In the morning, stocks had rallied after the release of Bernanke’s prepared remarks, in which he said that premature tightening in policy could strangle the economic recovery.
However, in the question-and-answer session, lawmakers tried to nail down when the Fed may taper its bond-buying program, with one official asking if it could occur before Labor Day. Bernanke responded by saying that the Fed could take a step down in the pace of asset purchases in the “next few meetings.” That comment led stocks to pare gains and pushed the market lower by early afternoon.
Will be interesting to see if the east will also take a dip later. IGM is down.
31 votes
ALSI Trades
Started by
Plasma
, Apr 03 2013 09:05 PM
35854 replies to this topic
#33721
Plasma
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- Senior Member
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- 2,286 posts
Silfen Path Wanderer
- LocationSilvergalde
Posted 22 May 2013 - 09:15 PM
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business. 
#33722
Argento
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- Senior Member
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- 3,481 posts
The Artist
- LocationJohannesburg
Posted 22 May 2013 - 09:02 PM
Our market indicating still upside left tomorrow, but the top is near!
A
A
"Never never never give up!"
#33723
bear catcher
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- Junior Member
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- 1,315 posts
Sage
- LocationPretoria
Posted 22 May 2013 - 08:48 PM
Argento is this the begining of the fall,what is the charts showing
IG CASH
#33724
zoner
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- Senior Member
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- 272 posts
Advanced Member
- LocationSouth Africa
Posted 22 May 2013 - 05:49 PM
Plus the Rand just lost 10c to the $... Poof, just like that 
gold falling like a knife through butter raced to $1410 and now at $1367.... all within an hour
Paranoid Android
#33725
HDB
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- Senior Member
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- 5,229 posts
The Oracle
- LocationBy the sea
Posted 22 May 2013 - 05:46 PM
Finally... Mr Gold "pulling" finger !
This was the market maker playing his usual games during Bens speech by shooting it above 1400 and then quickly above 1410 to take out the short stops..
and now it goes back to "fair value" at 1380!!!
As i mentioned in the CFD calls thread, resources are building up for a nice short and ....... down they went!!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
#33726
zoner
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- 272 posts
Advanced Member
- LocationSouth Africa
Posted 22 May 2013 - 05:45 PM
Bugger
U jingzed it .....
Paranoid Android
#33727
Beorn
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- Senior Member
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- 3,219 posts
The Oracle
Posted 22 May 2013 - 05:26 PM
What an idiot Bernanke, "He hopes interest rates will get higher in the near term." He is keeping it down with the bond purchases. What a dunce.
He also called the markets "frothy" the same word he used for home prices in the US before the big crash. Hahahaha, is this a warning?
Alsi future
I only post my views, not advice
#33728
Ninja
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- Senior Member
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Sage
- LocationJapan
Posted 22 May 2013 - 05:08 PM
gold falling like a knife through butter raced to $1410 and now at $1367.... all within an hour
#33729
jaDEB
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- Senior Member
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- 2,951 posts
jaDEB
Posted 22 May 2013 - 04:47 PM
Finally... Mr Gold "pulling" finger !
U jingzed it ..... 
jaDEB
I got my heebie-jeebies in a hidden bag
Oasis
I got my heebie-jeebies in a hidden bag
Oasis
#33730
Argento
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- Senior Member
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- 3,481 posts
The Artist
- LocationJohannesburg
Posted 22 May 2013 - 04:39 PM
I'm back in with my longs, still got that zig zag up top to make...!
A
"Never never never give up!"
#33731
bear catcher
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- Junior Member
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- 1,315 posts
Sage
- LocationPretoria
Posted 22 May 2013 - 04:26 PM
Argento looks like we still lag behind even with gold climbing I think we could se a down move from now what your thoughts
IG CASH
#33732
Argento
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- Senior Member
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- 3,481 posts
The Artist
- LocationJohannesburg
Posted 22 May 2013 - 04:25 PM
Smiling big time A?
"Never never never give up!"
#33733
zoner
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- Senior Member
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- 272 posts
Advanced Member
- LocationSouth Africa
Posted 22 May 2013 - 04:25 PM
Finally... Mr Gold "pulling" finger ! 
Paranoid Android
#33734
Beorn
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- Senior Member
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- 3,219 posts
The Oracle
Posted 22 May 2013 - 04:23 PM
taken profit @ 37390
Closed long @ 37630
Alsi future
I only post my views, not advice
#33735
Plasma
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- Senior Member
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- 2,286 posts
Silfen Path Wanderer
- LocationSilvergalde
Posted 22 May 2013 - 04:18 PM
Smiling big time A? )
)
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
#33736
Argento
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- Senior Member
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- 3,481 posts
The Artist
- LocationJohannesburg
Posted 22 May 2013 - 04:18 PM
Out with my longs, yummy!
A
"Never never never give up!"
#33737
Beorn
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- Senior Member
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- 3,219 posts
The Oracle
Posted 22 May 2013 - 04:05 PM
Bam! Helicopter Ben strikes again!
No letting off on QE.
Alsi future
I only post my views, not advice
#33738
Plasma
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- Senior Member
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- 2,286 posts
Silfen Path Wanderer
- LocationSilvergalde
Posted 22 May 2013 - 03:57 PM
Missed that bottom to have gotten back in ....
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
#33739
Argento
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- Senior Member
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- 3,481 posts
The Artist
- LocationJohannesburg
Posted 22 May 2013 - 03:54 PM
Come tomorrow morning we're going to spike back up and continue (possibly a quick backtest of this consolidation) climbing, maybe that top comes tomorrow for next weeks lekke drop (back to the previous double top highs)!
Still sitting with my longs! 
A
Has the market decided which way to move - pre Bernanke - or is this fickle? Anyone got a clue. Sorry for keeping on seeking advice. P.S - bought that spade so time to dig my way out of the hole.
"Never never never give up!"
#33740
PeterL
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- Members
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Newbie
Posted 22 May 2013 - 03:44 PM
Has the market decided which way to move - pre Bernanke - or is this fickle? Anyone got a clue. Sorry for keeping on seeking advice. P.S - bought that spade so time to dig my way out of the hole.
