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PANIC!!!!! (Strategies for those long)

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Re: PANIC!!!!!

30 mins into today and out come the calls.

Theres more emotion here than a funeral!

Think!!!---Whats the market telling you---its over???
 
Re: PANIC!!!!!

tech/a said:
30 mins into today and out come the calls.

Theres more emotion here than a funeral!

Think!!!---Whats the market telling you---its over???
Click to expand...

It tells me to at least wait until 11:30am, before starting to think anything...this should be more than an ample amount of time for all the orders to be processed that originated overnight from people who couldn't get onto their online brokers during the day y'day.
 
Re: PANIC!!!!!

So much for a crash, plenty of people made tidy profits from this panic selling. To all those people who were chanting and predicting recessions, crashes and global famine you might have to wait a while for the apocalypse : :

In saying that though I reakon we still have good prospects for the next 6 months will increasing volitility and a chance for big probs in the end of year.
 
Re: PANIC!!!!!

At the moment I would say the same as yesterday! and that most would be taking the gains short. But it is anyones perogative to trade as they see fit T/A last thing ASF needs is another tall poppy chopper!.

Quite happy to own up to a call on MRE.....logical buy yesterday off depth on the spike with an announcement due out that day on a humper report (lol that never came out)......and today's proved right.

Volumes are low Today and thats of concern....
 
Re: PANIC!!!!!

Market crashes or corrections do not happen in a single day.
Look at the April bar in 2000, the *Bear market* made a new high from March.

Sentiment & confidence however are easily broken.
You will have a % of participants withdraw from the market based on yesterdays shenanigans, that is a little less buying power flowing into Mutual funds, any redemptions further forces equity managers into selling, as they cannot hold assets as cash.

Bear markets, corrections are notorious for sneaking up on you from behind.
Already I've seen numerous references to *the fundamentals* haven't changed.

The fundamentals of the vast majority of stocks currently are horrible. Overvalued, and screaming sell.

The US having recently experienced a bear market are very wary of another.
The housing market is bad and getting worse.
The credit cycle if not turned, is very close to turning, and then you will have a US recession with all the implications and ramifications that will entail.

But check out the chart;
 

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Re: PANIC!!!!!

Agree DUCSTER.

While we are posting charts here is a 6 min.of the last 2 days.
Notice anything?

There is a long consolidation here.
The longer the consolidation the more explosive the move.
This is a short term chart so the move---when it comes will only be short!

Funny that.
 

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Re: PANIC!!!!!

Still watching?
Whats it saying???
 

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Re: PANIC!!!!!

I have a horrible gut feeling that if I buy now amidst all this denial-euphoria I am going to end up holding crashing stock in a real surprise-surprise data-supported recession that not even the USA can 'deny', only to double the losses I suffered yesterday.

IHMO - Please DYOR

Thanks to everyone posting the charts and the data. I had started to think these forums were just for cowboys and rampers.
 
Re: PANIC!!!!!

When I got home yesterday, about midday I as 6K down, at close 2.7K down, now its 0.9K down, certainly pays not to panic.
 
Re: PANIC!!!!!

It's saying the index hit resistance at the top of the range and headed lower and price has broken to the downside of the trendline (or upward sloping wedge pattern) that formed.

Micro-trend direction, down.
 
Re: PANIC!!!!!


Agree Bob,

Thats why I'm a long term "investor" although I still see myself as a chartist and trader.

I only found out about Shanghai Squirts at 11.30 am yesterday.

I took 200k purely for techs into tech boom and exited with 200k, more through luck than skill.

Our Broking Houses, Trading Platforms are not sophisticated enough to day trade with any confidence unless you are in a wave 3 EW.

During 87 crash I kept pressing redial on my phone to Commsec or one of its predessors TDW or Rivkin , it took 4 hours to get through and I bought a heap of BHP at a ridiculously low price which I still hold.

I was thinking before yesterday of trying CFD's but will await the experience of our fellow posters before dipping in there.

Trust your portfolio is intact. Mine are down about 4%, but not much different from 1 month ago.

Garpal
 
Re: PANIC!!!!!

Momentum has dropped off from the AM peak and now stalled, most stocks are getting soaked in a tight range, things could turn on a dime.......and everyone is having some Lunch.
 
Re: PANIC!!!!!

Accumulation, distribution, or indecision???
 

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Re: PANIC!!!!!

Whats it saying???

SUPPLY
 
Re: PANIC!!!!!

is this just "dead cat bounce" ?
nikkei down another 200 point
sse180 also down another 3%
any opinion guys ?
 
Re: PANIC!!!!!

Or??

Same thing.

any opinion guys ?
Click to expand...

Been making it all morning.

Whats it saying??
 

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Re: PANIC!!!!!

tech/a said:
Or??

Same thing.
Click to expand...
Supply is holding something, transport is moving it, distribution is the combination. Semantics.
 
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