35854 replies to this topic

[Ninja]

Sure we can have a formula to track some market each day... One day ten cent, one day Dow, one day Dax, one day gold, one day oil price, one day rand, one day even my mother in laws mood.....

Our market is so far from fundamental economic reality and common sense.... That I'm really scared to buy at this stage

Not if but when trend turns, I will feel for those sheep committing new funds at these levels

[farouk]

We have a "W" on the 5 min chart.

A break will be bullish.+-140 points.

[HDB]

its ridiculous..our market should be tracking ftse,

We are tracking FTSE!!!

 

Simple exercise.....

 

Take out 118 points for Pound going from R17.41 tp R17.52 and another 136 points for NPN tracking Ten cents and we then negative!!

[delta66]

its ridiculous..our market should be tracking ftse,

[Ninja]

Just amazed at how strong our market is... Not sure when how or what will trigger some sanity to prevail. Just keeps running higher day after day.

[Beorn]

I'm long @ 44730

 

I will close some @ around 44800.

 

The rest I will leave to run to +-45050 and there I will go short again, with the sink.

[strydomk]

Assuming the market turns here ( not suggesting it will ), would this make a lower high?

[farouk]

There is a H&S on the S&P 1 hour chart.

Last night it made the right shoulder.

Neckline is about 1862.

A breach of the neckline should confirm a minimum target of 1822.

[bear catcher]

ZAR exchange rate can keep us going up while the rest drop, we will eventually start following if the drop is big enough.

Just my opinion

Look at commodities , all down today so even with weak rand we could go down from here.If you can remember Sunesis posted about this just before we had a bit of a down move in March if i am not mistaken?

[bear catcher]

Closed long 44600

[gannet]

I think we are seeing a slow rollover in the market

 

Some catalyst is needed to drive it down. There are a few potential contenders, both economic and political ... but one needs to raise its hand.

 

Like 2008 I think the correction will accelerate in August

 

For now ... this market is skweezing my nUtZ and if I get my hands on your cat Argento ... I'll club the thing to death!!

[Beorn]

Let's face it...TOP40 is another beast to trade and difficult to tame!

 

Went this morning through all the negatives on the US charts:

 

- VIX busy with a compression down wedge that is very bearish and on the brink of breaking out...

- SPX is over its RSI 70 and usually goes with strong corrections

- Market breadth is weak and showing strong negative divergence

- Summation Index has already rolled over

 

So the turn of the tide is near...this is just the smaller guys testing if there is any buyers left.....soon the big guns will start selling!

 

Can't see how last week's Thursday turnaround (daily + weekly candles) didn't change the trend...but time will tell!

 

A

 

ZAR exchange rate can keep us going up while the rest drop, we will eventually start following if the drop is big enough.

Just my opinion

[davidp13]

if this was a normal stock most would think this is the breakout they have been waiting for and today is a small retrace to new support line...

 

J200.png

think i called this...bounced!

[Argento]

This market will turn around when there is capitulation of the shorts. I thought we saw this last Thursday, but it seems like Mr Market has a different view.

 

There are many shorts around, and they are sweating, but obviously not sweating enough for Mr Market. 

 

I suppose the pain can get even worse.. 

 

K

Let's face it...TOP40 is another beast to trade and difficult to tame!

 

Went this morning through all the negatives on the US charts:

 

- VIX busy with a compression down wedge that is very bearish and on the brink of breaking out...

- SPX is over its RSI 70 and usually goes with strong corrections

- Market breadth is weak and showing strong negative divergence

- Summation Index has already rolled over

 

So the turn of the tide is near...this is just the smaller guys testing if there is any buyers left.....soon the big guns will start selling!

 

Can't see how last week's Thursday turnaround (daily + weekly candles) didn't change the trend...but time will tell!

 

A

Edited by Argento, 20 May 2014 - 10:06 AM.

[Beorn]

I'm long @ 44730

[bear catcher]

Delta i hedge my short at 44470 so my first reel short is at 44650 will sell my longs when i see a pullback hopefully for some profit. But now have to monitor situation closely.Got myself in a tight position

[K~~]

Ouch!!

 

Let's see if turnaround Tuesday comes around.....I still see the negatives but best mr market show us his colours!

 

A

This market will turn around when there is capitulation of the shorts. I thought we saw this last Thursday, but it seems like Mr Market has a different view.

 

There are many shorts around, and they are sweating, but obviously not sweating enough for Mr Market. 

 

I suppose the pain can get even worse.. 

 

K

[delta66]

Addicted to squeezed feeling adding short 44650 New strategy go against general opinion of forum.

  you not sweating alone BC..have a few shorts lower down, plan to hold and add on confirmed pullback.  running 50% hedged longs to offset the stress

[Shortboy]

Addicted to squeezed feeling adding short 44650 New strategy go against general opinion of forum.

 

[Argento]

Siem sala biem..let's see what 09:00 brings!

 

A

Ouch!!

 

Let's see if turnaround Tuesday comes around.....I still see the negatives but best mr market show us his colours!

 

A