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The Beast (ALSI)

Alsi top 40 FTSE/JSE

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#1 Polly

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Posted Yesterday, 11:08 AM

Attached File  a1.PNG   125.7KB   3 downloads

 

 

 

Daily chart of alsi

 

 

1. every indicator pointing upwards

 

2. captured vital 200 day moving average

 

3. red ma cut above brown ma since 8/01/2019 and remains above 

 

4. stoch overbought but trend remains intact upwards..can remain overbought for days/weeks with this strong trend

 

5. RSI still not in overbought

 

6. dmi/adx uptrend confirmed and no sign yet of selloff

 

 

seems previous high under threat..

 

This is a mere tech call. However fundamentals say we should be way below.

 

Alsi merely riding the momentum on world markets irrespective of the fundamentals of our economy and smart money is buying... Senseless fighting the trend unless world markets make a u turn..

 

Also helping this huge upturn is weak rand , brexit woes and of cos the huge discount that npn trades to tc as smart money starts pumping into npn...

 

 

If u see my last weeks summary , mentioned the one hour chart was very bullish.And true to its  prediction alsi put on over 1000p.

 

This weeks 1 hr chart also bullish with price having tested the brown ma and bouncing off...Also all indicators pointing upwards but highly overbought which can still continue this week too...


Edited by Polly, Yesterday, 11:10 AM.

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#2 Baywatcher

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Posted 22 February 2019 - 11:54 AM

Closed remaining short this morning at 4am - the benefit of having an IG account which trades after market- (and NO I don't work for them!!!).(and yes sometimes the market can go wildly against you after market if you don't keep an eye on it)

Went long as per strategy at 49573

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Edited by Baywatcher, 22 February 2019 - 11:56 AM.

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#3 Polly

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Posted 22 February 2019 - 09:41 AM

Fry Dag today so nice to catch a high and see what happens on a short


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#4 Polly

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Posted 22 February 2019 - 09:36 AM

short near 400...@382...


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#5 Baywatcher

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Posted 21 February 2019 - 06:54 PM

gut feel is deep red tonight in US..that durable order miss kinds of confirming the recession there...hoping fo0r deep red...gona hold my short overnight....nicely in money

 

The Dow30 pivot play is doing so nicely (demo mode). Think it's time to go live. 


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#6 Baywatcher

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Posted 21 February 2019 - 06:51 PM

gut feel is deep red tonight in US..that durable order miss kinds of confirming the recession there...hoping fo0r deep red...gona hold my short overnight....nicely in money

 

Looking ominous.... feeling better about the short


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#7 Polly

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Posted 21 February 2019 - 05:49 PM

EMAs crossed down

Price action below pivot

World indices red

Closed remaining long and now short (small position as overall trend still clearly up)

However if EMAs move below 500 ema then may add to short

gut feel is deep red tonight in US..that durable order miss kinds of confirming the recession there...hoping fo0r deep red...gona hold my short overnight....nicely in money


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#8 Baywatcher

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Posted 21 February 2019 - 05:04 PM

EMAs crossed down

Price action below pivot

World indices red

Closed remaining long and now short (small position as overall trend still clearly up)

However if EMAs move below 500 ema then may add to short

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Edited by Baywatcher, 21 February 2019 - 05:07 PM.

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#9 Baywatcher

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Posted 20 February 2019 - 01:24 PM

Nice one P. Could be a mixed day

 

yep,,,but us went up than down on slow volume last night...and gold running strongly..feel somethings up there....Im short  here @ 300 and will add at 400....if taken out tuff...stops at 500 for both if 400 comes

Managed to close half position near earlier high

Still holding other half long as no change in strat. conditions


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#10 Baywatcher

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Posted 20 February 2019 - 10:19 AM

yep,,,but us went up than down on slow volume last night...and gold running strongly..feel somethings up there....Im short  here @ 300 and will add at 400....if taken out tuff...stops at 500 for both if 400 comes

 

Nice one P. Could be a mixed day


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#11 Polly

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Posted 20 February 2019 - 10:17 AM

yep,,,but us went up than down on slow volume last night...and gold running strongly..feel somethings up there....Im short  here @ 300 and will add at 400....if taken out tuff...stops at 500 for both if 400 comes

stopped in 4 min...eish....


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#12 Polly

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Posted 20 February 2019 - 10:07 AM

think is fx may help longs big time today..already doing that...budget today


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#13 Polly

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Posted 20 February 2019 - 10:06 AM

As per strat. taken long position 

EMAs all crossed up

Price action above Central Pivot

Naspers up

World Futures mixed (but green in Europe)

yep,,,but us went up than down on slow volume last night...and gold running strongly..feel somethings up there....Im short  here @ 300 and will add at 400....if taken out tuff...stops at 500 for both if 400 comes


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#14 Baywatcher

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Posted 20 February 2019 - 10:02 AM

As per strat. taken long position 

EMAs all crossed up

Price action above Central Pivot

Naspers up

World Futures mixed (but green in Europe)


Edited by Baywatcher, 20 February 2019 - 10:04 AM.

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"...like the casinos, you will own the game and be a consistent winner..."
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#15 Polly

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Posted 19 February 2019 - 12:54 PM

and rtthe short @   :D  :D  :D

and here comes  :)  :)  :)


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#16 Polly

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Posted 19 February 2019 - 11:35 AM

and rtthe short @   :D  :D  :D


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#17 Polly

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Posted 19 February 2019 - 11:28 AM

Hi P...r u off your helpdesk..see your supergroup had rally

results out after close yesterday....better than market expected....


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#18 Midas1

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Posted 19 February 2019 - 11:25 AM

Hi P...r u off your helpdesk..see your supergroup had rally
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#19 Polly

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Posted 19 February 2019 - 09:53 AM

Sent Today, 09:47 AM

5 min stch reached 80..so expect consolidation or a bounce here,.......but 15 min says short...so short any bounce


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#20 Polly

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Posted 19 February 2019 - 09:45 AM

anther pop here and it comes back into the shorting zone.....

yesterdays post!!!!!!!!!!!!!!!!


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