35854 replies to this topic

[bear catcher]

Smiling sold the rally.Market really tanking atm see some big red wave for tomorrow as guys will pull money from the market. Target 37800.

[Plasma]

Obama is talking ....

[Beorn]

Just heard a little birdy sing that Fitch will downgrade the outlook of USA debt tomorrow..will have to see if it is true but if..watch down below folks! A

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.

[Zero Hedge]

Yes they lie especially when things are really bad...

[Zero Hedge]

Yes they lie especially when things are really bad...

[Argento]

_{Just heard a little birdy sing that Fitch will downgrade the outlook of USA debt tomorrow..will have to see if it is true but if..watch down below folks!}

 

_A

[yoydna]

Missed a very red day... Also taking a long. Hope it's worth it tomorrow!

[Redeemer]

Long added @ 38565. Took profits on my short hedge. Let's see how tomorrow pans out.

[Lekkerry]

Me upside-down take is, the bottom is in for now. Time to sharpen the longs again.

 

Time will tell.

[Olymphia]

Chubby

 

Well done, yep i have t agree, u r a truly a master.

 

Congrats.

 

O

[K~~]

CLosed all my shorts @  38520!

 

Played like a true master!!! 

[Sunesis]

Long@38530

[Beorn]

We have eventually closed the gap from the 18th Sept.

 

If we go much further down a lot of bulls might start panicking and fight to get out of their positions.

[Redeemer]

She (J200) has also hit the bottom of her downward channel...hence an upward push is likely, before she goes further down.

[Argento]

A...You really think we will break the 50d MA? Last time we broke was in the middle of June?

Chubs,

 

Yip, the US is dealing with a IV wave down before the final V wave up that could end the bullmarket (new highs), but should only be next year.

 

With QE still in place think we could see a massive rally into year end after this good correction, the weekly RSI negative divergence should then be invalidated that could support such a move..but don't be surprised to see 1580 first on the SPX into the 17th!

 

Is possible we could start a mini upleg (wave 4) from here before the final impulse wave (wave 5) hit next week!US bit oversold and showing positive divergence...but staying short!

 

A

Edited by Argento, 08 October 2013 - 02:09 PM.

[OceanWalz]

38573 on the button... 

 

Also be aware that because IG trades 24 hours their open/close/high/low prices are different to close of day figures (J200), and that all derived stats like MA will differ slightly when using other charting programs!

 

K

think Chubby also using IG's pro-Realtime graphing wh is part of platform - hoave now called up their 'Chart' option , not their Pro-Real Time'  and there I see 38574 is the 50d SMA - thanks guys for replies - I am going to call IG and tell them to check the discrepancy

[OceanWalz]

me too - OW set your charts to daily (you might be on 4 hour or hourly) 

Yes , IG T40 cash on definitely daily using Simple Moving Average on Closing prices - the 50day SMA was 38830/6 

is this your settings too?

[K~~]

I have 38573? Anyone else?

 

38573 on the button... 

 

Also be aware that because IG trades 24 hours their open/close/high/low prices are different to close of day figures (J200), and that all derived stats like MA will differ slightly when using other charting programs!

 

K

[Sunesis]

This could turn very ugly for bulls, 9 days left for debt ceiling to be resolved. Every day it not resolved we should keep dropping. I wont touch a long with a pair if pliers right now

Scary stuff.

Bears need to eat too.

 

Thats why trading is not for all people.

 

Only the best make it in the business. You have to leave emotions out of trading.

Trading is for a special breed.

For very competitive people.

People who don't give up easily.

Times like these test your manhood.

 

I just hope most people don't crack in this type of pressure.

 

Focus on your dream.  

[snoop]

I have 38573? Anyone else?

me too - OW set your charts to daily (you might be on 4 hour or hourly)