35854 replies to this topic

[cdb999]

Haha<br /><br />Sent from my D5503 using Sharenet Sharechat mobile app<br /><br />

[grantmu]

all the stocks that are bellow the 200 mark just picked up in volume, could be some auto sell off triggers.

 

G

[strydomk]

Wow. Too damn tempted to try catch a falling knife.

[Beorn]

I dont know how reliable it is, but I received a tip that China's PMI tonight is going to be a bad figure.<br /><br />I hate trading with a MM, but I'm short SA40 cash with IG @ 44100<br /><br />Lets see if it was an onion or not.<br /><br />IMO tomorrow will be another +-500 pip down day

 

500 pips coming up, then I close half of my shorts

[Beorn]

Why is the forum so quite?

 

Lots of long out there?

[Beorn]

My money is on it falling through it's own behind

 

There we go.

Nice!

 

Good data = bad

bad data = bad

 

I love this

[grantmu]

My money is on it falling through it's own behind

agreed but I wish it would just get on with it, today may be the first day we both open and close bellow the 200 mark, that may shake this thing loose.

 

G

[Beorn]

I think this thing is stuck until it goes through that 200 day marker, that will trigger some institutional selling and then we will see that last stretch for the bottom, and according to my charts we are sitting right on top of it now. 

 

It is time for this thing to S$%T or get off the pot. 

 

G

 

My money is on it falling through it's own behind

[grantmu]

I think this thing is stuck until it goes through that 200 day marker, that will trigger some institutional selling and then we will see that last stretch for the bottom, and according to my charts we are sitting right on top of it now. 

 

It is time for this thing to S$%T or get off the pot. 

 

G

[Beorn]

Good non farm data. less QE, market drops.

 

This junkie is not feeling very good

[Beorn]

here we go, breaking that +-400 level and the gates are open.

Then watch out down below!

 

Shorts looking good!

 

added @ 44440

[Beorn]

of the 10 heaviest on the top 40, AGL - 1.75%, BIL -1%, CFR -1.1%,  SAB -.5%, Npn +1.6%

There seems to be a bit of a disconnect, and I will keep my shorts.

 

here we go, breaking that +-400 level and the gates are open.

Then watch out down below!

 

Shorts looking good!

[zoner]

Resources still taking a hammering...

[grantmu]

of the 10 heaviest on the top 40, AGL - 1.75%, BIL -1%, CFR -1.1%,  SAB -.5%, Npn +1.6%

There seems to be a bit of a disconnect, and I will keep my shorts.

I agree, we may be near the bottom, and I don't see any reason for an upswing, by the same token there does not seem to be any real downward trend, I am holding shorts just because that in my view is still the predominant trend at the moment. 

 

G

[Beorn]

of the 10 heaviest on the top 40, AGL - 1.75%, BIL -1%, CFR -1.1%,  SAB -.5%, Npn +1.6%

There seems to be a bit of a disconnect, and I will keep my shorts.

[Vertebrae]

Don't give me that...

 

 

 

Wave A: Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising implied volatility in the options markets and possibly a turn higher in open interest in related futures markets.

 

 

[Vertebrae]

Still see this as Intermediate IV of Major 5 of Primary III as mentioned!

 

Intermediate I was 4400 points so if she goes to that 44150ish support and bounce it will still fit within the point range of just an Intermediate wave and not a Primary wave (take 2-3 months to complete).

 

US is now on a make or break scenario, 1950 is the major support trend line in place since 2011 so if she slices through the correction will morph into something more serious, if not new highs await and Minor 3 of Intermediate IV is in play!

 

Next week is going to be very interesting with the Kress cycle bottoming..and if!??

 

In my onion this bull is still alive!

 

A

 

I got those intermediates of major 5 as: 1 @ 3370, 2 @ -1515, 3 @ 5801 and 4 @ -1606 giving typical comarison of 2 and 4

But sure, I have not yet achieved more than 51% confidence that the 5th has failed. Need confirmation.

[Argento]

what leg would you have this big down then A??

Still see this as Intermediate IV of Major 5 of Primary III as mentioned!

 

Intermediate I was 4400 points so if she goes to that 44150ish support and bounce it will still fit within the point range of just an Intermediate wave and not a Primary wave (take 2-3 months to complete).

 

US is now on a make or break scenario, 1950 is the major support trend line in place since 2011 so if she slices through the correction will morph into something more serious, if not new highs await and Minor 3 of Intermediate IV is in play!

 

Next week is going to be very interesting with the Kress cycle bottoming..and if!??

 

In my onion this bull is still alive!

 

A

Attached Files

•  SPX (Make or break).jpg   66.8KB   10 downloads

[grantmu]

PMI in the EU don't look good, if Draghi does not make the right noises with the interest rate decision tomorrow this thing is going to drop like a rock. if EU goes into recession with the US pulling out ahead that is going to make trading very difficult. add to that China seems to be in neutral.

 

Could be fun

 

G 

[Motion Picture]

tempted to short just above resistance(R1 daily) on 5min chart(overbought)but with market in general oversold territory bias is towards longs

 

..think i'll hop on fence and observe for a wee while

 

good luck guys/gals

 

Don't short as yet