31 votes
Sage
Posted 29 May 2014 - 09:57 AM
If I understand the reports correctly, ECB news only next week. Today is USA (jobs data etc).
If you look at investing.com, they have a nifty calender with all important events noted by day.
Does anyone know when there is going to be a release regarding ECB policy?
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
The Oracle
Posted 29 May 2014 - 09:43 AM
Does anyone know when there is going to be a release regarding ECB policy?
Alsi future
I only post my views, not advice
Sage
Posted 29 May 2014 - 09:41 AM
so glad my ignorance didn't shine through there!
I had a long running through the night and was happy with the outcome this AM.
Shot L!! Kind, helpful and informative
Market has an amazing ability to make me feel like the chosen village idiot.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Advanced Member
Posted 29 May 2014 - 09:22 AM
Market has an amazing ability to make me feel like the chosen village idiot.
Sage
Posted 29 May 2014 - 08:53 AM
Well, it is either up or down and... down is just too easy!
Ummm... Why are we going up now?
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet
Advanced Member
Posted 29 May 2014 - 08:45 AM
Silfen Path Wanderer
Posted 28 May 2014 - 09:40 PM
So it is SB. I have not yet done an experiment to see which of IG or Investing.com would inform my daily assessment more from an accuracy point of view. Every morning I take a daily chart view, a 4 hour chart view, daily trend line perspectives, the Hangsen index, the S&P close and futures, and the rand pound figures to establish a bias for the day. Therefor, from an intraday perspective slight differences might not be that significant, given the variety of variables.For those players (especially newer ones) who are on the IG platform like me, and may not yet have noticed it.
There is a distinct difference between the end of day candlestick chart you see on IG and investing.com. I guess it's primarily because of IG's Top40 24hr trading arrangement whereas J200 future closes at 5H30 p.m. each day.
Take a look at Top40 Futures on investing.com.
On 22 May investing.com shows a shooting star, almost a gravestone doji;
On 23 May investing.com shows a well defined shooting star;
On 26 May investing.com shows a spinning top, almost a dragonfly doji;
On 27 May we get a smallish bearish confirmation;
Today we get a significant bearish confirmation at the close.
Compare those images to what you see on the IG daily chart and you will notice the dilutionary effect a 24 hr trade platform can have on seeing what the true market did during official business hours.
Am more inclined to take a view on the investing.com end of day Top 40 Future chart.
Use it, lose it.
Edited by Plasma, 28 May 2014 - 09:43 PM.
The first goal is to ensure survival – avoid the risks that can empty your account and put you out of the trading business.
Advanced Member
Posted 28 May 2014 - 06:45 PM
For those players (especially newer ones) who are on the IG platform like me, and may not yet have noticed it.
There is a distinct difference between the end of day candlestick chart you see on IG and investing.com. I guess it's primarily because of IG's Top40 24hr trading arrangement whereas J200 future closes at 5H30 p.m. each day.
Take a look at Top40 Futures on investing.com.
On 22 May investing.com shows a shooting star, almost a gravestone doji;
On 23 May investing.com shows a well defined shooting star;
On 26 May investing.com shows a spinning top, almost a dragonfly doji;
On 27 May we get a smallish bearish confirmation;
Today we get a significant bearish confirmation at the close.
Compare those images to what you see on the IG daily chart and you will notice the dilutionary effect a 24 hr trade platform can have on seeing what the true market did during official business hours.
Am more inclined to take a view on the investing.com end of day Top 40 Future chart.
Use it, lose it.
IG SA40
Pachycephalosaurus
Posted 28 May 2014 - 06:27 PM
Parallelized on trend bottom at gap close.
New moon, month end - there must be a song out there somewhere...
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.
The Oracle
Posted 28 May 2014 - 05:11 PM
one minute inverse H & S just played out on Dow for 34p
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
The Artist
Posted 28 May 2014 - 05:00 PM
You may well be correct, Argento. I have no problem with that.
the way price action on J201 (midcaps) behaved this week on the shorter timeframes (say 15 mins), made me close more of my longer term longs, though.
seems that today a somewhat larger than usual flow of money went into the metal ETNs (GLD/NGPLT/NGPLD). prolly means nothing
SAVI been crawling along the bottom for a while now. apart from lack of fear (complacency), it at some point will increase. volatility ahead?
best and good luck all...
VIX made a new low last seen in March 2012, all uptrends end with a divergence between it and the SPX so volatility should increase from here!
June should have a nice downleg at some point, maybe only after the 07th but futures close-out always brings along some weakness before or after the roll-overs!
A
"Never never never give up!"
Member
Posted 28 May 2014 - 04:48 PM
You may well be correct, Argento. I have no problem with that.
the way price action on J201 (midcaps) behaved this week on the shorter timeframes (say 15 mins), made me close more of my longer term longs, though.
seems that today a somewhat larger than usual flow of money went into the metal ETNs (GLD/NGPLT/NGPLD). prolly means nothing 
SAVI been crawling along the bottom for a while now. apart from lack of fear (complacency), it at some point will increase. volatility ahead?
best and good luck all...
Life is for living...
Master
Posted 28 May 2014 - 04:46 PM
I don't see any danger for the longs here..just more consolidation to go higher soon..!
Think this sideways/boring action going to continue into next week!
A
With the gap now closed, if the US gets its rockets fired up it's on with the upward march...
But be mindful of the bad GDP number... and a possible credit downgrade to come...
K
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
The Artist
Posted 28 May 2014 - 04:36 PM
As i said greedy longs gonna get caught.Better jump losses just going to mount for bulls
I don't see any danger for the longs here..just more consolidation to go higher soon..!
Think this sideways/boring action going to continue into next week!
A
"Never never never give up!"
Advanced Member
Posted 28 May 2014 - 04:11 PM
We are just below the original top of the channel at 44700..break this and we go to the bottom of the channel at 44300..Our rising wedge is finally back in play
44300 would be the perfect place for me to offload that non performer short I have been carrying for a while. Also a good place to think about taking out a contra long.
IG SA40
Advanced Member
Posted 28 May 2014 - 03:46 PM
No chance we going back up today, IMO.
Seems like the bull's back is broken today.
That's a nasty looking daily candle also.
'Bout flippen time. I see Chubby's daily "bikini top" is also forming up nicely.
IG SA40
The Oracle
Posted 28 May 2014 - 03:42 PM
No its purely MM or big funds...They showed their hand from Monday...but come 4pm we always went back up!!
Lets see if today follows the trend!!
No chance we going back up today, IMO.
Seems like the bull's back is broken today.
That's a nasty looking daily candle also.
Alsi future
I only post my views, not advice
The Oracle
Posted 28 May 2014 - 03:27 PM
This seems to be ZAR induced selling, but I'll take it none the less
No its purely MM or big funds...They showed their hand from Monday...but come 4pm we always went back up!!
Lets see if today follows the trend!!
HDB
The mediocre teacher tells.The good teacher explains.The superior teacher demonstrates. The great teacher inspires!!
Sage
Posted 28 May 2014 - 03:17 PM
IG CASH
The Oracle
Posted 28 May 2014 - 03:15 PM
If market closes below 100points from present lows then it becomes a short.
