35854 replies to this topic

[JBlack]

I am trading it in a range of 400 points with the binaries today. J200 (Top40) to finish between 36350 and 36750.

 

Like I said before. It appears our local market doesn't want to go up but the US and EU are pushing. And we usually tend to follow....

[Wingnut]

Closed half @ 36640

Closed long @ 36630

Still sitting on it. Was hoping for a bounce on the other side of 36600

[Beorn]

Added @ 36550

 

Closed half @ 36640

Closed long @ 36630

Edited by Jakes, 10 June 2013 - 12:11 PM.

[icechilli]

Hi Guys

 

What do you think the effects of the futures close out be on the ALSI - It has tended to rally in the past?

[Beorn]

36525?

I got it breached @ +- 36550

Probably going to test the neckline again, but I'm not betting on it.

[Argento]

Quick and swift it was...!

 

21 made a bullish cross over the 89 on the 30min, lekke bullish so sitting tight with me longs till previous high, should take another breather then and be capped till end of June!

 

This bullishness should continue until the 19th June when Ben speaks again, and it fits in perfectly with that high before the post close-out drop, US should also come down but make a higher high!

 

A

Let the return move commence...

 

A

[Wingnut]

Inverse H&S on 5 min chart, neckline almost breached.

Going to add to long bigtime if breached.

36525?

[Beorn]

Inverse H&S on 5 min chart, neckline almost breached.

Going to add to long bigtime if breached.

 

Added @ 36550

[Wingnut]

Inverse H&S on 5 min chart, neckline almost breached.

Going to add to long bigtime if breached.

snap!

[Beorn]

Inverse H&S on 5 min chart, neckline almost breached.

Going to add to long bigtime if breached.

[Wingnut]

Is that perhaps a revers head and shoulder formation developing on the 5 minute chart?

[Beorn]

So what do you guys deduct? Was that our low for the day?

We clearly want to move lower but the EU and US markets want to drag us back up.... Your thoughts?

 

I think we have seen the low.

[JBlack]

So what do you guys deduct? Was that our low for the day?

We clearly want to move lower but the EU and US markets want to drag us back up.... Your thoughts?

[Wingnut]

Post fact Wingnut.

Hindsight is 20/20

 

For my part, I dont like reading what people did. Rather what they plan to do.

Jakes the truth is, I dont know what Im going to do at this stage. I will in all likelihood take a slightly longer term view than some of the guys on this forum who get in at 10am and get out at 11am, only to take a punt in the opposite direction later on in the day. The way its going now I would look for support on 36448 after which I would consider bailing out for the rest of the day. If it continues upward I could be hanging on to 36611 which in my opinion may be resistance and good place to take some profit. If that mark turns to support then 36700 may be a good place to sit down and rethink the whole situation, if it gets there before turning south in the short term. But at the end of the day, the market will do what the market will do and I could, like everybody else, change my mind later on, depending on how we fare.

[Beorn]

I have another buy order in @ 36481

Should she get there

 

Order in to take some profit @ 36580.

[Argento]

Let the return move commence...

 

A

Thanks Shortboy!

Tend to agree with Roundtree on some weakness today as a return move is needed from this breakout, but see us touching the highs again later this week!

A

[Lekkerry]

ALSI behaving very predictable, atm.

 

Another +- 100 points then the dailies' MA is being touched (round about 36715 J200). The fire-test comes between now and then, is there enough conviction for the bulls to break the current bearish trend. If it doesn't reach the MA by US open, the mood remains bearish <- my opinion.

 

 

 

oundtree, ... roundtree / rowntree, isn't it some sort of sweets or tea brand... anyway.

 

My perspective more or less supports your opinion. If the bias remains bearish going forward, ALSI has another +-200 points to test 36600 (J200), where-after if bearishness prevails, the candles would have reached (tested) the MA line for the BBand, back up from touching the lower band today (the 1d with my chosen indicators doesn't fail often). The touching of the lower BBand was rather quick today and as such, MACD hasn't really caught onto the price movement (which in my opinion, is good for a bearish sentiment). I concur with your sentiment that ALSI might (might) rally further up to 10:00 or 10:30 Monday.

 

All the above purely hypothetically speaking, as Mr market is irrational (has QE, will rebound) and chart techs tend to lean towards the rational.

 

The above is the peanut gallery's opinions and perspective based on today's events.

 

Graph refers: basic graph of 1d, but retest of blue arrow to red line, then if the bears can hold on, down again to newer lows. Red circles = bearish traits.

Edited by Lekkerry, 10 June 2013 - 09:39 AM.

[Plasma]

Great....I bought 437 units at 437. Just great.

[Beorn]

If the ZAR keeps getting beaten like this, food inflation will be terrible, the masses will get very hungry and social unrest will follow.

[Beorn]

Stoped out of long, but back in @ 36550

 

I have another buy order in @ 36481

Should she get there