31 votes
Sage
Posted 10 May 2013 - 11:43 AM
35700 is seemingly holding, but continually pulling ALSI down to it .
Opinions please: the longer a support holds (but continually drags ALSI down back to it), what is the consensus, is this a bearish or bullish sign. My opinion: it is bearish (but needs a catalyst), almost as if the market is running out of steam.
If stubborn ALSI breaks thróugh 700 yes! Ugh, seems to be holding. At this rate, up it goes tomorrow then. No position now is also a real position
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Advanced Member
Posted 10 May 2013 - 11:22 AM
Looks like we are already on a down down... must be Phuza Friday! 
The Artist
Posted 10 May 2013 - 10:38 AM
Hi bc,
Attached is the channel she is currently traveling in, I would only get really bearish if she breaks out of it convincingly, look how she touched it and bounced, changes are good for her to continue north to the upper line again before coming down!
Hope it helps!
A
Argento why the change to long still a amateur but trend was more down and us allso down what will give the long momentum or is it because the market did not really go down as we all thought would be the case as the us backed down.can you give me some insight
"Never never never give up!"
Master
Posted 10 May 2013 - 10:20 AM
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
The Artist
Posted 10 May 2013 - 10:03 AM
Yip, and that is why you have to ride it by sitting tight, trying to catch the up and down moves (scalping) within will let you miss it!
Cycle low is in beginning August so watch that legend 32700 target! 
A
So equities ARE in for a big whack soon then (barring QE euphoria,a s you say), if the Ausie$ remains the measuring stick. Catching that train is very difficult though
Makes sense, ta!
"Never never never give up!"
Sage
Posted 10 May 2013 - 09:55 AM
So equities ARE in for a big whack soon then (barring QE euphoria,a s you say), if the Ausie$ remains the measuring stick. Catching that train is very difficult though
Makes sense, ta!
Hi Lekkerry,
The Aussie dollar is a leading indicator for asset classes as it tends to lead before the price gets affected, if you look in March she started to go down 2 weeks before our market actually turned down, the same in this case!
Second half of May and June there will be blood on the streets. will have your oversold bounces but that is one ride down you want to catch, this euphoria QE phase currently in the US ends with a crash, history repeats itself in this game unfortunately!
A
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
The Artist
Posted 10 May 2013 - 09:52 AM
Hi Lekkerry,
The Aussie dollar is a leading indicator for asset classes as it tends to lead before the price gets affected, if you look in March she started to go down 2 weeks before our market actually turned down, the same in this case!
Second half of May and June there will be blood on the streets. will have your oversold bounces but that is one ride down you want to catch, this euphoria QE phase currently in the US ends with a crash, history repeats itself in this game unfortunately!
A
Hello Argento.
I am also keen on the Aussie$ movement, but unfortunately it is not an indicator atm, as it has really been knocked the past couple of days, yet ALSI goes up. Do you really still believe it is indicative atm?
"Never never never give up!"
Little Master
Posted 10 May 2013 - 09:49 AM
Right hedged with a buy at 35700.
Little Master
Posted 10 May 2013 - 09:46 AM
Sell at 36100 just as it turned down again. Will hedge with buy when it goes up again and watch until it settles in pattern from here. This hovering in an 80 point range whole day only to move 400 points in the arvie is not cool....
Sage
Posted 10 May 2013 - 09:41 AM
Hello Argento.
I am also keen on the Aussie$ movement, but unfortunately it is not an indicator atm, as it has really been knocked the past couple of days, yet ALSI goes up. Do you really still believe it is indicative atm?
If I am looking at what the Aussie dollar is doing watch down below folks!!
A
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Little Master
Posted 10 May 2013 - 09:41 AM
At least my trading range offered by IG today is slightly better. Will stay wide and both sides to hedge. Although it looks as if it wants to go large today. Those fully cream soda US futures makes for up reading
The Artist
Posted 10 May 2013 - 09:38 AM
I'm afraid the bulls got the bears cornered...looks like an inverted H&S forming to push her into Jakes new high come Monday/or today..! 
She should start loosing momentum next week and crawl upwards to create negative divergence on the 5 hour chart and for her final top, before the last nasty leg down of this correction starts into August..
If I am looking at what the Aussie dollar is doing watch down below folks!!
A
"Never never never give up!"
Sage
Posted 10 May 2013 - 09:20 AM
remember we were higher than this (36081) at 15.30 yesterday... and jakes was testing 36200, so longs be quick
Sage
Posted 10 May 2013 - 09:07 AM
The theme song for May2013: "I believe I can fly".
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Sage
Posted 10 May 2013 - 08:35 AM
one for the bears... 30 min chart possible h&s
Sage
Posted 09 May 2013 - 09:00 PM
IG CASH
Member
Posted 09 May 2013 - 08:45 PM
Rand/Dollar is rangebound...doesn't know if it wants to be 8.99 downward trend or 9.01 upward trend.
Something has to give. Which way is this gonna go?
I think we'll head back to 9.10-9.15 next week. It's been a little stubborn against the Euro pull back but expect it will follow...
The Artist
Posted 09 May 2013 - 08:20 PM
"Never never never give up!"
Advanced Member
Posted 09 May 2013 - 08:15 PM
Rand/Dollar is rangebound...doesn't know if it wants to be 8.99 downward trend or 9.01 upward trend.
Something has to give. Which way is this gonna go?
Edited by zoner, 09 May 2013 - 08:17 PM.
Sage
Posted 09 May 2013 - 06:53 PM
IG CASH
