35854 replies to this topic

[bullsnbears44]

Looks like the brutal selling of the past few weeks has stopped. Now waiting for the bounce to add to the shorts again. I think we are close to the tipping point now. Sep and Oct are going to be dangerous months for bulls.

[Mostlya]

Oil up 70c off the lows. I think we all know what that means

[Snippit]

SWIX has new low w/ divergence but the lower channel (from Jan 2016) still sits a spike lower away.

A few more days for the next short term turn stronger of Rand can bring sustainability to this turnaround.

[TellyTubby]

Definately panic selling today...often happens at market bottoms....I see today as a major low..have next count to 51847 and year end count to 54157

Flushing out of them weak hands..check

[Halfday]

This market and the ZAR is so dodgy lately...

 

Tencent seems to open UP overnight and is then flogged DOWN through their day ...

Distribution  in play???

[Mostlya]

Very happy to be wrong

[Mostlya]

Assuming the Rand doesn't strengthen too much of course

[Mostlya]

Nice 500 point up day by the looks of it. Oil crash has been completely ignored by the market. Price action is simply to ignore the sale of Oil and simply buy when it recovers even slightly. Seems to be an A.I. logic.

Wonder at what level the machine decides it's time to do the opposite and sell

[Snippit]

As Snippit said it approached the lower channel;;;

now if the ZAR is going to hell for our political reasons....

The TOP 40 because of its earnings in foreign currency should go higher for all the wrong reasons until the US markets catch cold....

 

Wrong reasons because their valuations are high and they aren't growing or increasing their profitability....

 

Rand has refused to weaken much due to expectation of resources rally, however the market looks ready to throw in the towel due to the persistent myopia of the gimme gimme BBBBBⁿEEEEEⁿ demandingly unproductive african powerbase that grinds along generation after burgeoning generation which will be the real begining of the the real end for the AB (african bullshit) and all that clings to it.

[Halfday]

As Snippit said it approached the lower channel;;;

now if the ZAR is going to hell for our political reasons....

The TOP 40 because of its earnings in foreign currency should go higher for all the wrong reasons until the US markets catch cold....

 

Wrong reasons because their valuations are high and they aren't growing or increasing their profitability....

[Snippit]

Me thinks after 4 down weeks... the market owes the bulls 1 up week

 

Swix approaches lower channel

 

PS - How do you manage to delete your posts?

[TellyTubby]

Definately panic selling today...often happens at market bottoms....I see today as a major low..have next count to 51847 and year end count to 54157

[Ninja]

Me thinks after 4 down weeks... the market owes the bulls 1 up week

[Mostlya]

Back to mornings lows.... still massively oversold on all timeframes

Like 4000 points down in 3 weeks

The way I see it now is pretty simple. If international markets turn this tiny bit of selling around we will explode higher and at lest neutralize those oversold statistics. If they don't where does the leave the longs? Panic perhaps?

[Ninja]

Back to mornings lows.... still massively oversold on all timeframes

Like 4000 points down in 3 weeks

[bullsnbears44]

Definitely oversold there's no doubt.

The long started off well but ended up badly. Small position so I'm happy to hold on to it until Friday.

[bullsnbears44]

Definitely oversold there's no doubt.

There's 7 billion worth of puts at 45k. This is pushing the selling hard before closeout. I can see a major pickup after closeout but where is the bottom. We have no idea what the strikes are for all those puts.

[Mostlya]

Thinking of taking a cheeky long here. I have a feeling this market will be climbing as closeout approaches.

Definitely oversold there's no doubt.

[Mostlya]

Wow. I guess futures close out is not helping this.

Seems to be collapsing towards that all important 200 weekly MA finally. I see the 50 monthly MA is in a similar region

[bullsnbears44]

Thinking of taking a cheeky long here. I have a feeling this market will be climbing as closeout approaches.