good for commodities and therefore SA...

Which could be the thinking behind this... (V"s chart of the dollar index was  correct.. there is definitely  something rational behind EW theory)

But at some point the traders will take profits...

[Motion Picture]

Guys...anybody knows what caused the downward spike in Spar some 1 hour ago?

 

Looks like some fat finger error?

 

Do they re-instate positions when something like this happens?

[bullsnbears44]

Hi All...

Wow look at this...

We are up 3000 points  over the last 3 weeks....

its looking  highish on weekly RSI but obviously can go higher than that..

 

Lot depending on Trump tonight

My shorts are bleeding. I'm close to throwing in the towel here.

[Halfday]

Hi All...

Wow look at this...

We are up 3000 points  over the last 3 weeks....

its looking  highish on weekly RSI but obviously can go higher than that..

 

Lot depending on Trump tonight

[Ninja]

Happy 2017... shorting alsI here 46300

[bullsnbears44]

Happy new year to all. Best of luck on the markets this year.

[Halfday]

Thanx Mhlato and same to all, we are going to need it....

 

Watched a few Youtube doccies by BBC, Aljazeera and RT on China, Debt and Gold etc...

All recent and well researched IMO

Now I am really paranoid!!!!

 

Oops 14:00 Traders back from !st lunch of new year lets see what they do.....

[Mhlato]

Merry Xmas and a prosperous 2017 to everybody.....

 

 

For those who didn't know (or forgot) Tuesday 27 is also a public holiday, so, no open positions for me.

 

http://www.gov.za/sp...9-sep-2016-0000

[Halfday]

Also been watching the Nasdaq....

It cant break upwards in the last 6 sessions...

Fear is up as Gold is up...

Oil is up

So I like today...

[bullsnbears44]

Another day, another record for the Dow. 17th record close since the election. This is the textbook definition of euphoric buying. I've never seen such insanity on the markets. It all ends in tears over the next few weeks.

[Halfday]

I like the way the market settled at 43600....

Bullsnbears got the level spot on...

Lets see if it does it again...

[Halfday]

Is this the famous Santa Rally????

[bullsnbears44]

43.6 going to be tough to crack. If it happens next week I can see the floodgates opening all the way to 42k. I can't see the Santa rally happening this year. This time last year the Fed also raised and markets plunged. With US markets extremely overbought it's going to be hard to get much more upside. The drop could be even worse than last year.

[gannet]

Market now seems to have a downward bias....

 

Agreed. I don't like how 44240 broke ... was retested and failed