35854 replies to this topic

[Lekkerry]

So ALSI dropped out of the bull-channel. Struggling to re-enter. 36850 (J200) is the re-enter point (within the next hour and a bit) if it was a false break-out. As it stands there is also now a strong resistance level (for longs) at the 36777 level that ALSI needs to scale. Not sure if there is enough conviction to rise above this.

 

The irony is, three days ago, ALSI was literally over-the-moon with highs and today it seems that it is taking much strain (at a level higher than three days ago)! 

 

Drew a bull-channel as of beginning May 2013 and in the current channel, unless ALSI drops below 36800 region (J200) this week, 38000 is not off the beaten track on the current trajectory during next week.

 

The above is purely subjective in light of day x Mr Fed-mini says QE might be tapered then day y, Mr Fed-max says no tapering in the near future.

[Argento]

This looks more to a sell signal to me, so the top might be in!

 

But still expecting a good bounce back to the 37500ish (forexpros) level before turning down again!

 

So I'm adding longs and will go short if she gets there....

 

A

Right again, Argento. There does seem to be some buying into weakness here. What is your thought on the level for the top? 38000?

[K~~]

Right again, Argento. There does seem to be some buying into weakness here. What is your thought on the level for the top? 38000?

I'm staying long, our top not in yet and this weakness will be bought into!

A

[Hit & Run]

Nice One

Out of short for 350 point profit..

[K~~]

Out of short for 350 point profit..

[Plasma]

DJ Futures down > 1%. If it stays like that, then assume probability of us seeing more red this afternoon is good.

[bear catcher]

I'm staying long, our top not in yet and this weakness will be bought into!

A

Hi A have to differ with you on this, i think bwe is more likely today than up trend,i might be wrong but following the trend

[Plasma]

I'm staying long, our top not in yet and this weakness will be bought into!


A

I will buy into DWE, but if I can get a ride down with DWW today, will take that.

[ClockworkOrange]

There was no way to get an entry - dropped by 1.5% right at the start, time to look for shorting the bounces I think

[AJS]

Sheesh... See the Topix took a nosedive! Good luck out there, it is like trying to balance on a tightrope and you know you are going to tip and fall but your hands are waving wildly to keep you up there.

[K~~]

Hope the Rand doesn't come to crash my short party...

[zoner]

Hopefully this will be good for gold bugs...

Nikkei 7% down as of now

[HDB]

     

 

I'm staying long, our top not in yet and this weakness will be bought into!

A

[ClockworkOrange]

Looks like a Hanging Man candle on the daily chart

 

 South Africa 40 Futures(Daily)20130523082224.png   40.79KB   16 downloads

[ClockworkOrange]

China PMI < 50. East very red. Looks like a short day. Nikkei 4.1% down.

Nikkei 7% down as of now

[K~~]

We may retest the breakout @ 36500 at some stage. I think we will reach it this morning.

[Argento]

I'm staying long, our top not in yet and this weakness will be bought into!

A

[bear catcher]

EuroPe allso red I think we will allso take a tumble asia did not go for gold as gold is flat atm, just the rand that could limit our fall my amateurish thoughts only.Argento what do you think the drop can be maybe target of 36400 or 35800 ????

[Plasma]

China PMI < 50. East very red. Looks like a short day. Nikkei 4.1% down.

[bear catcher]

Thanks argento will look carefully tomorrow am before getting in