35854 replies to this topic

[Lekkerry]

You seem very astute, but I am not 100% convinced of an up-break.

 

Well, the line is drawn, roll-on US!

 

Chances are it will break upwards, which will hurt my heart painfully.

I need a dip. I don't trade without dips.

 

Give me a Dip or call me Dipman

[Trainee Trader]

Chances are it will break upwards, which will hurt my heart painfully.

I need a dip. I don't trade without dips.

 

Give me a Dip or call me Dipman

 

Let's formalise it then. Change your profile name from Sunesis to Dipman! 

 

Maybe you could get some financial indicator or symbol and dress it in a cape, so you can look the part too. 

[Sunesis]

[for the 18 lurkers and those not posting that often anymore]

 

Psst, don't let the MM know, but it seems 39450/480 is the ceiling today. bonce off it = short, break above it = long.

Chances are it will break upwards, which will hurt my heart painfully.

I need a dip. I don't trade without dips.

 

Give me a Dip or call me Dipman

[Lekkerry]

[for the 18 lurkers and those not posting that often anymore]

 

Psst, don't let the MM know, but it seems 39450/480 is the ceiling today. bonce off it = short, break above it = long.

[Sunesis]

Closed my long for 200points.

Its was a nice dip buy

 

Will buy again when US opens.

Just hopes it dips again on US open.

 

Cheers to keep buying the dips

[Ninja]

we learn everyday...... today i learned the word "furloughed"..... lol

[Argento]

A shutdown is good for the market. Its just confirms that FED wont taper in October. How can they taper one month after shutdown.

It also means debt ceiling will be raised. Then the markets will rally.

 

Smart money is already in buy positions.

Barclays just took a big ong on the DAX and FTSE yesterday. The DAX is already op today.

I agree with you, but corrections happen within the uptrend and we are in one now..so if you can take a -700 points on the chin and ride it out why not!

 

October going to be very choppy, weekly MACD too overbought!

 

A

[OceanWalz]

SAB,NASPERS,RICHEMONT are resposible for 25% of the 40% rise in the ALSI. Which means the other stocks are rubbish.

 

Anyone of the three stocks get effected it becomes a stock market problem.

I means if SAB,NASPERS, RICHMONT had to have a bad day. the market wont go up.

FTSE also unhappy today , Billiton also lower 

[Sunesis]

I also agree with Sunesis here. The down move today is mostly due to SAB.

I've attached an INET excerpt showing the contribution of the Top 10 stocks on today's move...

However, loads of other factors may still play out beyond today.

Redeemer, i like that list. If makes my job to explain easier.

Brilliant stuff

[Argento]

A..I know you follow charting but any chance the charts are skewed because of market events?

Chubs,

 

Nope, charts predict future awaits..know it sounds insane, this 'shutdown" and the debt ceiling will keep investors at bay, but just a healthy pullback within the uptrend, that 38800 IG should be good support, but the B leg up should commence soon due to seasonality before the last leg down.

 

Just my theory, let the charts show the way...

 

A

[Redeemer]

I also agree with Sunesis here. The down move today is mostly due to SAB.

I've attached an INET excerpt showing the contribution of the Top 10 stocks on today's move...

However, loads of other factors may still play out beyond today.

 

SAB,NASPERS,RICHEMONT are resposible for 25% of the 40% rise in the ALSI. Which means the other stocks are rubbish.

 

Anyone of the three stocks get effected it becomes a stock market problem.

I means if SAB,NASPERS, RICHMONT had to have a bad day. the market wont go up.

 

Attached Files

•  20131001_J200 MOVE_INET.xlsx   9.11KB   26 downloads

[Sunesis]

Billton? MTN?

MTN and Billiton play a role but not as big as the others

[Sunesis]

S I seriously doubt we are down just because of SAB..Granted a 11% weighting

SAB,NASPERS,RICHEMONT are resposible for 25% of the 40% rise in the ALSI. Which means the other stocks are rubbish.

 

Anyone of the three stocks get effected it becomes a stock market problem.

I means if SAB,NASPERS, RICHMONT had to have a bad day. the market wont go up.

[Sunesis]

I'm sticking to the charts!

 

My 2c is a bounce starting tomorrow into early next week due to seasonality...then back down again for the target 38800ish (IG) around the 17th, then backup up for new highs!

 

Let's see how it pans out, all MACD's turned down and we got a 15min, 30min and 60min bearish crosses so bears are in control for now!

 

A

A shutdown is good for the market. Its just confirms that FED wont taper in October. How can they taper one month after shutdown.

It also means debt ceiling will be raised. Then the markets will rally.

 

Smart money is already in buy positions.

Barclays just took a big ong on the DAX and FTSE yesterday. The DAX is already op today.

[Argento]

Just remember that the market is only down because of SAB strike. SAB weighs a lot on the ALSI. 

Once that is solved, we are bullish again. But i like the dip. gives a me chance to make more money

 

This market has went trough wars, tapering, strikes, shutdown, corruption. But it still goes up.

I'm sticking to the charts!

 

My 2c is a bounce starting tomorrow into early next week due to seasonality...then back down again for the target 38800ish (IG) around the 17th, then backup up for new highs!

 

Let's see how it pans out, all MACD's turned down and we got a 15min, 30min and 60min bearish crosses so bears are in control for now!

 

A

[Sunesis]

Just remember that the market is only down because of SAB strike. SAB weighs a lot on the ALSI. 

Once that is solved, we are bullish again. But i like the dip. gives a me chance to make more money

 

This market has went trough wars, tapering, strikes, shutdown, corruption. But it still goes up.

 

 

 

[Sunesis]

Im putting the bouce off 39180 into play..I think sentiment has driven us lower but it might just be noise

That's a good plan.

 

Just make sure you manage your money in a way that you can take a 500 point loss. That way you don't hit stops more often. It increases you chance to make money.

[Argento]

Argento don't bail out on your bull market. You are the Bulls Ambassader.

Incourage the bulls to keep fighting.

 

Just know where to buy the dip.

 

http://www.youtube.c...h?v=AM9V9GEjoy4

 

Dip buyers will enjoy the ride soon.

 

I'm already in

Agree the bull will rise again...but think we are in for a 500ish point more weakness...zig zag down of course, if a month starts of red then red to follow...think only when the debt ceiling deficit are over (17th) we together with US will rock and roll higher again..!

 

Going to sit this one out, if we see a rally backup to the downtrend line then I will short!

 

A

[Sunesis]

Argento don't bail out on your bull market. You are the Bulls Ambassader.

Incourage the bulls to keep fighting.

 

Just know where to buy the dip.

 

http://www.youtube.c...h?v=AM9V9GEjoy4

 

Dip buyers will enjoy the ride soon.

 

I'm already in

[Sunesis]

^{Out of my longs...when this happen on the 1st normally not a good sign to come..and weeklies got a nasty reversal candle!}  

 

^A

Buy the dip