31 votes
The Artist
Posted 07 October 2013 - 02:56 PM
Just be careful..If the US breaks 1680 it could get very very red. Thursday it broke support and we went down to 39000 from 39250. We are now on 39000 so if SP500 breaks that, its gonna fall hard as it found support at 1680 on Friday, but that level will be invalidated when it breaks it again
Yip, don't know why I have this feeling US going for that 1628 major support come the 17th...then bounce hard!
A
"Never never never give up!"
Sage
Posted 07 October 2013 - 02:42 PM
Today feels like on of those days where no-one is right, nor is anyone wrong! A wait-'n-see day.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Sage
Posted 07 October 2013 - 01:43 PM
Bought the ******* dip yippee
IG CASH
Advanced Member
Posted 07 October 2013 - 12:35 PM
Ok, long at 38913, IG. Looking to add more longs if we manage 38800.
Will hedge with a short, if 38800 does not hold.
"Veni, vidi, vici"
Posted 07 October 2013 - 11:50 AM
I'm in both MTN and VOD, and i think we're in for a hellish ride (short-term). But for someone who's been in from R176 (MTN), and R112 (VOD), i'll hold still because i believe the share prices will bounce back in no time. VOD will announce results in Nov, and i expect these to be good since these cuts will take time to be effected, and to impact the profitability of these companies.
I think this will blow over, and I remain optimistic about the future of both Companies
in a nutshell - agreed
“melior diabolus quem scies”
Member
Posted 07 October 2013 - 11:48 AM
chubbs, i'm in vod..think there's more pain to come
...can't see mtn being impacted as much as vod
I'm in both MTN and VOD, and i think we're in for a hellish ride (short-term). But for someone who's been in from R176 (MTN), and R112 (VOD), i'll hold still because i believe the share prices will bounce back in no time. VOD will announce results in Nov, and i expect these to be good since these cuts will take time to be effected, and to impact the profitability of these companies.
I think this will blow over, and I remain optimistic about the future of both Companies
Edited by WINH, 07 October 2013 - 11:49 AM.
"Veni, vidi, vici"
Posted 07 October 2013 - 11:35 AM
Zero Hedge made a post regarding that announcement..think it was around 4.00pm Fri afternoon
“melior diabolus quem scies”
"Veni, vidi, vici"
Posted 07 October 2013 - 11:24 AM
Anyone holding MTN and Vodacom shares on Friday? When did you try and exit the door after you heard what ICASA had to say?
chubbs, i'm in vod..think there's more pain to come ...can't see mtn being impacted as much as vod
“melior diabolus quem scies”
Master
Posted 07 October 2013 - 11:11 AM
What is this? The bears taking the stairs down this time?
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Member
Posted 07 October 2013 - 10:59 AM
Trading by emotion and/or expectation is a pocket emptying certainty.
Advanced Member
Posted 07 October 2013 - 10:49 AM
Looking for 38800-ish to go long.
Lots of crossing on MA's on a quite few time frames on a many charts. How much is induced by market fundamentals and how much is induced by the US fiscal issues. Looks like its shaping up to be an all time high on a long me thinks
The Artist
Posted 07 October 2013 - 10:11 AM
No no, by all means, keep it rolling!
Just for you...DOW made a daily bearish cross and will be confirmed with the open..so more red to come! 
A
"Never never never give up!"
Sage
Posted 07 October 2013 - 10:05 AM
No no, by all means, keep it rolling!
Ok, enough bear talk for one day!
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
The Artist
Posted 07 October 2013 - 10:02 AM
Does not look good for the FTSE, broke her daily 200 moving average and close to the August low being taken out, just made a 30min bearish cross so the red hanger sale might just open today!
A
And last but not least..look at the monthly gravestone doji candle..so all pointing to a bloody October!
Ok, enough bear talk for one day! 
A
"Never never never give up!"
Sage
Posted 07 October 2013 - 09:55 AM
Had finger trouble this AM, but it seems I am not the only one! I like my MM platform:
Running 2 legacy longs
Enter 3 shorts (to hedge plus 1) - Did not click FORCE OPEN – my bad
= 1 active short (check)
Add another 2 shorts (after the second attempt, as the first attempt noted a margin constraint)
Looking at my tally now, I have 5 shorts (all well in the money).
Roll on red Monday!
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
The Artist
Posted 07 October 2013 - 09:47 AM
Charts:
FTSE: Hovering above its daily 200 moving average, if she goes through watch down below!
DOW: Broken her weekly 21 moving average and RSI resting on the 0 line, if that breaks watch down below!
ALSI: Resting on her 21 daily, if that goes watch down below!
We are indeed at an important inflection point..
A
Does not look good for the FTSE, broke her daily 200 moving average and close to the August low being taken out, just made a 30min bearish cross so the red hanger sale might just open today! 
A
"Never never never give up!"
Member
Posted 07 October 2013 - 09:41 AM
Trading by emotion and/or expectation is a pocket emptying certainty.
Advanced Member
Posted 07 October 2013 - 08:50 AM
I thought so as well..Divvy days just mess the movements up unfortunately..
U think fridays low gonna hold if we go south again?
Advanced Member
Posted 07 October 2013 - 08:22 AM
SP500 made the bounce off its 21d..I suppose investors speculated on Friday that a deal would have been struck over the weekend and climbed in. Monday should be interesting as Boehner said on Sunday that U.S. on path to default if Obama won't negotiate. We still trading on our 21d with a break below it before finding support just above it again. Any opinions on Friday's action and Mondays ranges?
Chubby
I relly expected your prediction to play through on friday.
What do u think with the above post, where we retest fridays lows.
O
Master
Posted 07 October 2013 - 07:35 AM
SP500 made the bounce off its 21d..I suppose investors speculated on Friday that a deal would have been struck over the weekend and climbed in. Monday should be interesting as Boehner said on Sunday that U.S. on path to default if Obama won't negotiate. We still trading on our 21d with a break below it before finding support just above it again. Any opinions on Friday's action and Mondays ranges?
seems Fridays closing was partly pricing in a Sunday night US resolution and now that did not happen and S&P500 Futures down to 1673 and IG on their formula for our T40 & futures also down. I am wary bec I feel same scenario is just going to repeat, not a crash but a good buying opportunity close to our Friday lows again being reached. going short there is too dangerous for me as a sudden positive announcement would hurt big very suddenly! so loose range playing is indicated - then someone says something reconciliatory and up we go then it is seen as manipulation and down we go. somewhere I feel it will end to a very well rewarded upside
Vix moved down - it should go up a bit again as political brinkmanship there continues. I keep watching the S&P futures. after all it is how the other investors and traders perceive the risk of the outcome - most of the scary cats have already sold but even the steady hands wil keep a watch on their risk patiently waiting for the expected logical upside resolution , For me it seemingly totally ignoring other fragile info on the market that is so ripe for a pullback separate from this current 'government closure/ debt ceiling' spat.
Edited by OceanWalz, 07 October 2013 - 07:38 AM.
