35854 replies to this topic

[delta66]

maybe i'm playing with fire here(BIL)...deleted bid, better options than trying to catch the bottom

[K~~]

have a nervous order(CFD) on BIL @34850..

BIL could find support anywhere from R345 to R350..

 

But it is quite a heavy piano to catch.. I'm happy to buy and hold at those levels.. If you are over-leveraged it could get messy quickly..

 

K

[delta66]

have a nervous order(CFD) on BIL @34850..

[K~~]

Out of curiosity K, how much did you buy seeing that both BIL and ALSI are going up already?  

I could tell, but then I'll have to kill you! 

 

My thoughts on the ALSI - this 46200-230 (F) is the line in the sand. I really hope that holds, otherwise V's gap closes will come into play again.

 

 

K

[HDB]

I think Bil results has been wacked by ours and Uk markets simply on the reasoning that with the rand being +R10.00, they expected higher profits...

 

This is where they may be going wrong... BIL is Ozzie based and the aussie dollar has been falling against the us dollar.. looking forward to how the aussie market will respond to results!! They may take it up again!!

[delta66]

Bought some BIllies for my long term portfolio at -5%. That should push us up nicely..

 

lol..was just about to ask that question K

 

anyone start buying from 350 or under

[BlythZ]

Bought some BIllies for my long term portfolio at -5%. That should push us up nicely..

Out of curiosity K, how much did you buy seeing that both BIL and ALSI are going up already?  

[K~~]

make that 5%+ at one point Beorn

Bought some BIllies for my long term portfolio at -5%. That should push us up nicely..

[Roundtree]

Bil earrings miss, and also, investors were expecting a share buyback that does not look like its going to happen, hence Bil down +-4%

Bil is almost 10% weighting of Top40

Thanks, Jakes.

 

But that doesn't change the fact that it's a rigged market. Pretty soon the "investors" will not give a hoot about said earnings and share buyback. 

 

Happy trading, brother.

[delta66]

make that 5%+ at one point Beorn

[Beorn]

Thanks for letting me join you, brother.

 

The bottom isn't in yet; I think we'll see this thing crawl back up after 11h30.

 

Why are we down here instead of up where we started this morning?

 

Bil earrings miss, and also, investors were expecting a share buyback that does not look like its going to happen, hence Bil down +-4%

Bil is almost 10% weighting of Top40

[delta66]

no support until S2(cash)..if bhp/retailers don't pull out of nosedive i have doubts of any upward recovery today

Edited by delta66, 19 August 2014 - 11:54 AM.

[bear catcher]

Sorry bulls I just closed my shorts so could see a bigger drop

[Argento]

Ok, so where are we in Elliot terms and does this weakness in danger the new uptrend...??

 

IMO we are currently in minute 2 down of Minor 3 of Intermediate V of Major V of Primary III.

 

Looks very similiar to the US minute 2 down on friday that recovered the rest of the day and kicked off minutes 3 of minor 3 with a bang, normally the best rally of the wave!

 

Should be close to the bottom now....!

 

A

Attached Files

•  TOP40 (Elliot mapping).jpg   192.44KB   4 downloads

[Dallas]

Nice one Roundtree, you will make a lot of money with that one!

[Roundtree]

Order: 6 long @ 46248 

Filled.

[Roundtree]

Welcome back too R...nice, never give up in this game!!

 

A

You're right, A; never give up. 

 

Thanks for having me back, brother. Happy days. And happy trading!

[Roundtree]

Welcome back Roundtree

Thanks for letting me join you, brother.

 

The bottom isn't in yet; I think we'll see this thing crawl back up after 11h30.

 

Why are we down here instead of up where we started this morning? If you look at yesterdays chart, you can clearly see that the professionals didn't close the gap between 46248 and 46253. Instead they turned around and opened shorts, hoping to close this morning. The gap up was just a trap; with everyone locked in, they can now come down here (46248) to buy knowing that everyone wants to go up so they can get out of their long positions at around 46540 at break even.

 

A's right, this is a bullish pattern as far as I can tell; we are headed for 46836 at the least.. 

[Argento]

Thanks for such a warm welcome, brother. It's good to be back.

 

I've been sharpening my strategy and devising ways to conquer this beast; I think this time it's going to be a fight to the death. 

 

Happy trading, brother. 

Welcome back too R...nice, never give up in this game!!

 

A

[delta66]

Good example this morning...had good profit but now gone, but it's about the big fish and she is coming!

 

We are getting bullish crosses around and normally create these down spikes...biggest one is upon us (5H 21 back over 89) so once that happen she should shoot up!

 

Nasdaq is back in a confirmed uptrend (new high and as per Caldaro) and DOW and SPX soon to follow!

 

A

hear you ..no prob, my pos size allows for this type of swing volatility