31 votes
Advanced Member
Posted 10 July 2014 - 02:35 PM
Now we wait for US open to give us direction, unless US opens deep in the red, longs will get some relief
Well the S&P 500 and the Dow Futures is currently 1/8% down and chart showing the rest of the world looks like a blood bath, and given the true situation of our economy, Im not so keen on catching the falling piano today, by trying to anticipate going long. 
Advanced Member
Posted 10 July 2014 - 02:35 PM
Can anybody help with advice on where one can go to get market news besides DSTV? Overseas and the SA scene if possible. I am talking about a link/links on the internet. Thank you/dankie.
Member
Posted 10 July 2014 - 02:33 PM
Can anybody help with advice on where one can go to get market news besides DSTV? Overseas and the SA scene if possible. I am talking about a link/links on the internet. Thank you/dankie.
Advanced Member
Posted 10 July 2014 - 02:32 PM
Now we wait for US open to give us direction, unless US opens deep in the red, longs will get some relief
All three main US markets futures 0.80% at least in the red
Member
Posted 10 July 2014 - 02:26 PM
Now we wait for US open to give us direction, unless US opens deep in the red, longs will get some relief
Markets can remain irrational longer than you can remain solvent – John Maynard Keynes
Advanced Member
Posted 10 July 2014 - 01:45 PM
Isnt this were we revisit 45000?
Pachycephalosaurus
Posted 10 July 2014 - 01:39 PM
Move along please....
Africa will never be regarded as adult until all of its organisations stop admiring and protecting criminal dictators.
MSM et al presents (sponsored) opinion as fact and seeks to indoctrinate. Journalists without ethics proliferate in a swamp of filthy lucre (BBC inclusive).
In response to decades of racism by fearful minority whites called apartheid there will be an eternity of racism by revengeful majority blacks called all kinds of excuses.
Corruption is not yet compulsory but it may as well be - Aggressive africanization uses the racist Employment Equity Act as a club.
Too many humans are too busy copulating to bother about the irresponsible, unsustainable and progressively catastrophic population explosion.
Whilst humanity prevails so will evil. Evil will survive and thrive through sophisticated indoctrination and other conscience-suppressing disguises.
Desmond Tutu has been praying for the downfall of the ANC since 2011. Clearly he needs some assistance with such a difficult and worthy task..
Cockroaches still lurk on sharechat because it is prime real estate for their con artistry, duping and grand theft.
Little Master
Posted 10 July 2014 - 01:29 PM
call for low is 45200ish J200
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Advanced Member
Posted 10 July 2014 - 01:24 PM
Eish moans for it to correct and now we correct now moans for it to go higher.Looking at US and EUR bright red i see us dropping much more. Not like usual when we turn around and head for new highs QE coming to a end so nothing to make it go higher fundamentals back in play and SA econ looks like **** imo.Trend is your friend and really see this time not gonna work to go long and pocket but that just my view
True words!!!
The Artist
Posted 10 July 2014 - 01:10 PM
There is already strong positive divergence on the 60min chart so don't see this (C leg) going much lower, if a bit will just add!
There was no negative divergence on the weekly chart so if she makes a new high end July then there will and be a perfect setup for a bigger drop!Or could be a H&S in the making....will see what mr market is up to!
Just my opinion and can be wrong...these waves really works, intermediate IV didn't waste any time!
Back in long!!
A
And out again..no signal the drop is over and looks like the negative divergence is not playing along!Grrrr
A
"Never never never give up!"
Sage
Posted 10 July 2014 - 01:02 PM
Eish moans for it to correct and now we correct now moans for it to go higher.Looking at US and EUR bright red i see us dropping much more. Not like usual when we turn around and head for new highs QE coming to a end so nothing to make it go higher fundamentals back in play and SA econ looks like **** imo.Trend is your friend and really see this time not gonna work to go long and pocket but that just my view
This may be a blessing in disguise, if the market notices very little effect from china stepping back from stimulation, then the end of QE will have a far lesser effect, if on the other hand there is a large effect we will be more ready for the END of QE. personally I think the effect of QE is overrated as the money takes years to get into the main stream of the financial markets, it is just the rich getting richer.
Sage
Posted 10 July 2014 - 12:55 PM
oopsy...this is going to hurt some people...
maybe that 1000pts day everyone was waiting for is for the bears and not the bulls!!!
The bears can have 1000, there are far more bull points on offer, the market always goes up eventually, inflation is a wonderful thing.
Sage
Posted 10 July 2014 - 12:52 PM
IG CASH
Advanced Member
Posted 10 July 2014 - 12:48 PM
Ok thats me out. Back to the peanut gallery.
Little Master
Posted 10 July 2014 - 12:47 PM
oopsy...this is going to hurt some people...
maybe that 1000pts day everyone was waiting for is for the bears and not the bulls!!!
I find trading like body surfing, catch the right one and you will make it all the way to the beach.
Sage
Posted 10 July 2014 - 12:26 PM
This last drop seems to be an over reaction to a report out of china, all the news was good except for the line regarding stimulus, I think the market reacted before reading the news as it usually does. Gold index was pulling hard but seems to be holding at the level it is now. Naspers is stable again after the drop. My only concern is that there is no support at the point we are currently in, the market may drive it back up from here by shear will power alone, we will see.
Advanced Member
Posted 10 July 2014 - 12:13 PM
Swung my trade short and already made my long loss back. Sheesh!! Technical s out the window and trigger happy!!
I have about 160p on short after losing 60 on my long this morning. I think I must bail and keep my 100 profit. This market isnt giving away its plan
Sage
Posted 10 July 2014 - 12:00 PM
Total drop is 1200 points from the start 4 days ago, I should have trusted my GUT. Back in with longs to recover the 150 point loss in the drop
Advanced Member
Posted 10 July 2014 - 11:49 AM
Order filled. Accumulation terminated. (iv) was a jitterbugga
so are we coming up to big bear mountain now...?
The Artist
Posted 10 July 2014 - 11:46 AM
DON'T BELIEVE IG CHARTS AT ALL!! Took out my stops at 45972, but their chart's lowest price for Bids is 45968 and for Ask 45984!!! Scoundrels!!!
(Now all I can do is to hope I'm going to be thankful later on...?)
Your chart is your bible of trading, if you use IG charts this will happen unfortunately, not reflecting the correct counts!
A
"Never never never give up!"
