35854 replies to this topic

[bear catcher]

Hello bmk8546 (we could really do with an easier handle!) 

 

A long at that position is not well placed, yes. Your plan of action really depends on your situation, your account size and how well you read the charts. My opinion (and please read the disclaimer on my account-name signature!):

 

You have two choices: stay and hope for the best or get out now.

You need to assess your own risk mgmt strat and adhere to it, but If you have the guts and the money (and you believe you need to or want to stick it out), set yourself a SL at +-33480 (J200). This is where ALSI stopped sliding. I do not see much of a support there on my charts, but the fact is ALSI stopped there. You can't bargain too much on the US, as ALSI has only recently started following (again) its trend to a limited degree, so no guarantee ALSI will go up this PM.

 

My take is still, 33200 (J200) is the next big stop! I might be wrong, but this is my conviction for now (it might change at any moment though, as the day progresses) - the alternative is 33700, which should catapult ALSI back to 34000 this PM

 

This is not targeted advise, just my opinion.

Thank you very much for your reply, helpful insight

[HDB]

Seems like some unconfirmed news about a bomb blast in Israel send markets plunging this morning after they opened?????

 

Anyone got news on this? If untrue we make a nice reversal up candle later today!!

[Beorn]

Long @ 33806

[Lekkerry]

Hello bmk8546 (we could really do with an easier handle!) 

 

A long at that position is not well placed, yes. Your plan of action really depends on your situation, your account size and how well you read the charts. My opinion (and please read the disclaimer on my account-name signature!):

 

You have two choices: stay and hope for the best or get out now.

You need to assess your own risk mgmt strat and adhere to it, but If you have the guts and the money (and you believe you need to or want to stick it out), set yourself a SL at +-33480 (J200). This is where ALSI stopped sliding. I do not see much of a support there on my charts, but the fact is ALSI stopped there. You can't bargain too much on the US, as ALSI has only recently started following (again) its trend to a limited degree, so no guarantee ALSI will go up this PM.

 

My take is still, 33200 (J200) is the next big stop! I might be wrong, but this is my conviction for now (it might change at any moment though, as the day progresses) - the alternative is 33700, which should catapult ALSI back to 34000 this PM

 

This is not targeted advise, just my opinion.

 

 

went long at 33660 looks like a mistake, would we see some favour to gold when us market open ,as us futures allso point south .i know this is a very amateurish or even a stupid question but need some help.

[Hit & Run]

went long at 33660 looks like a mistake, would we see some favour to gold when us market open ,as us futures allso point south .i know this is a very amateurish or even a stupid question but need some help.

Should ask Argento and Jakes.

I believe the USA will give back some of yesterdays gains since the S&P was up 1.43% same way our market is giving back. But be patient your position can still turn positive. I believe the low is close to 33400

[Argento]

Looks like she is finishing that double top target much sooner than I thought, she is still going down in her downchannel and what we know is she ends these patterns in a very emotional dive, guess it will come when we slice through her 200 moving average around 33623 (Forexpros futures) soon.

 

If I look at the charts that PF target of the double top and good support comes in at the November low around 32670!

 

A

[Hit & Run]

Long SA 40 - 33505 looking to scalp 60 points

Out at 33590

[bear catcher]

Long SA 40 - 33505 looking to scalp 60 points

went long at 33660 looks like a mistake, would we see some favour to gold when us market open ,as us futures allso point south .i know this is a very amateurish or even a stupid question but need some help.

[Hit & Run]

Long SA 40 - 33505 looking to scalp 60 points

[Beorn]

And out, clearly the bear is loose here!

 

Gonna sit out for a while

 

And the winner goes to.....Jakes the bear!

 

A

 

Thanks.

[Beorn]

SA CPI a in @ 1.20%, a little less than estimated, now SARB will prob say there is room for a rate cutt.

[Lekkerry]

he he, this is fun! A SHORT slide!

If I read this correctly, if ALSI breaks 33700ish (J200), the next stop is seemingly 33200. Will consider shorting below 33700 (just-now) then.

[Argento]

And out, clearly the bear is loose here!

 

Gonna sit out for a while

 

And the winner goes to.....Jakes the bear!

 

A

[Beorn]

Ftse really tanking since open.

[Lekkerry]

If I read this correctly, if ALSI breaks 33700ish (J200), the next stop is seemingly 33200. Will consider shorting below 33700 (just-now) then.

Edited by Lekkerry, 17 April 2013 - 09:27 AM.

[Beorn]

Taken some profit @ 33940

[Pipman]

Oh boy.... this early on, it seems Jakes is in charge of happenings this AM. 

Looks like it.
Seems gold is the culprit, but let's see what happens just after 10 am.
EU/UK futures green.

[Lekkerry]

Oh boy.... this early on, it seems Jakes is in charge of happenings this AM. 

 

ther than saying there is a chance ALSI goes up, or there is a chance ALSI goes down, my next best blurb would be:

 

Scenario 1 (Jake-the-bear): Today was an impulsive buy-the-dip scenario, but the actual dynamics of the sell-off is warranted and come tomorrow,she goes down to the sell-off lows (of yesterday)

 

Scenario 2 (Argento-the-pitbull): Me thinks the more realistic scenario in play here, tomorrow ALSI goes to 34300, before the next move.

[Beorn]

IMF cut SA growth outlook for 2014 from 4.1% to 3.3%

I wonder if that will have an effect on the market.

[Plasma]

Ok, let's scrap that......I was not aware that an engulfing candle engulfs BOTH body and tails/ shadows of the preceding candle.I thought just the body being engulfed was sufficient.I'm still sitting long though :-) .

Hey Pipman

Thought you were on a tropical island spending the returns of the 50 full contracts you took - taking over 500 points yesterday.

Some sources say that the bodies are more important than the tails.

In meeting from 0830. Going to miss the action.

No position at the moment.

Success to all!!!