35854 replies to this topic

[grantmu]

http://www.iol.co.za...38#.VL-uPkeUd8E

 

QE is going to be a mess.

[grantmu]

Cool chart!

 

These zig zag uptrends usually end with a mini blow off top/move...I'm waiting for that, either this afternoon or tomorrow!

 

Don't know why but got a feeling tomorrow will be red...might spike with the QE but mr market always one step ahead of the mass!

 

A

The coasting normally a bad sign for more up-trend, but I have learned in the past to wait for the turn and not try and pre-empt the turn, notice the black line on the candle chart, was your 89 idea, refined it a bit to 108, this thing bounces off that so many times I cant count any more, also changed from exponential to a Wilder,s soothing.  

[Argento]

The bull and bear argument going strong as usual.   Attached a file, using the 1 hour, the MACD shows we have been on the bull from the 15th, what is interesting is the fact that the MACD is loosing momentum and coming back down the 0 and staying there, the MACD has been declining from the 17th. So with all this in my view we are coasting at the moment, the question is will the ECB cause an up or a down, with the macd at 0 I don't think I would bank on either way.

 

If you look at 4 hour it shows a leaning towards down, so IMO we will have down next week or towards the end of this week. I am currently Long and waiting for a turn to short, and I think tomorrow will sort it out.

 

G 

Cool chart!

 

These zig zag uptrends usually end with a mini blow off top/move...I'm waiting for that, either this afternoon or tomorrow!

 

Don't know why but got a feeling tomorrow will be red...might spike with the QE but mr market always one step ahead of the mass!

 

A

[grantmu]

The bull and bear argument going strong as usual.   Attached a file, using the 1 hour, the MACD shows we have been on the bull from the 15th, what is interesting is the fact that the MACD is loosing momentum and coming back down the 0 and staying there, the MACD has been declining from the 17th. So with all this in my view we are coasting at the moment, the question is will the ECB cause an up or a down, with the macd at 0 I don't think I would bank on either way.

 

If you look at 4 hour it shows a leaning towards down, so IMO we will have down next week or towards the end of this week. I am currently Long and waiting for a turn to short, and I think tomorrow will sort it out.

 

G 

Attached Files

•  South Africa bull.png   103.41KB   17 downloads

Edited by grantmu, 21 January 2015 - 11:39 AM.

[gannet]

Got to have nimble fingers here to post my profound thoughts and trade

 

we need to break 43472 to start cooking

[gannet]

So much for my gap story.

 

Still twiddling my thumbs ... not convinced she's quite ready ... but hey ... what do I know????

 

Got to have nimble fingers here to post my profound thoughts and trade

[gannet]

Added back some of my closed longs @ 43450,

I think we should start rallying now

 

So much for my gap story.

 

Still twiddling my thumbs ... not convinced she's quite ready ... but hey ... what do I know????

[Argento]

Clearly this counter rally got more legs so could reach the big downtrend line in play around 44200ish futures (after this mini dip)..so wrong on the short term count but will add in the kitchensink short at that level for new lows coming!

 

Only reason we rally is due to the hype of ECB meeting (stimilus), once over we should continue down IMO!US busy with major distribution patterns and spell trouble into February.....!

 

Kudo's to those who caught this one up!

 

A

[Beorn]

Added back some of my closed longs @ 43450,

I think we should start rallying now

[gannet]

Thanks

 

And Bear Catcher too. 

 

Hope you care for those you've caught and don't sell them off to the circus 

[Beorn]

I dont see that, I see us rallying, but I've had many wrong calls the last couple of trades

 

I see us at least going to 43600, maybe more

 

Nice couple of points bagged here.

Closed some of my longs here, if we dip, I will add back

[Beorn]

43600 has some resistance but 43800 - ish might be the short term top before we turn and close today's gap?

 

Beorn - you have called this well

Thanks

[gannet]

43600 has some resistance but 43800 - ish might be the short term top before we turn and close today's gap?

 

Beorn - you have called this well

 

 

[vuilhond]

Thanks for the reply beorn

[Beorn]

Can one use the australian market(resource heavy like our market) as a guide as to what will happen on the jse for the day.They are up 1.6 billton is up.therefore we should go up as well?

Mainly due to Bil being up in OZ.
10c also up hard in China, so we should see a thumper day.
I dont think you can look at OZ performance alone as an indicator, else everyone would do it.
IMO

[vuilhond]

Can one use the australian market(resource heavy like our market) as a guide as to what will happen on the jse for the day.They are up 1.6 billton is up.therefore we should go up as well?

[Motion Picture]

I'm also still very happy with my long position, and I dont intend on cutting it soon

 

Longs looking good so far. Only hoping for that triple bottom on that weeklies to start playing out

[Beorn]

Ok I am stupid Vix down USD yen up futures up so where the constant short talk coming from Plse tell me what I am missing?

Only thing that can bring us down is ECB disappointment, and Draghi & all central bankers are the market's *****, so they wont. My call remains long and trading it.

I'm also still very happy with my long position, and I dont intend on cutting it soon

[Shortboy]

To all bears holding on for EU qe to disappoint it aint gonna happen. Bigger picture is long not short! Unless you have deep pockets you are fucked! O and my second rule that just past me by (Trade opposite what Argento says) thanks buddy acount looking very good

Been away doing "positive sum" work - both sides receive value. Hee Hee BC! You still got the biggest bek on this site when things are going your way! Hope it all works for you my man!

 

Think I might just give Friday afternoon short covering opportunity a go, for old times sake.

[Vertebrae]

Captain concerned about being Shanghai'd whilst entering Singapore Straits and is avoiding the Swiss cheese.