Predictions for ASX Opening Tomorrow

[wideboythin]

Whats the feeling out there for the opening of the ASX tomorrow? Traditionally after an election it can go wither way but down seems more common that up. Whats the general consensus for this election, North or South?

 

[nizar]

Whats the feeling out there for the opening of the ASX tomorrow? Traditionally after an election it can go wither way but down seems more common that up. Whats the general consensus for this election, North or South?

North.

 

[wideboythin]

Any particular reason for the north prediction?

 

[YELNATS]

Any particular reason for the north prediction?

If I may jump in on your question, maybe:

1. Dow Jones up 181.84 points on Friday.
2. Federal election is over, removal of uncertainty.

regards, YN

 

[wideboythin]

Thanks for the info, I am new to these forums and new to trading so am just looking for any knowlege out there that will help. Thanks again.

 

[nizar]

If I may jump in on your question, maybe:

1. Dow Jones up 181.84 points on Friday.
2. Federal election is over, removal of uncertainty.

regards, YN

Gold price through the roof as well.

But it will be interesting to see if the rally is bought OR dumped into.

 

[wideboythin]

Gold Price, ok, another thing for me to keep an eye on. Thanks very much, Come on people, theres gotta be more opinions on this issue than that? Get your 10c worth in here. Theres got to be dozens of people with an opinion on this.

 

[tech/a]

Check the SPI futures--the answer is there.

 

[Kauri]

Retail sales for the first day of the holiday shopping season in the US.. (known as Black Friday.. will the retailers finish in the black for the christmas season) was around 8% to 8.5% up on last year. Black friday sales usually account for 4.5% to 5% of total holiday sales... so initial indications are that the US consumer is not slowing... yet... of course a lot of that is on credit!!!!
The US market has always been predominently driven by the consumer..
Cheers
.........Kauri

 

[alphman]

Markets tipped for a post-poll rebound

 

[Pager]

My

I think the Labor win has been anticipated, just about every poll had them down to win, so the market got what was expected so I think it will have little impact, if I had to choose then it would be up rather than down by the end of the day as any uncertainty and I think there was very little has passed.

 

[nizar]

Check the SPI futures--the answer is there.

Link?

 

[wideboythin]

So much good info out there, this thread could be kept going as a feeling for the next days opening eveyday. Keep the ideas comming, just what a new person to the markets like myself and many others no doubt need. Thanks everyone.

 

[tech/a]

Nizar.

You'll know in 5 mins.

But for future reference.

http://futuresource.quote.com/charts/charts.jsp?s=APS-SFE&o=&a=D&z=610x300&d=medium&b=bar&st=

 

[wayneL]

Nizar.

You'll know in 5 mins.

But for future reference.

http://futuresource.quote.com/charts/charts.jsp?s=APS-SFE&o=&a=D&z=610x300&d=medium&b=bar&st=

You're better off selecting the contract on the SPI, in this case, the Z (Dec) 2007 contract, rather than letting futuresource default to what it thinks is the spot. Otherwise the lack of liquidity will be misleading at times.

Try http://futuresource.quote.com/charts/charts.jsp?s=APS Z7-SFE&o=&a=D&z=610x300&d=medium&b=bar&st=

But bear in mind this expires soon, in which case you can select the next tradable contract : H (Mar) 2008

Also bear in mind the data is delayed by 20 minutes or so.

 

[macca]

Hi Nizar,

Go to SFE and open a game account.

http://sfetradinggame.if5.com/home.aspx

You can log in and it will give you live feed for the current contract right through the open market.

Macca

 

[wideboythin]

Thanks so much for all the great stuff there. Loads of help to not only me i'm betting. Any more gold nuggets out there for tomorrows opening? Looking good based on what i can find but who knows what the US market will do! I guess we'll find out in a few minutes.....

 

[JTLP]

Thanks so much for all the great stuff there. Loads of help to not only me i'm betting. Any more gold nuggets out there for tomorrows opening? Looking good based on what i can find but who knows what the US market will do! I guess we'll find out in a few minutes.....

Ermmm not really re: US market. You can watch it open up in the green (as I did last night) then scoot off to bed, only to find it 230+ in the red and think where did it go wrong?

Some nights i have watched it to 3:30am and its been ok, again just to wake up and see a crash. US sucks

 

[overule]

US market has been very volatile. When it tumbled, so does everything else.
With the ongoing credit issues, i think this is just the beginning. I will be really surprised if the bank can rally back up to where it was.

Traders are taking advantage of any good news with the subprime market. Just like today's news "Citi Sells Stake to Abu Dhabi Fund", how funny that everyone starts buying bank shares!!

 

[wideboythin]

So whats the feeling out there for tomorrow?