35854 replies to this topic

[Plasma]

Long 45211. Either a smile or nothing tomorrow.

[Plasma]

If 45 000 goes, then pain for anybody having longs higher up. Currently contemplating a long should data be positive. Or at least have a bit of a bounce.

so the refined question would be is this all a bit of an over reaction to the comments made over the weekend, by the same token if the number comes in at 50 is that still considered bad, we have had overreactions on china data before.

I guess I will have to wait for 4 AM

The only thing that bothers me is the severity of the downturn. The BB lower band was strongly broken on 4h and strongly pierced on dailies. Most likely going to take the long and wait for the surprise tomorrow morning.

[Zero Hedge]

so the refined question would be is this all a bit of an over reaction to the comments made over the weekend, by the same token if the number comes in at 50 is that still considered bad, we have had overreactions on china data before. 
 
I guess I will have to wait for 4 AM

if the number misses the selloff continues...market is in foul mood...seasonally this week is normally bad for financial markets...some of the largest turning points in history occurred around 21 Sep...going all the way back to 1873 when the NYSE was closed in response to a market panic.

[grantmu]

If 45 000 goes, then pain for anybody having longs higher up. Currently contemplating a long should data be positive. Or at least have a bit of a bounce.

so the refined question would be is this all a bit of an over reaction to the comments made over the weekend, by the same token if the number comes in at 50 is that still considered bad, we have had overreactions on china data before. 

 

I guess I will have to wait for 4 AM

[Plasma]

so all BS aside, what is the general consensus of the group if the number is bellow 50 have we costed all this in already or do we drop another 1000P from this point.

comments welcome

G

If 45 000 goes, then pain for anybody having longs higher up. Currently contemplating a long should data be positive. Or at least have a bit of a bounce.

[grantmu]

so all BS aside, what is the general consensus of the group if the number is bellow 50 have we costed all this in already or do we drop another 1000P from this point.

 

comments welcome

 

G 

[HDB]

Not IG predating control freak

Strain today, tomorrow another story

 

 

That's one big "Might" A

 

If news bad out of China tomorrow, some more serious pain which could wipe out accounts completely!!!!

Another 100p down from here and flood gates will open!!!

 

 

expect more pain on J 210 stocks today!!

 

IN fact alsi top 40 trend support line will be under close scrutiny today...may be under heavy attack from the bears today!!

If the bulls and V dont support it, goodbye Bulls!!

 

 

On the law of probabilities and being at 46000 IG cash at moment, i think we have a greater chance of going down to 45000 ( and then even lower) than 47000!!!

I cannot see the J210 going anywhere especially with Fed giving some indication of when interest rates will start going up and some bad numbers out from from China!! Also Friday was a great chance for the FTSE to make new all times highs, and having not done this, i think that high for FTSE will not be tested,,,well at least not for this year!!

 

Just my opinion.... So i will play it daily as i see it, but medium term bearish!!

 

 

support gone....wave goodbye to bulls!!

 

some serious pain here...and cant see it stopping anytime soon!!

 

 

crucial support at 45575 under big threat!!!

 

 

seems like Mms with aid of Elliot wave support wins again!!!

 

 

broke out to downside

 

 

right shoulder made but small...if you not happy with that shoulder than another HS was formed at around 45950 for a drop of +-500p which is in play already!!

 

 

neckline broken and showing a 600p drop from there!!

 

very small right shoulder!!

 

Probably take a day or 2 to play out!!

Control Freak or Father Xmas giving out free money?

 

All these posts confirmed the drop coming....

 

I leave others to Judge V...and not you because you just cant handle it!!!!

 

I know its black and blue but tomorrow i dont think you will even be able to sit!!  Bye Bye V

[HDB]

HDB. Are you going to at the screen when China data comes out tomorrow morning?

gonna try!!

normally up by 4.30am but toms a little earlier!!

[Plasma]

HDB. Are you going to at the screen when China data comes out tomorrow morning?

[HDB]

Yea HDB calls them every now and then, try to spot them (on IG I presume) and they look nothing like I would expect (even after the completion). The one called today had a beeeeg head lol.

Anyway, thanks for the pointer Grantmu

Burger stop spamming and go google it please to understand what it is!!

[~DB~]

Best to ask HDB on this but I look for them on the charts that are longer than the ones I use to trade, so I trade the 5 or 10 min charts so I would be looking for HS on the 30 min and 1 hour.

The hard part is in order to take advantage of it you need to see it as it is happening, so you end up seeing one shoulder and a head then waiting for the rest to form.

 

check out goolgle for the basics and you tube for video.

Yea HDB calls them every now and then, try to spot them (on IG I presume) and they look nothing like I would expect (even after the completion). The one called today had a beeeeg head lol.

Anyway, thanks for the pointer Grantmu

[grantmu]

on which period on chart? I've been studing technicals for months and they only show you the perfect cases - its difficult to find them in real life. I understand the S/Rs that forms the various stages but when somebody calls it then it looks nothing like i've learned.

Its quite overwelming to follow what happens because every chart period shows it different.

Best to ask HDB on this but I look for them on the charts that are longer than the ones I use to trade, so I trade the 5 or 10 min charts so I would be looking for HS on the 30 min and 1 hour.

The hard part is in order to take advantage of it you need to see it as it is happening, so you end up seeing one shoulder and a head then waiting for the rest to form.

 

check out goolgle for the basics and you tube for video.  

[~DB~]

on which period on chart? I've been studing technicals for months and they only show you the perfect cases - its difficult to find them in real life. I understand the S/Rs that forms the various stages but when somebody calls it then it looks nothing like i've learned.

Its quite overwelming to follow what happens because every chart period shows it different.

 

 

The follwing should be unmistakable touble tops... (or just wack me down if i'm wrong again)

 alsi40-2.png   289.53KB   27 downloads

Edited by dburger, 22 September 2014 - 07:00 PM.

[~DB~]

you will see it better using candles, you need to see the shoulders as sort of level, then up for the head and down again to the other shoulder.  

on which period on chart? I've been studing technicals for months and they only show you the perfect cases - its difficult to find them in real life. I understand the S/Rs that forms the various stages but when somebody calls it then it looks nothing like i've learned.

Its quite overwelming to follow what happens because every chart period shows it different.

[grantmu]

mmmm... I've been  following this forum for a few weeks and today was epic! Bad for some and good for others - sorry for those that are in pain and congrats to those that profited! I'm new to charting so this is ideal chance to try to understand what happened here.

 

I found 2 H/S as indicated in the attached picture - on weekly chart. Does this make sense?

 

alsi40.png

you will see it better using candles, you need to see the shoulders as sort of level, then up for the head and down again to the other shoulder.  

[~DB~]

Sorry neither are head and shoulders....Google it and try to learn how they are formed!!

 

ok... back to the drawing board... I've seen the the pic in the other forum you posted, you still think thatone panned out?

[HDB]

mmmm... I've been  following this forum for a few weeks and today was epic! Bad for some and good for others - sorry for those that are in pain and congrats to those that profited! I'm new to charting so this is ideal chance to try to understand what happened here.

 

I found 2 H/S as indicated in the attached picture - on weekly chart. Does this make sense?

 

alsi40.png

 

 

Sorry neither are head and shoulders....Google it and try to learn how they are formed!!

[~DB~]

mmmm... I've been  following this forum for a few weeks and today was epic! Bad for some and good for others - sorry for those that are in pain and congrats to those that profited! I'm new to charting so this is ideal chance to try to understand what happened here.

 

I found 2 H/S as indicated in the attached picture - on weekly chart. Does this make sense?

 

 alsi40.png   381.83KB   36 downloads

Edited by dburger, 22 September 2014 - 06:18 PM.

[grantmu]

Looks like we might be dealing with a double top with target 44200 futures into October!

 

This looks to me like a serious breakdown!

 

Sorry UBS...you were right afterall!

 

A

is this a calculation using Fib or based on the first part of the wave.

 

G

[Vertebrae]

Ooops i forgot...IG at work netting in more longs!!

 

Sorry V, most here read u like a book!!!  Go elsewhere....Std Bank waiting for you!!

 

Not IG predating control freak

Strain today, tomorrow another story