35854 replies to this topic

[Mad Max]

Next week is the last week. Maybe some bulls are starting to show the towel. 

 

True it gets scary everyday. But that's what trading is about.

 

 S&P:

 

Every bull needs to listen to this.

http://www.youtube.c...h?v=I3D9ygP_V_k

Thanks dude. Very inspirational . Good to see you still kicking  irrespective of that huge bear showdown last night !

[Sunesis]

Reckon the Obama announcement of Yellen as next Fed chair will add a little green to the US mkts at the open.

Some market analysts say he will choose Donald Kohn.

 

For it was Donald Kohn that the Fed relied on to represent its position and interests in every financial crises over the past 26 years, trouble-shooting most of these directly and as key inside adviser.

 

They believe he is the true man to stop QE (perfect hawk). They say Obama wants someone who will not blow bubbles.

[Beorn]

Ok, closed short and I am long from 38531 for a bounce.

 

sorry, 38539

Edited by Jakes, 09 October 2013 - 02:25 PM.

[Sunesis]

...

A, that was a nice call. Guess the bears are having a bulls steak.

 

We should reach a base soon. Guess the market fear is creeping in everyday the  debt issue carries on.

Next week is the last week. Maybe some bulls are starting to show the towel. 

 

True it gets scary everyday. But that's what trading is about.

 

 S&P:

 

The Oct low of 1670 broke

The 61.% retracement of the September rally broke

The 100-day moving average broke

The trendline beginning in Nov 2012 broke

 

That's why i said its time to separate the men from the boys when they were breaking.

 

Every bull needs to listen to this.

http://www.youtube.c...h?v=I3D9ygP_V_k

[Sunesis]

East greenish; do you still think resources will be hard hit? Trying to decide whether I should get out of AGL, BIL, EXX, KIO, SGL and New Gold Platinum ASAP and buy again later??

The best thing to do now is hold on your long positions. That will also depend on how much you leveraged.

 

Remember i said money management is key. I had a position last night with was a big one. I had to let it go. Took the loss.

 

Kept my smaller positions.

 

 It depends on how much your account is being affected. If more than 10% of your account will be affected if ALSI reaches 37700 then you are in problems.

 

Holding a loosing position is not a problem. The problem is how much you are loosing.

[Argento]

...

[K~~]

I will grab a long at 38370..Futures looking up and bottoms looking down

 

Ja, the bulls still need to butt their heads on 38800...

[Sam]

I will grab a long at 38370..Futures

 

Reckon the Obama announcement of Yellen as next Fed chair will add a little green to the US mkts at the open.

[zoner]

Resources still hanging on, albeit a thread...

[Argento]

42000!!? Greedy 

But Well called on the drop! 

Tx

 

A

[Argento]

Yeah..With the 50d MA blown away it looks very likely that its our next stop..I have a long term long order at 38000 that Im gonna buy and hold come hell or high waters..Will add another at 37800..Target 40000

If she bounces off 37800 the pattern will be very bullish and we can see 42000 year end!

 

With the rate she is dropping we could see that low come friday, wonder if they are not going to reach some sort of an agreement this weekend and jump the gun..!

 

A

[Argento]

That would really pull the floor from under the bulls. I am truly enjoying this drop. Have been waiting a while for it. Though it hasn't gone very far down yet, it has given some good reprieve. I think tomorrow we will see another down jerk, Obama is giving a hardliner speech, and I expect Johni B to reply equally hard lined. So no resolution yet. Each day, default becomes more and more probable.

See some analysts are calling the top of the bullmarket..although things look bad with the VIX making new highs, SPX breaking its intermediate uptrend and XLF (financials) giving a sell signal think the pain is not over but...agree with you should be a great buying opportunity once she bottoms!

 

If you have a long time graph go and look at the 2007-2008 bullmarket top, looks very much the same as this year...but let's not forget QE is still in the system and with all that liquidity she will just march higher me thinks!

 

Got a target at 37800ish on J200 for the low!

 

A

[zoner]

This month, the new black is RED.

Edited by zoner, 09 October 2013 - 09:44 AM.

[franky]

And can someone please try and find out wtf happened?

earnings season offically started yesterday yum brands bell weather for consumer spending missed estimates fell 7% after hrs

[Trainee Trader]

Any ideas on today's bottom target?

[K~~]

If the ZAR doesn't weaken against $ & GBP, bulls wont stand a chance again today

 

Expecting a small little relief rally this AM, and if the US continue their standoff, a further march south.

[Beorn]

If the ZAR doesn't weaken against $ & GBP, bulls wont stand a chance again today

[BBW]

Yes, still buying the dip. But hedge fully in place (else i'd have been slaughtered overnight)

Yes, bought this morning for the 5th time (SA40micro), since I had a finger fault at 39040 yesterday morning; missed out last night.

[BBW]

All i can see is a lot of mayham when the JSE opens. Resource shares might be hit the most.

East greenish; do you still think resources will be hard hit? Trying to decide whether I should get out of AGL, BIL, EXX, KIO, SGL and New Gold Platinum ASAP and buy again later??

[Redeemer]

Yes, still buying the dip. But hedge fully in place (else i'd have been slaughtered overnight)

 

Is there anyone still buying the dip?