Australian (ASX) Stock Market Forum

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

I've been shorting for 2 days now too. This is just so up and down at the moment. So slow and quiet. There really is a trend for selling early and buying back at the end of the day at the moment. hmm.
 
I feel like Bill Murray in Groundhog Day.. :eek:
 

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LOL at the SPI.

What a joke. Were are all the punters??

There was a squirt of liquidity at 4am for a short time last night. Managed to get rid of my shorts then. The first minute seemed to be full of liquidity at 9.50! The rest was like some other days it seems. It's all because I am on holidays at the moment :D! TH, do you think we are waiting for a retest of 3660-80 levels?
 
yeah

it's funny watching the average daily SPI volume go through in about 5mins on the kospi. big swings there
 
Speaking of a move.. 80 points during the night session. Not bad. Waiting for 3950.. Kospi is understandably a volatile market. However this thread is about the SPI, and there sadly isn't much to discuss. On a side note, Turbull back in top 200 richest Aussies with only 178 million...
 
Hi Ivan,

I know there's not that much opportunities in spi200 atm due to a relatively narrow trading range

Just wondering, how you doing on Crude and what you think of it currently? It's a market that's interesting lately and it looks really really overbought, yet it continues to rally with very very shallow corrections
 
Hi Ivan,

I know there's not that much opportunities in spi200 atm due to a relatively narrow trading range

Just wondering, how you doing on Crude and what you think of it currently? It's a market that's interesting lately and it looks really really overbought, yet it continues to rally with very very shallow corrections

Lol, I am still making more money on the SPI at the moment than Crude. Crude is feeling like the $147 spike all over in my view. Maybe I slightly exaggerated, but I do that. I am looking at the $67-8 levels at the moment for a rebound, but I have no clue where this will go. I was heavily shorting it all the way from 48ish to 58, with an average entry at around the 53 mark. So I got burned big time on there. I still short it every now and then, but it just doesn't seem to move down. I am guessing it will go down when S&P breaks 877 firmly to the downside. Then this whole baby should unwind (including ASX). But for now, upside seems unlimited.
 
Hi Ivan,
It's a market that's interesting lately and it looks really really overbought, yet it continues to rally with very very shallow corrections

Not sure what you mean, as I don't see a rally. I see a peak that could very well prove to be a pivot, meaning we could already be a couple of hundred points into the correction.
 
Interesting close we had. Looking like 3950 isn't out of the question again...

Yea I saw a tonne of asx20 EOD 1610 volume.
3950 should be easy, if not higher.
Might need to wait a week or two, but it should get there.
 
Yea I saw a tonne of asx20 EOD 1610 volume.
3950 should be easy, if not higher.
Might need to wait a week or two, but it should get there.

Not surprising. Any new news from the market depth screens? Seems like we are just slowly edging up higher
 
Well just about everybody but us has broken their trading range. US did it on the DAX open, HSI well through it and Nikkei now above it too.

SPI still way too low.
 
Well just about everybody but us has broken their trading range. US did it on the DAX open, HSI well through it and Nikkei now above it too.

SPI still way too low.

Lol I am short again :) entered 3900. Interesting to see how this one goes.
 
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