CanOz
Home runs feel good, but base hits pay bills!
- Joined
- 11 July 2006
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Well I dunno about anyone else but I thought the Dax was going to do the exact opposite to what it's done, thought the down push would keep going, but alas, plan b! Bit of short covering maybe?
The DAX is looking a bit bearish...having said that I'm long the open, as we saw a nice b pattern into yesterdays close and we're getting some short covering, but watching how we treat this current bracket nonetheless..
I posted this on our chat....same thinking...
On our chat? Yeah I was half expecting some short covering too, but to me it seems fairly strong, 50% or so of yesterdays entire range seems like severe short covering
Jigsaw Chat...
Its rotating now, lets see if the VWAP holds it or its going to other side of the bracket...
Yeah how'd you get the login for that? Would like to see him tackle the DAX and Seng :1zhelp:
The Chat? I just sent him an email...i think the chat uses your Jigsaw login anyways...
....yesty was an inside day
The world-beating rebound in Chinese equities is failing to scare off short sellers.
The Hang Seng China Enterprises Index, which led declines among global equity gauges this year through March 20, has since rebounded 7.3 percent for the world’s biggest gain. Traders who piled on bets against the iShares China Large-Cap exchange-traded fund during the rout have maintained those wagers even as stocks jumped. Short interest hit a record 29 percent of shares outstanding on March 24 before slipping back on March 26 to match its level before stocks began rallying, Markit data show.
There has been a funky arb bot running the rollovers for the last 6 months or so. We have runs that get way over-extended. I haven't completely figured out what the hell its does but Its something like running the heavier month aggressively while using the other three contracts to stay flat...I wonder if these guys are spreading thier short postions out against the HHI and driving the short covering rally in that even more?
Given its the end of the month, whats the odds of a decent retreat at the end of the day or Monday??
China’s Stubborn Short Sellers Take on World’s Best Rally
There has been a funky arb bot running the rollovers for the last 6 months or so. We have runs that get way over-extended. I haven't completely figured out what the hell its does but Its something like running the heavier month aggressively while using the other three contracts to stay flat...
Either way don't stand in its way..... or better still load up and go for a ride.
Stock market, Australian dollar buoyed by China stimulus hopes
Stock market, Australian dollar buoyed by massive hedging as short sellers rush to cover their A**es!
Bloomy headline....
Should read....
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