31 votes
The Artist
Posted 17 October 2013 - 05:05 PM
OceanWalz, on 17 Oct 2013 - 11:49 AM, said:
Hi O,Hi A, you feel there will still be pullback this afternoon/tomorrow from current levels and not a steady continuing grinding up - guess it depends on US moves tonite ?
Edited by Argento, 17 October 2013 - 05:07 PM.
"Never never never give up!"
Master
Posted 17 October 2013 - 05:01 PM
karlwynv, on 17 Oct 2013 - 1:58 PM, said:
I'm short for the return move...
Scalped the 110 pointer, and will go short again later, when the US has done its bit...
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Member
Posted 17 October 2013 - 04:58 PM
Sunesis, on 17 Oct 2013 - 2:52 PM, said:
Maybe Profit taking before china GDP news later or IG scam
Is it good to buy this dip, or more drop expected?
IG Cash
Member
Posted 17 October 2013 - 04:56 PM
Sunesis, on 17 Oct 2013 - 2:52 PM, said:
Maybe Profit taking before china GDP news later or IG scam
Still before 5 so after hours not in play yet - not IG. JSE is on sharenet app sitting on 39674 ... ignore old data on app. JSEon app still showing above 39754
Edited by snoop, 17 October 2013 - 04:58 PM.
Sage
Posted 17 October 2013 - 04:52 PM
OceanWalz, on 17 Oct 2013 - 2:46 PM, said:
is this correlation - SP500 moves up , now 1721.6 and out T40 edges down \ wonder if its not IG after hours manipulation or US selling, (taking profit on) SA held stocks
at least SAB holding up well
Maybe Profit taking before china GDP news later or IG scam
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 17 October 2013 - 04:46 PM
Sunesis, on 17 Oct 2013 - 2:32 PM, said:
Still keeping my long. Ran over to the US markets, NASDAQ long trade looking good.
I think we might hit 1730 on S&P today.
If South Africa market gets boring always keep a long on EU and US markets.
is this correlation - SP500 moves up , now 1721.6 and out T40 edges down \ wonder if its not IG after hours manipulation or US selling, (taking profit on) SA held stocks
at least SAB holding up well
Edited by OceanWalz, 17 October 2013 - 04:47 PM.
Sage
Posted 17 October 2013 - 04:32 PM
Plasma, on 17 Oct 2013 - 1:59 PM, said:
Lukily I have not done anything today that will invoke the wrath of Sunesis, except once when I was more lion than crocodile
Still keeping my long. Ran over to the US markets, NASDAQ long trade looking good.
I think we might hit 1730 on S&P today.
If South Africa market gets boring always keep a long on EU and US markets.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 17 October 2013 - 04:28 PM
Lekkerry, on 17 Oct 2013 - 2:21 PM, said:
A tad over 200 points trading-range today.
ALSI is moeg or catching its breath for the next push.
She's used up too much of her green crayon. Time to pull out the red one! 
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Sage
Posted 17 October 2013 - 04:21 PM
A tad over 200 points trading-range today.
ALSI is moeg or catching its breath for the next push.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Silfen Path Wanderer
Posted 17 October 2013 - 03:59 PM
. But did get out alive!
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Master
Posted 17 October 2013 - 03:58 PM
I'm short for the return move...
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Advanced Member
Posted 17 October 2013 - 03:18 PM
I see an sudden drop. If we brake the shortterm trendline it could quickly fall 200 - 300 pips. BEWARE
Sage
Posted 17 October 2013 - 03:05 PM
snoop, on 17 Oct 2013 - 12:56 PM, said:
US Futures not that great - IBM down 7%.
Hopefully a good dip oppurtunity
IBM is the dog of the Dow Jones
I would't pick it up with a stick
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Member
Posted 17 October 2013 - 02:56 PM
US Futures not that great - IBM down 7%.
Hopefully a good dip oppurtunity
Newbie
Posted 17 October 2013 - 02:46 PM
Hi All,
Taking a breather for the rest of the week. I must say the Market has been good to me over the last two weeks, but for now it's is time to recon and spec the next oppurtunity.
I'll post my views tomorrow.
M
Sage
Posted 17 October 2013 - 02:34 PM
Why 'Buy the Dips' is the way to go.
As Jakes said, the market was reluctant to price in the lack of a taper, until now
Over the course of the fiscal impasse it became clear the Fed wouldn’t taper in October and probably not December. The market shifted to the January FOMC as a date but with the new government shutdown deadline at January 15, even that’s in question. Some prominent market watchers are even talking about June 2014 for the first taper.
Before, the headline risks around negotiations were too high a bad headline meant a spat of risk aversion and market sell off
Now, the market can refocus on fundamentals and interest rate differentials and that’s why we’re seeing such push ups on ALSI.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 17 October 2013 - 02:24 PM
CPvanWyk, on 17 Oct 2013 - 12:08 PM, said:
Maybe in CHINA the bankers has already sold there positions. So it makes sense to think that they will put in bad numbers to buy in again. Or other way around.
I am learning........
It is almost like THE WAY OF THE SAMURAI.....
This one is called
THE WAY OF THE CHINUMBER
Consider this my last non clever post. I just let is all out. I learned one thing now. You cant trade with data and news. Stay with the trend. And if it gets broken. Sell of s/l and start all over again.
Finally someone figures it out.
And up we go
Pitty i only have one long
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Sage
Posted 17 October 2013 - 02:12 PM
CPvanWyk, on 17 Oct 2013 - 12:03 PM, said:
OK here are the plan. If the results are bad it will go up. If the results are good it will go up. Same with the earnings.
TILLL the fat old clever big bank decides so......
I guess it does not matter what happens. Just as long as Goldman Sachs and JP Morgan decide what to do with the market
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Advanced Member
Posted 17 October 2013 - 02:08 PM
Maybe in CHINA the bankers has already sold there positions. So it makes sense to think that they will put in bad numbers to buy in again. Or other way around.
I am learning........
It is almost like THE WAY OF THE SAMURAI.....
This one is called
THE WAY OF THE CHINUMBER
Consider this my last non clever post. I just let is all out. I learned one thing now. You cant trade with data and news. Stay with the trend. And if it gets broken. Sell of s/l and start all over again.
Advanced Member
Posted 17 October 2013 - 02:07 PM
Trainee Trader, on 17 Oct 2013 - 11:57 AM, said:
US Results @ 14:30
- UNITED STATES-JOBLESS CLAIMS - JOBLESS CONTIN CLAIMS
- UNITED STATES-JOBLESS CLAIMS - JOBLESS CLAIMS 4-WK AVG
- UNITED STATES-BUILDING PERMITS REVISED - BUILD PERMITS R CHG MM
- UNITED STATES-HOUSING STARTS - HOUSE STARTS MM: CHANGE
- Housing Starts
- UNITED STATES-JOBLESS CLAIMS - INITIAL CLAIMS
Results may not come through as the government was in shutdown. Still , US futures looking good.
