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

[Trembling Hand]

looks like 3960 is the new 3950 :

 

[beamstas]

Come on 4000 Come on 4000 Come on 4000

I think i can.. I think i can.. I think i can..

 

[skc]

looks like 3960 is the new 3950 :

Was that ivan's 350 contracts at 3940 that didn't get filled?

 

[beamstas]

Was that ivan's 350 contracts at 3940 that didn't get filled?

LOL

No offense ivan

But im going to pay the $5

Just so i can trade against you

Few weeks ago you were shorting CRUDE & the SPI

And now Shorting the AUD

There could be some money in this

 

[jersey10]

Come on 4000 Come on 4000 Come on 4000

I think i can.. I think i can.. I think i can..

here it comes

 

[skc]

here it comes

Don't get overly excited. 3965 now the new 3940.

(Doubt it will hold up in the afternoon - but purely guessing here)

 

[jersey10]

Don't get overly excited. 3965 now the new 3940.

(Doubt it will hold up in the afternoon - but purely guessing here)

4k by the end of the session?

 

[beamstas]

Come on! You can do it!

 

[Frank D]

It needs to clear 3988 to head towards 4021...

It it fails @ 3988 and drops below 3965 after 3pm then it's not going up.

 

[CapnBirdseye]

5 left to go. I'ts on like donkey kong.

 

[beamstas]

Everything has come to a halt at 3995... seems everyone is just waiting...

 

[Mr J]

Don't tempt me to short here. I don't want to do it.

 

[CapnBirdseye]

Don't tempt me to short here. I don't want to do it.

Haha. Well I resisted. Stopped up nice and tight now though.

 

[Trembling Hand]

Everything has come to a halt at 3995... seems everyone is just waiting...

watch it go through now that I have flipping the 3996/3995 spread 4 times and wipe my profit

 

[Mr J]

So tempting.

Famous last words: I'm in.

 

[ivant]

Its an amazing short opportunity. I am just being a little conservative at the moment, and not doubling my bet just in case Dow hits 9000... A likely scenario. I have never seen such high overbought levels on the 4 hour... despite that, this can go anywhere... (still short 50 lol)

 

[Trembling Hand]

I am just being a little conservative at the moment, and not doubling my bet just in case Dow hits 9000... A likely scenario. I have never seen such high overbought levels on the 4 hour...

got a chart of said "high overbought levels on the 4 hour"?

 

[Mr J]

Fall, baby, fall.

 

[nomore4s]

Its an amazing short opportunity. I am just being a little conservative at the moment, and not doubling my bet just in case Dow hits 9000... A likely scenario. I have never seen such high overbought levels on the 4 hour... despite that, this can go anywhere... (still short 50 lol)

But won't it only take 4-8 hours of sideways action to unwind that "overbrought" level. Prices could just consolidate now above 3900.

Alot of strength in the market atm not sure I want to be betting against it yet - on my timeframe anyway.

 

[Trembling Hand]

I guess the problem with getting fixated on lagging indicators is that,,