35854 replies to this topic

[RBM]

RBM, on 24 Jul 2014 - 5:58 PM, said:

Bear attack tomorrow afternoon

maybe tonight too much weakness

[Vertebrae]

USD/ZAR needs a return of the blues, something like this...

 

 

(to support the upcoming wave 5 of wave 5 of wave 3 on the index)

In which case high five

 

 

[RBM]

Bear attack tomorrow afternoon

[davidp13]

Beorn, on 24 Jul 2014 - 4:32 PM, said:

All good thanks, I have not been able to trade that often, but starting to get back into it now.

 

I think we will be red tomorrow only because I think Ftse and US will be red tomorrow and drag us with them. ZAR should buffer the drop a bit, but should not keep us up.

 

This is honestly just a gut feeling I have, so lets see what happens tomorrow.

like i said, when you show up i need to be careful...

[RBM]

1hr.30min,15min oversold short term high then low

[Beorn]

davidp13, on 24 Jul 2014 - 4:24 PM, said:

J - how goes? Like i have said many times when you pop up the red tide is with us

either way, this will only happen if the ZAR keeps on moving in favour of a RED day and from what I can see this was overdone a bit...

 

All good thanks, I have not been able to trade that often, but starting to get back into it now.

 

I think we will be red tomorrow only because I think Ftse and US will be red tomorrow and drag us with them. ZAR should buffer the drop a bit, but should not keep us up.

 

This is honestly just a gut feeling I have, so lets see what happens tomorrow.

[davidp13]

Beorn, on 24 Jul 2014 - 4:08 PM, said:

I think it would be wise to be short at this moment, I think tomorrow will be another red day, maybe deep red.

and I got caught with a long position just before the market closed. Ai

J - how goes? Like i have said many times when you pop up the red tide is with us

either way, this will only happen if the ZAR keeps on moving in favour of a RED day and from what I can see this was overdone a bit...

[Beorn]

I think it would be wise to be short at this moment, I think tomorrow will be another red day, maybe deep red.

and I got caught with a long position just before the market closed. Ai

[grantmu]

make that 1200 and not 12000

[grantmu]

BlythZ, on 24 Jul 2014 - 3:30 PM, said:

I am leaning towards your thinking G, someone was busy manipulating GBP/ZAR by strengthening the ZAR till 4:45pm when it started rate started picking up again from around 17.80 and now it is at 17.83 and i checked the sentiment on IG there were a lot of buys from around 5:00pm when Top40F was around 46,410. Sentiment improved to from around 59% long to 62% long. 

 

But once i exit these longs i will rather short the rallies 

you can also try playing both sides of the fence, after a drop give the market about 500 points in the long direction, then you are in a position to risk (and I stress risk) having both long and shorts in play, with the assumption that the market will return to that point at some time in the future, if you do it right you can play a contract for a much longer period, say a week and not have to worry so much about the little drops. you do need to be cartful that you don't keep the short if the market goes up fast, I would say if the market has moved more than 12000 points from the place you bought it it will not get back down there in the near future, if you are careful and the market is not in a straight bull run and going up and down like it is now you can make quite a bit of money and spread the risk, every now and again it does come back and bite you though so be cautious. 

 

G

[BlythZ]

grantmu, on 24 Jul 2014 - 1:55 PM, said:

if you look at al the mines, the volume today is low by any standard, and the amount down is big across the board. if SOMEONE was to push the price down today, buy at the auction at the end of the day they could make a huge amount of money tomorrow. this market will go no were without the mines if they are not up we have one of these days. as soon as they start moving the new high will be here. 

 

G

I am leaning towards your thinking G, someone was busy manipulating GBP/ZAR by strengthening the ZAR till 4:45pm when it started rate started picking up again from around 17.80 and now it is at 17.83 and i checked the sentiment on IG there were a lot of buys from around 5:00pm when Top40F was around 46,410. Sentiment improved to from around 59% long to 62% long. 

 

But once i exit these longs i will rather short the rallies 

[Vertebrae]

bear catcher, on 24 Jul 2014 - 2:08 PM, said:

Hi V looks like i tried hard enough in my calculation we are down and not up wave wave bye bye

 

Toe dipped, now for the plunge. Still 400 points avaiable down there, but wave 5 gonna take it all back 7 times before bears get some honey again, but that honey will be delivered by road tanker.

[bear catcher]

Hi V looks like i tried hard enough in my calculation we are down and not up wave wave bye bye

[Ninja]

Naspers had a flash crash, went into auction mode a couple of mins ago

[bear catcher]

Ive been selling the upticks and i am in the money.IMO the market is changing and down is the way, the bulls are trying everything for the market to reach new highs now same as the bears was saying about the big pullback when the trend was up.Trend is down imo and we might tick a bit higher again but the trend is changing to rather go short

[grantmu]

davidp13, on 24 Jul 2014 - 1:47 PM, said:

yet FTSE and US green! this has nothing to do with the world and all to do with a little manipulation...but i agree with you no big deal

if you look at al the mines, the volume today is low by any standard, and the amount down is big across the board. if SOMEONE was to push the price down today, buy at the auction at the end of the day they could make a huge amount of money tomorrow. this market will go no were without the mines if they are not up we have one of these days. as soon as they start moving the new high will be here. 

 

G

[BlythZ]

Only 2 indices in red on investing.com, JSE and Hungary. But i guess the hike in interest rates caused the strengthening of the ZAR and that is why we are seeing all this weakness on our market. 

 

On the weekly chart the MACD is telling me that danger lies ahead, proceed with caution!

[davidp13]

grantmu, on 24 Jul 2014 - 1:44 PM, said:

Israel shelled a school, plane crash, world asking to punish Russia, china with coal problems in mining could affect the productivity, All of this is bad and there has to be time to work out the effects, the market is not dropping BUT it is also not going up, we are still only approximately 50 percent down from the last push up. this is just a slow day without direction. In my view no big deal 

yet FTSE and US green! this has nothing to do with the world and all to do with a little manipulation...but i agree with you no big deal

[grantmu]

Plasma, on 24 Jul 2014 - 1:25 PM, said:

Wat gaan aan???

Israel shelled a school, plane crash, world asking to punish Russia, china with coal problems in mining could affect the productivity, All of this is bad and there has to be time to work out the effects, the market is not dropping BUT it is also not going up, we are still only approximately 50 percent down from the last push up. this is just a slow day without direction. In my view no big deal 

[grantmu]

Plasma, on 24 Jul 2014 - 1:25 PM, said:

Wat gaan aan???

a 4th aircraft crashed in Africa this time, market nervous still. still long, still happy