31 votes
Little Master
Posted 23 April 2013 - 10:41 AM
imo its the bad US results pushing the everybody lower around 14h00 everyday. Yesterday it was Caterpillar. UK figures out just now wasn't bad but basically in par with expectations.
US futures still holding merlot but might move any way come 13h00 14h00. That will indicate move to close
The Oracle
Posted 23 April 2013 - 10:37 AM
All the negative data from EU will probably get everyone to think they will lower interest rates, but what will that really do?
IMO it will have absolutely no effect.
Alsi future
I only post my views, not advice
Advanced Member
Posted 23 April 2013 - 10:35 AM
IG SA40
Sage
Posted 23 April 2013 - 10:22 AM
Why the 
?
Think we are going to see a nice slide into friday after today, that will set us up for a very good intermediate long position, the weeklies is getting increasingly oversold...!
The probability is high that when the US have their major correction over our winter time (June-Aug) we will not correct that much and continue to grind higher into next year, where the cycles indicate that this bull since 2009 will top!
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 23 April 2013 - 10:22 AM
A short at this level is good, but support is holding (for now)
A long at this level is good, but resistance is holding (for now).
...
har har!
Seriously though... a substantial break below 33700 (J200) for a short or above 34000 (J200) for a long is at play here in determining direction, me believes!
That's why I love my binary options! I can short at 33975 and 34000 and long at 33550 and 33650. But only have the short option for now because my old friend the US futures are more merlot than cream soda at present.
The Artist
Posted 23 April 2013 - 10:19 AM
Think we are going to see a nice slide into friday after today, that will set us up for a very good intermediate long position, the weeklies is getting increasingly oversold...!
The probability is high that when the US have their major correction over our winter time (June-Aug) we will not correct that much and continue to grind higher into next year, where the cycles indicate that this bull since 2009 will top!
A
"Never never never give up!"
Sage
Posted 23 April 2013 - 10:17 AM
A short at this level is good, but support is holding (for now)
A long at this level is good, but resistance is holding (for now).
... 
har har!
Seriously though... a substantial break below 33700 (J200) for a short or above 34000 (J200) for a long is at play here in determining direction, me believes!
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Master
Posted 23 April 2013 - 10:11 AM
in light of L's logic above and that its capital preservation (on my account size!) is more important than profit - I am now each day going to use the analogy of surfing conditions before entering the market - like going into the surf - To me there are times of clear or turbulent conditions, . On the times of , to me maybe not others, when there are obvious readable waves with relative predictable safety, and when the market is like that then I will enter Longs or Shorts and be at one with it and have a good profitable time - there are other times when the milling waves shake those turbulent white side washes and white horses and I feel unsure of myself and the conditions even though there are several experienced surfers perfectly reading the wave flow, fall off every now and again , smile and get back on catching another exhilarating wave - then I am much better off wishing I was in the water but stay sitting watching the surf - maybe tomorrow maybe next week I would be able to ' read' the conditions satisfactorily - and I will be still be alive and uninjured - meanwhile busy learning from watching the more experienced here. Thanks guys
Sage
Posted 23 April 2013 - 09:41 AM
Note 2 to self: This is where MM (and ALSI 
) makes its money, just before such huge tipping points (if tipping point at all). Unless you have the money to ride into the tipping point, it is like catching the proverbial knife. You just don't know when. The volatility indices, when volatile, points to big up and down swings (that is why it is called volatility and not weakness).
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 23 April 2013 - 09:37 AM
Yip, on IG markets will be 32500
A
Now i should listen and stick to your advice, was warned yesterday and got burnt. What is the turning point still 32700 ?
"Never never never give up!"
The Artist
Posted 23 April 2013 - 09:36 AM
Very volitile due to the VIX.
US showed strong negative divergence with yesterday's rally so they too are near the tipping point!
Holding on to my shorts here!
A
"Never never never give up!"
Sage
Posted 23 April 2013 - 09:30 AM
Note to self: Do not buy into shorts now (yet). There is no guarantee. Read the charts and take cue from there.
Tuesday's are known to ramp-up the AM, and to fall in the PM (if fall at all).
ALSI is go-green atm! It might change, but no empirical guarantee. Buy into the chart and trends.
End note to self.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Master
Posted 23 April 2013 - 09:29 AM
argh! short got stop lossed at 33786 J200
probably go down now!
Sage
Posted 23 April 2013 - 09:28 AM
A Hope we will fall like yesterday not looking good now
IG CASH
Sage
Posted 23 April 2013 - 09:18 AM
Yip, this should be the final impulsive leg down that kicked off yesterday!
Charts suggest more pain today and tomorrow!
If short stay short, wait for the reversal candle before going long!
A
Adding shorts!
A
Now i should listen and stick to your advice, was warned yesterday and got burnt. What is the turning point still 32700 ?
IG CASH
The Artist
Posted 23 April 2013 - 09:15 AM
Adding shorts! 
A
Yip, this should be the final impulsive leg down that kicked off yesterday!
Charts suggest more pain today and tomorrow!
If short stay short, wait for the reversal candle before going long!
A
"Never never never give up!"
The Artist
Posted 23 April 2013 - 09:10 AM
Thanks N
well done boys... A, J and all those that have made merry.
"Never never never give up!"
The Artist
Posted 23 April 2013 - 09:09 AM
Yip, this should be the final impulsive leg down that kicked off yesterday!
Charts suggest more pain today and tomorrow!
If short stay short, wait for the reversal candle before going long!
A
China PMI down.
Think we might have another down day, led by resources.
"Never never never give up!"
The Oracle
Posted 23 April 2013 - 08:55 AM
China PMI down.
Think we might have another down day, led by resources.
Alsi future
I only post my views, not advice
Sage
Posted 23 April 2013 - 08:41 AM
well done boys... A, J and all those that have made merry. you make me proud
