7 votes
Advanced Member
Posted 23 March 2016 - 04:28 PM
alsi is weak...intrinsically sickly...metals are way down...alsi cannot rally can it?..i doubt it,,,but i hold some d.i.c.k money
where the 3:30 big deal pro rally guys. Obviously taken easter week off. Or they no longer like buying and prefer selling. Im watching and waiting. This is quite boring.
The Wizard
Posted 23 March 2016 - 04:18 PM
alsi is weak...intrinsically sickly...metals are way down...alsi cannot rally can it?..i doubt it,,,but i hold some d.i.c.k money
The Wizard
Posted 23 March 2016 - 04:15 PM
i still got my longs...actually added 3 more...long 6 cost 071....not looking good for them...BUT the wedge is indeed holding here....want a really good spike for sure...short below 46987 10 minutes...or second break
Advanced Member
Posted 23 March 2016 - 04:13 PM
longs here are precarious at best...the metals complex is retrenching...alsi will do well to hold onto any spike if any at all....
------I said short at 48400...and short it was...is. that's right
-------bulls aren't very chatty huh.
bears are timid. I think we go up here.
Advanced Member
Posted 23 March 2016 - 04:09 PM
u could be right Mr Abt...little alsi wedge target 47600
Im out longs for 20 pip loss. Re enter 47000. Cover short below 47000.
The Wizard
Posted 23 March 2016 - 04:00 PM
longs here are precarious at best...the metals complex is retrenching...alsi will do well to hold onto any spike if any at all....
------I said short at 48400...and short it was...is. that's right
-------bulls aren't very chatty huh.
The Wizard
Posted 23 March 2016 - 03:52 PM
closed all shorts.....long 3 ...067
The Wizard
Posted 23 March 2016 - 03:45 PM
u could be right Mr Abt...little alsi wedge target 47600
alsi wedge23 mar 16.JPG 93.31KB
5 downloads
The Wizard
Posted 23 March 2016 - 03:41 PM
u could be right Mr Abt...little alsi wedge target 47600
Advanced Member
Posted 23 March 2016 - 03:39 PM
First major support I got on daily... 46800... 23.6% Fibo and coincides with break out channel..IMO
15 JUN16 ALSI.png 446.95KB
4 downloads
Advanced Member
Posted 23 March 2016 - 03:27 PM
Long order 47100. 3 contracts
The Wizard
Posted 23 March 2016 - 02:48 PM
yeah 47200 small support....above it below it...for now...will add below 187 1 hour...close above it 10 minute
Advanced Member
Posted 23 March 2016 - 02:40 PM
Letting my shorts run for mom.....ALSI VERY WEAK given surrounding markets.......Lessee
The Wizard
Posted 23 March 2016 - 02:29 PM
ok small support line...47200...closed 10 contracts still hold 4 short
The Wizard
Posted 23 March 2016 - 02:23 PM
and Cappin ZZ clocks 1000 points on PV 207 contracts short.
Advanced Member
Posted 23 March 2016 - 01:58 PM
ABT, be very careful. On days like today they will rip the divvie out of your account if you remain short on the cash contract. The div for today is more than 200 pips, so 2grand for every mini contract. They pay interest at SAFEX-2.5% on shorts and charge interest at SAFEX+3.5% on longs. Safex rate more or less the same as repo rate.
In the long run, the bank always wins.
Edited by JJBen, 23 March 2016 - 02:00 PM.
The Wizard
Posted 23 March 2016 - 01:11 PM
indeed Mr Z...here is channel breakout....check target 46200....ish...eish
alsi mar 23 test.JPG 201.85KB
14 downloads
Advanced Member
Posted 23 March 2016 - 01:04 PM
Okidoki....ALSI closed below neckline of H&S.....objective is 46400 Lessee if it will materialize into something???
Advanced Member
Posted 23 March 2016 - 12:58 PM
Out 20. Covered balance of 10 47350.
Just a tip. When short IG mini cash cover with June mini long contracts. You earn interest on short and don't pay on longs. I was earning around R400 every night I had my shorts. If you hold shorts for an extended period and keep covering longs it's free moola. Not that much but free anyway. No thinking required. Trading that pays you instead of forking out on stupid brokerages. If your long mini cash then you pay interest and that's kak.
Tnkx for TIP..MR ABT
Advanced Member
Posted 23 March 2016 - 12:11 PM
