35854 replies to this topic

[Argento]

^{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

[Beorn]

Neckline broken, I'm short @ 39630

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[Trainee Trader]

All depends on which number the little white ball stops at.

Red or Black

 

Lol  Sounds about right, certainly does look that way. I'll wait until equities market opens.

Edited by Trainee Trader, 01 October 2013 - 08:46 AM.

[gamma]

Any opinions on how our market will open today?

 

All other markets looking green today. Seems the RED experienced yesterday was factoring in US shutdown. That ship has now sailed, so do we continue the uptrend?

 

 

All depends on which number the little white ball stops at.

Red or Black

[Trainee Trader]

Any opinions on how our market will open today?

 

All other markets looking green today. Seems the RED experienced yesterday was factoring in US shutdown. That ship has now sailed, so do we continue the uptrend?

Edited by Trainee Trader, 01 October 2013 - 08:34 AM.

[Trainee Trader]

Any opinions on how our market will open today?

 

All other markets looking green today. Seems the RED experienced yesterday was factoring in US shutdown. That ship has now sailed, so do we continue the uptrend?

[AJS]

but in all seriousness, what hasnt been mentioned is that these increasing self imposed fiscal risks to the US economy is only increasing the likelihood that the Fed will need to maintain QE for a longer than expected, and that is not priced into EMs yet so do not be surprised if we see a rally, counter to conventional wisdom 

 

Agreed! This is more likely to keep tapering off the table for now!

[gamma]

Right then! so that explains why Asia is mostly up!

 

but in all seriousness, what hasnt been mentioned is that these increasing self imposed fiscal risks to the US economy is only increasing the likelihood that the Fed will need to maintain QE for a longer than expected, and that is not priced into EMs yet so do not be surprised if we see a rally, counter to conventional wisdom 

[gamma]

US Senate votes 54-46 to reject House bill that funds government and delays Obamacare; bill goes back to House..Looks like we gonna wait until the final hour

 

Right then! so that explains why Asia is mostly up!

[K~~]

Bloomberg scaring the hell out of my longs... Notice how nobody is talking about gold... Should this thing implode... Maybe locking in some gold longs first thing tomorrow isn't a bad idea?

What are you trading, Ninja?

Gold miners are in the process of basing right now. Going long may work, but your S/L will have to be tight.

Newgold's link to the rand makes things quite unpredictable and volatile.

If you trade offshore, it starts looking like a proposition.

That said, I'm suspicious of gold. It may take another leg south to $1150 or so, before staging a real comeback. Interest rates are still very low and inflation not yet an issue.

My 1c...

K

[K~~]

Nobody is talking about anything on this thread anymore

Comments on this thread has been suspended due to impending US shutdown. Please check back when dollars start flowing again.

[Ninja]

Bloomberg scaring the hell out of my longs... Notice how nobody is talking about gold... Should this thing implode... Maybe locking in some gold longs first thing tomorrow isn't a bad idea?

[gamma]

Seems these events pose less of a risk than they appear to

at least according to MW

http://www.marketwat...arts-2013-09-27

[Ninja]

advice to self... enter longs in stages each day.... don't get in all at once...  coz she could dip deeper before bouncing. that being said i'm 30% long... 20 % short and 50% cash 

[Argento]

Spot on N!I'm adding longs here!

A

Tiny positive divergence creeping in (30min)...but tomorrow make or break!

 

If tomorrow is red then we are in for a more serious correction, if not gonna aim for the stars!

 

A

[Olymphia]

Im also looking to play the long but i think we maybe 200 points from the bounce still

Chubby

 

Thanks for all your great posts.

 

Are you looking at a bounce around the 39150 region.

 

Thanking u in advance.

 

O

[Argento]

Now we know why Ben didn't taper QE .. Coz he knew prospect of govt shutdown would do the same trick.. Worst case, US govt shutdown for a couple of hours then agreement and one hell of a rally!! Looking to cover some shorts today!

Spot on N!I'm adding longs here!

A

[bear catcher]

Well I hope somebody took my advice.

[bear catcher]

This ALSI is stubborn, not coming down I concur I will be long as this market will not go down if all this news and US dramas don't make it drop then nothing will. So long for me until 40500 before even thinking about short again. OK guys there you have it I am long so guys short the **** out of the ALSI you will make a fortune LOL

[Ninja]

Now we know why Ben didn't taper QE .. Coz he knew prospect of govt shutdown would do the same trick.. Worst case, US govt shutdown for a couple of hours then agreement and one hell of a rally!! Looking to cover some shorts today!