35854 replies to this topic

[Plasma]

Any dividends on IGM today?

[Plasma]

Closed ALSI long for 260 points profit

That is a good one!!

[Plasma]

Speculative short @ 34 495.

[ClockworkOrange]

Closed ALSI long for 260 points profit

[Argento]

Major bear downtrend line breached, so bulls are back!

 

A

[JBlack]

Yes! Can almost take profit now.... Going to look to enter 34300 for another buy

Okay I have got buys in at 34100 and 34150. Looking for Top40 to stay above that....

[Argento]

And long it is, sitting tight till target 36000, then will join the shorts club again!

 

Looks like a hanging man forming and means Monday to rock and roll to the upside!

 

A

[massimo]

Think im the only one holding onto my short ....

 

Will wait till 14:30 before i cut my losses.

[Lekkerry]

We would ALL be short (market position wise) and smiling, that is where we would have been without QE!

 

It would be interesting to know where markets would be today if QE had never taken place and the more difficult route had been followed.

[Sam]

Right shoulder not completed yet, so needles to say neckline still intact. I think the guys following you will have to lick there wounds, as I suspect some of them trade CFD and futures, ,shame

Don't feel too bad Argento, I called UP today and played myself right out of the game even before it started. ( gotta be less impulsive.....Grrrr)

Imo Jake is correct in his take on QE. As long as more and more money is pumped into the system, so the rickety house of cards manages to stay propped up and then some. I would imagine that because of this prolonged easing, that historical/ seasonal cycles would be knocked out of kilter.

Lekkerry's observation, that the effect of current easing measures or supposed "good news" appear to have less of an effect and shorter in effective duration is a sure sign that this will come to an end shortly, one way or another.

It would be interesting to know where markets would be today if QE had never taken place and the more difficult route had been followed.

[Beorn]

Short @ 34580

[Beorn]

Ok, that's me, out of my shorts, all the signs are there but still she climbs, guess we had our impulsive down move with that drop in gold.

 

Guys were right that spotted the inverted H&S, well done, looks like a target to 36000 before she turns down again!But new highs on the table after the August low!

 

Gonna be a bumpy winter...

 

Need to lick my wounds now!

 

A

 

Right shoulder not completed yet, so needles to say neckline still intact.

 

I think the guys following you will have to lick there wounds, as I suspect some of them trade CFD and futures, ,shame

[JBlack]

UK Services PMI better than expected. Up we go...

[Argento]

Ok, that's me, out of my shorts, all the signs are there but still she climbs, guess we had our impulsive down move with that drop in gold.

 

Guys were right that spotted the inverted H&S, well done, looks like a target to 36000 before she turns down again!But new highs on the table after the August low!

 

Gonna be a bumpy winter...

 

Need to lick my wounds now!

 

A

[JBlack]

Okay I have got buys in at 34100 and 34150. Looking for Top40 to stay above that....

[Lekkerry]

Jakes and his QE tsk tsk tsk 

 

 Jakes and his QE does alter things!

[Argento]

Took my one bearish clove off!

 

Must admit, charts starting to look bullish, will cut once she goes through that bear downtrend line, about 150 points up!

 

Don't like this early weakness and recovery, most of the times showing some strengh coming..!

 

Just so frustrating, US in the topping cycle and their November leg up is getting insane, but guess Jakes and his QE does alter things!

 

A

Guys rand strengthening, MPC back above R130....foreigners back into our market bigtime... Overall can only go up!!

Argento check your system again as I cannot believe we will have a major pullback again unless Euro crap starts again!! Very good results out of USA too!!Resources also seem to have found some support at these low levels..

[HDB]

Guys rand strengthening, MPC back above R130....foreigners back into our market bigtime... Overall can only go up!!

Argento check your system again as I cannot believe we will have a major pullback again unless Euro crap starts again!! Very good results out of USA too!!Resources also seem to have found some support at these low levels..

Edited by HDB, 03 May 2013 - 09:53 AM.

[Lekkerry]

<flutter flutter> I am a trader then, as I am also confused! 

 

So thus we wait. Below 34200 (actually 34000 would be better) = short and above 34400 = long for today.

 

Hi Lekkerry,

 

The market is doing what it does best, confusing the crab out of traders!

 

Today is important and will show us if that inverted H&S is valid or also maybe a double top pattern..?

 

She is still under her major bear downtrend line and you are right with May being bearish, so mr market will have to show us today!

 

A

[JBlack]

For those interested, the Norwegian PMI Manufacturing came in lower than expected.....