Australian (ASX) Stock Market Forum

SPI200 Chat - What will happen next?? *suspense music*

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Yeah, its gone now:confused:

Thanks mate.

CanOz
 
yea CPI was flat. Anyhow I am out of my longs. Now I shall play the waiting game. Hopefully we go a good 2 handles higher. Oh and MRC i was thinking of shorting SPX too, but went against it. I just stuck with the good old directional :)
 
What do ya reckon? Down day for the NASDAQ? Ew, gold looking good (prediction), oil down.

Alot can happen between now and close, but will effect our market on Monday. Short traders rejoice ;) (hopefully, not speaking out of context :p:)
 
Aussiest said:
What do ya reckon? Down day for the NASDAQ? Ew, gold looking good (prediction), oil down.

Alot can happen between now and close, but will effect our market on Monday. Short traders rejoice ;) (hopefully, not speaking out of context :p:)
Click to expand...

Haha speaking about a tired bull!! I want S&P to break 877 and then I shorting the heck out of this baby! I get the feeling there could be one more squeeze though. Crude needs to break 55, and then its all over for it too! right down to 50.50 then 48, then 12.99, which is ironically what I bought a box of chocolates for. For those who want to know how I trade, I compare assets to chocolate prices! :D
 
ivant said:
Crude needs to break 55, and then its all over for it too! right down to 50.50 then 48, then 12.99, which is ironically what I bought a box of chocolates :D
Click to expand...

Ivant,

I totally agree that OIL can move down into your lower prices.

There is a breakout of the Primary trend in 2008, and price often moves
in double patterns, which is down into the Yearly lows in 2009. On my
levels its around the $16's

But whilst price is above the monthly 50% levels, there can be higher
prices in the 3rd Quarter, and up into $73.00.

So this pullback in MAY and those 50% levels in MAY-June are the key
levels.
 

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Haha nah mate, trading spot chocolates through woolworths markets :D Sadly expiry is quick after purchase :) Omg I am becoming so so lame :D

Haha thanks MR c :D I was expecting a little more from them, but it just wasn't happening last night. Woke up today, to a nice surprise today! By the way, I don't see oil going below $35 a barrel. I was just kidding. But A very interesting point of view, and I will not be too surprised if it happens. I get the feeling we need to retest the lows though for that to happen! Depression talk needs to be back on the table in my view.
 
It makes sense that today is a dud, as it's the first day in a week I haven't slept through trading hours :eek:. Makes me even more tempted to automate the trading.
 
Fwiw, lots of the popular small caps are fading through the day against the SPI both today and yesterday.
Looks like spec interest is dimming.
 
skyQuake said:
Fwiw, lots of the popular small caps are fading through the day against the SPI both today and yesterday.
Looks like spec interest is dimming.
Click to expand...

I've noticed that also but with some of the % gains that have been made in these type of stocks over the last month or so it isn't really surprising imo.
 
Sheizzus Christ looks like the SPI locals are off playing in other backyards.

Where the hell is the volume :confused:
 
Just as well. I've been awake 24 hours, so it would probably be similar to trading while drunk. My only goal today is to stay awake long enough to make sure I'll be up for tomorrow's session.
 
Trembling Hand said:
Sheizzus Christ looks like the SPI locals are off playing in other backyards.

Where the hell is the volume :confused:
Click to expand...

Yep, it's a disgrace.

What looks to be an algo bot, decimates the ability to do size without being caught in it's pulling, thinning and spoofing wrath, hope they figure out the SPI isn't a big European market or IMHO liquidity will subtley move elsewhere if it's not cleaned up (looks like it already is with the volumes lately).
 
MRC & Co said:
Yep, it's a disgrace.

This bot decimates the ability to do size without being caught in it's pulling and spoofing wrath, hope they figure out the SPI isn't a big European market or liquidity will subtley move elsewhere if it's not cleaned up (looks like it already is with the volumes lately).
Click to expand...

You know where to find the action Mr C :). You see its made a new high for the year today on a 40 tick runner from the opening lows ;)


:nunchux:
 

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