35854 replies to this topic

[Mhlato]

Delta, can you please give me the opening price? I am looking @ a long +- 46,050..below S2 and the 5 day weighted average of S2, but just need rhe open.

[Mhlato]

when a bull goes bear..watchout

 

Delta, can you please give me the opening price? I am looking @ a long +- 46,050..below S2 and the 5 day weighted average of S2, but just need rhe low.

[delta66]

when a bull goes bear..watchout

[gannet]

This could be the one day in a long time that the opening gap doesn't close withing the 1st hour.

 

Significant!

[RBM]

RBM i think we could go up slightly but then down Target 45800 but even lower if US goes down more.This is my catch up target Just my view

ok tnx

[bear catcher]

RBM i think we could go up slightly but then down Target 45800 but even lower if US goes down more.This is my catch up target Just my view

[RBM]

BearCatcher what's your target

[RBM]

45800 here we come blazing

[delta66]

down..we go!

[Ninja]

Shucks tencent down 3.5% ...

[mx125]

The SA40 cash index hourly chart shows the price to have broken out of a bullish wedge formation. Circled blue we see a bearish engulfing candle pattern signalling the end of the upward move for now, alluding to a possible pullback in price. The wedge formation is bullish as is the momentum of the intraday trading activity. With this in mind should a pullback occur (as per the bearish engulfing guidance) it could afford a second opportunity at long entry near wedge support at 46300 favouring 46500 as the initial upside target. Failure of the bullish intention suggested by the wedge formation could be considered should the price close below horizontal support at 46100.
 
From IG

The above view is also the view of Shaun Morris. But with the US down so much last night and with Asian markets down this morning I can't see us going up, even though we did close just above 463. Or maybe we will rally to 465 before dropping. If that happens the blame will go to our weak rand. R17.40 yesterday and R17.60 now.

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[delta66]

mirrored the sell off on US markets after 5pm almost exactly...DOW closes and straight up we go..wonder what pushed it in the opposite direction

Edited by delta66, 09 September 2014 - 10:32 PM.

[Beorn]

no...do not look to far ahead,,,we can go up juts as quickly tomorrow!! has been proven in last 2 to 3 weeks...zig zag all the way!!

forget tomorrow..went up just as quickly in last 30 min

This is pure market maker at work.
But I agree, we can gap up tomorrow morning and hit 46600 easy peasy.

Believe it or not, but in my opinion, this drop in US is bullish for Alsi.
US bounces back and Alsi shoots the lights out

IMO

[grantmu]

forget tomorrow..went up just as quickly in last 30 min 

but will it be sustained into tomorrow or is this just another 100 point bounce

[HDB]

no...do not look to far ahead,,,we can go up juts as quickly tomorrow!!  has been proven in last 2 to 3 weeks...zig zag all the way!!

forget tomorrow..went up just as quickly in last 30 min 

[grantmu]

dow looks to have made its double top, vix is confirming that in very green, zar trying to manage the situation for alsi, I think dow is going to retest that bottom it made few weeks ago and maybe retest this week, taking us down big time, its also bear season...whats your thoughts?

my view

 

There is something in the background and it looks to me to Geopolitical but there is nothing definite so the market is not driving on the VIX, the drop Monday and Tuesday had no direction, it seemed the drop was almost boredom, the same happens with the jump today there was no driving force and may have only been due to the change in the pound and nothing else.

 

the tensions currently are an up tick in the level of Aggression in Russia and also China getting aggravated with spy flights, the Scottish thing is going to have some affect on the FTSE and has already made changes to the pound. ISIS is also a problem, the Ukraine is gong to flare up again or peace is the order of the day but there is no confirmation yet. the whole middle east is a problem and ISIS is drawing attention to that entire region, if the USA jumps back onto that area it will have an effect on the market but this time i think it will not drive the market up as this will not be limited to one country but an entire area. 

 

There does not seem to be a difinative reason for drops and jumps over the last week, we are direction less but there seems to be an underlying nervousness in the markets.

 

The top 6 in the sa40 are all over the place today, but by the end of the day they all seem to be pointing in the same direction, down. The FTSE was up big time then dropped like a stone, same for the dow, china is neutral for the last couple of days with no direction. 

 

If there is nothing to drive us up then I see the market going back to test the last lows as a verification, if this is a slow drift we are in for one down one up days for a while if it is a drop that confirms support then the market may regain some drive to go higher.

 

As we are also connected to the FTSE the rand dollar changes may have less of an effect until the pound regains some strength I think changes in the rand dollar will have less of an effect for a while.

 

just my view but there is a general nervousness in my view but no pinpointed problem.

 

playing the day as i see it from 8 AM until there is direction.

 

G 

[RBM]

U sure u buried the right ball because this bear is alive and kicking, right?

   

[HDB]

Yeah buried his left ball, had to do the right one.

U sure u buried the right ball because this bear is alive and kicking, right?

[RBM]

vix almost 10% up...wow