35854 replies to this topic

[Beorn]

I'm long @ 40952

[joker]

Short at 40700. Let's see if the Pump and Dump theory can work 2 days in a row.

[Sunesis]

First short in @40750

I'm glad you know what PUMP AND DUMP means

[Argento]

Also short with a medium position and holding till end of next week!

 

Beauty of negative divergence...all in da charts!

 

A

[K~~]

Sunesis said: Do you base your trading plan on what IG clients are doing. Or do you look at your chart

 

 

 

Charts rule! 

 

But: "The market goes where it will inflict the most pain on most people". Right now, those 63% shorts are looking like candidates! 

 

My strategy going into next week is still sell the rally. So I might join those 63% in a little while. Not just now.

 

K

 

First short in @40750

[JJBen]

IG Market activity shows the position of ~120-180 traders (market activity distribution bar). Only on futures close-out does the activity bar go above 250 traders. That is a very small % of total ALSI traders. And as far as I know only small players (No decent institution will "pay" for that ridiculous spread).

BUT....I have seen the short side running up to 78% before. Almost a tell: The market will only correct when the IG minions bail out!

[K~~]

Sunesis said: Do you base your trading plan on what IG clients are doing. Or do you look at your chart

 

 

 

Charts rule! 

 

But: "The market goes where it will inflict the most pain on most people". Right now, those 63% shorts are looking like candidates! 

 

My strategy going into next week is still sell the rally. So I might join those 63% in a little while. Not just now.

 

K

Edited by karlwynv, 01 November 2013 - 02:17 PM.

[bear catcher]

I see billiton is flying definately helping with rand to keep us up

[BBW]

I've got 63% short. Which prob means she'll go up...

Sorry, I see I was on the Satrix40 page.

[Sunesis]

I've got 63% short. Which prob means she'll go up...

 

I've got 63% short. Which prob means she'll go up...

Do you base your trading plan on what IG clients are doing. Or do you look at your chart

[BBW]

Same place, different (revamped) look-and-feel: http://www.ig.com/za...onomic-calendar

Seen that too, but it doesn't seem to give the indices' dividends (points change)? It gives the companies' ex-div dates, but no indication at week ends (Fridays) of the impact on the SA40 or ALSI?

[Argento]

I don't know about this one, the ZAR/US$ is very supportive of just hovering currently at these levels.

Level to breach for the bulls to get back is around 41000 futures, see downtrend line on chart!

 

But given November that is seasonally weak and today being the 1st and not massive gains S might just be right!

 

Got the below red line as possible target next week!

 

A

[Lekkerry]

I don't know about this one, the ZAR/US$ is very supportive of just hovering currently at these levels.

 

 

Bears can sell above 40700.

 

Greedy Bulls can sell.

 

Hardcore bulls can sit out.

[Lekkerry]

Same place, different (revamped) look-and-feel: http://www.ig.com/za...onomic-calendar

 

Where can one view the weekly dividend on the ALSI and SA40 now? (Can't find it on the IG website anymore)

[K~~]

80% of IG clients long...?

 

I've got 63% short. Which prob means she'll go up...

[BBW]

PUMP AND DUMP

 

Bears can sell above 40700.

 

Greedy Bulls can sell.

 

Hardcore bulls can sit out.

80% of IG clients long...?

[BBW]

Where can one view the weekly dividend on the ALSI and SA40 now? (Can't find it on the IG website anymore)

[Sunesis]

Sunesis

 

What is your crystal ball telling u?

 

O

PUMP AND DUMP

 

Bears can sell above 40700.

 

Greedy Bulls can sell.

 

Hardcore bulls can sit out.

[Sunesis]

bloomberg had a special insert yesterday... some well known analyst very bullish on S&P said that S&P could SHOOT UP 3% over the next 3 months to around 1820...... WOW thats a hellava big rally still to come before end of Jan hey!!

Didn't mention the risk that it could possibly pull back 3% within a blink of an eye too!! 

 

bloomberg had a special insert yesterday... some well known analyst very bullish on S&P said that S&P could SHOOT UP 3% over the next 3 months to around 1820...... WOW thats a hellava big rally still to come before end of Jan hey!!

Didn't mention the risk that it could possibly pull back 3% within a blink of an eye too!! 

The person you are talking about is Laszlo Birinyi, that's my all time best market historian. He predicted the bull trend from 2009. Remember Birinyi is not a day trader, they invest long term. 

 

Today is another PUMP AND DUMP make sure longs are out before US open.

[Beorn]

Back in long @ 40892

 

I also closed my long @ 40920.

all green trades today so far.