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ALSI Trades


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#14621 Qbre77

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Posted 09 September 2014 - 04:35 PM

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

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#14622 RBM

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Posted 09 September 2014 - 04:16 PM

 

Hello......V you still at the funeral? Keep an eye your account while u there!!! :rolleyes:

:lol:


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#14623 HDB

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Posted 09 September 2014 - 04:11 PM

Quiet please whilst we bury our bear.

Hello......V you still at the funeral? Keep an eye your account while u there!!! :rolleyes:


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HDB

The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!


#14624 RBM

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Posted 09 September 2014 - 04:09 PM

Good call RBM!

tnx, I'll give you some of the stuff I am smoking next time... :)


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#14625 strydomk

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Posted 09 September 2014 - 04:08 PM

Good call RBM!
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#14626 RBM

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Posted 09 September 2014 - 04:06 PM

ok, yes correct

 

ok, yes correct

this could be an interesting daily candle to red


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#14627 RBM

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Posted 09 September 2014 - 04:02 PM

RBM great call I went short from 46410 but only small scared of ALSI shooting in opposite direction of rest of markets. Rand dollar not always the reason for direction.

 

RBM great call I went short from 46410 but only small scared of ALSI shooting in opposite direction of rest of markets. Rand dollar not always the reason for direction.

ok, yes correct


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#14628 bear catcher

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Posted 09 September 2014 - 04:00 PM

RBM great call I went short from 46410 but only small scared of ALSI shooting in opposite direction of rest of markets. Rand dollar not always the reason for direction.
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IG CASH


#14629 RBM

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Posted 09 September 2014 - 03:54 PM

nothing stopping dow from closing 1.5 or 2% down and we all know the impact of that maybe thats why zar has been helping us up..


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#14630 Roundtree

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Posted 09 September 2014 - 03:43 PM

Long @ 46400. Target 46698. Because my system says so.

 

Happy trading.


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Happy trading!


#14631 RBM

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Posted 09 September 2014 - 03:41 PM

I'm going try and find where V buried the Bear.

 

I think it want to come out and play.

 

I'm going try and find where V buried the Bear.

 

I think it want to come out and play.

he should have buried in the grave yard instead of his back yard :D  :D


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#14632 gannet

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Posted 09 September 2014 - 03:35 PM

I'm going try and find where V buried the Bear.

 

I think it want to come out and play.


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#14633 RBM

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Posted 09 September 2014 - 03:06 PM

the smoking the good stuff, major resistance point...

lots want 46500, i think market is going to be sold off before that


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#14634 strydomk

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Posted 09 September 2014 - 03:06 PM

Ok. I've got resistance at 46600.
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#14635 RBM

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Posted 09 September 2014 - 03:03 PM

RBM what are you seeing, smoking that I'm not?

the smoking the good stuff, major resistance point...


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#14636 strydomk

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Posted 09 September 2014 - 02:59 PM

RBM what are you seeing, smoking that I'm not?
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#14637 RBM

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Posted 09 September 2014 - 02:56 PM

throwing in another kitchen sink fat short 


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#14638 RBM

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Posted 09 September 2014 - 01:31 PM

best buys at 45800, that will be the 3 touch

at least for the run away train


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#14639 RBM

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Posted 09 September 2014 - 01:29 PM

best buys at 45800, that will be the 3 touch


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#14640 Vertebrae

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Posted 09 September 2014 - 01:10 PM

Getting there part a...

 


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