I see a H&S pattern on the 15 and 30 min chart this could take us down to 47,400 Futures.

ALSI Trades
#9641
Posted 21 May 2015 - 01:56 PM
#9642
Posted 21 May 2015 - 01:47 PM
Have a feeling that 48000 will give way, eyeing the gap created on the 8th...
With you there K. That gap is calling
You better know when to hold on, know when to walk away and know when to run!
#9643
Posted 21 May 2015 - 01:44 PM
Have a feeling that 48000 will give way, eyeing the gap created on the 8th...
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
#9644
Posted 21 May 2015 - 12:21 PM
A well formed bear flag in place. If it breaks we might see the final downleg to finish off this bearish move.
Meanwhile .......... somewhere under Witbank ...............
Attached Files
#9645
Posted 21 May 2015 - 12:21 PM
Would like to see further weakness for the Rand/$, assisting ALSI upbeam attempt nearly to ath @49400 futures, then with wave 4 = wave 2 and wave c of wave 4 = 1.61a, both can target 45700 for the bounce into wave 5. Just a thought.
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
#9646
Posted 21 May 2015 - 10:57 AM
Gap of the morning closed...
...Scotty my boy, can the beam go higher?
You better know when to hold on, know when to walk away and know when to run!
#9647
Posted 21 May 2015 - 10:36 AM
and that is normally the case on Alsi - also the SARB will try and pre-empt a rate hike befor USA in a misguided effort to stop capital outflow.
Imo, market is a bit jittery about int rate hike in US, might not be in July, but they know it is coming.
I am not taking any longs for more than a scalp for now, our market looking very weak compared to US & Asia, so any weakness in leading markets should be exaggerated in SA. But thats just my opinion.
Jip, spot on
Alsi future
I only post my views, not advice
#9648
Posted 21 May 2015 - 09:43 AM
Imo, market is a bit jittery about int rate hike in US, might not be in July, but they know it is coming.<br />I am not taking any longs for more than a scalp for now, our market looking very weak compared to US & Asia, so any weakness in leading markets should be exaggerated in SA. But thats just my opinion.
and that is normally the case on Alsi - also the SARB will try and pre-empt a rate hike befor USA in a misguided effort to stop capital outflow.
#9649
Posted 21 May 2015 - 09:33 AM
Alsi future
I only post my views, not advice
#9650
Posted 21 May 2015 - 09:31 AM
Me thinks the gap only going to close near end of the month, for now playing within the 48600 and 48000 band...so today we might go up again if I look at the charts!
A
"Never never never give up!"
#9651
Posted 21 May 2015 - 08:40 AM
Or maybe it just wants to complete the megaphone on the hourly ... and keep that gap for later
Ag, it must just do both already
You better know when to hold on, know when to walk away and know when to run!
#9652
Posted 21 May 2015 - 08:37 AM
Yaa, looks like the gap is going to swallow us today
Or maybe it just wants to complete the megaphone on the hourly ... and keep that gap for later
#9653
Posted 21 May 2015 - 08:29 AM
Today there is a sale at the Gap
I think I will take the subway
Yaa, looks like the gap is going to swallow us today
You better know when to hold on, know when to walk away and know when to run!
#9654
Posted 21 May 2015 - 08:28 AM
Today there is a sale at the Gap
I think I will take the subway
think you right , will buy some Future shirts priced 47900/700
#9655
Posted 21 May 2015 - 07:51 AM
Today there is a sale at the Gap
I think I will take the subway
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
#9656
Posted 20 May 2015 - 04:28 PM
Scotty the beam guy at it again
Potential IH&S forming on the 30M and 15M...visible on the futures chart. Neckline at 48400 (Futures).
Big resistance around 48320. I can't see it breaking today ... but when it does ... chooo ... chooo ...!!
#9657
Posted 20 May 2015 - 03:36 PM
Thanks MP, i see the IH&S, i think i will just hold onto my longs for that potential 300-400 pips target.
We just pray that Scotty will hold onto that beam
I always wonder where V unearthes some of his comments...that Scotty one had me laughing all day
You better know when to hold on, know when to walk away and know when to run!
#9658
Posted 20 May 2015 - 03:30 PM
Scotty the beam guy at it again
Potential IH&S forming on the 30M and 15M...visible on the futures chart. Neckline at 48400 (Futures).
Thanks MP, i see the IH&S, i think i will just hold onto my longs for that potential 300-400 pips target.
#9659
Posted 20 May 2015 - 03:05 PM
Thanks Scotty, how did you fix the up beam?
It was easy Captain, I used the tractor beam
Scotty the beam guy at it again
Potential IH&S forming on the 30M and 15M...visible on the futures chart. Neckline at 48400 (Futures).
You better know when to hold on, know when to walk away and know when to run!
#9660
Posted 20 May 2015 - 02:02 PM
I think we are going to test that 48,000 level again