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

[sails]

What brand of crystal do you use?...

Yeah, would be interesting to know how Cartman could be so specific in a forecast AND get it so right...

 

[ivant]

I have to say, that the reason Cartman was so right, is because, he essentially IS THE MARKET. Trust me On a serious note, Cartman knows more about the markets than all of us combined! He is very in the zone at the moment! Keep it up man! Maybe put a little money to the test?

 

[Cartman]

What brand of crystal do you use?

lol --- extra sprinkling of lead oxide but its murder on the lungs !!

Yeah, would be interesting to know how Cartman could be so specific in a forecast AND get it so right...

would you believe Gann cycles !! --- or i just got lucky ----

Keep it up man! Maybe put a little money to the test?

haha --- M8 i really hope this rolls over a little by tuesday/wednesday for ya ----- i'm nervous and its YOUR money !! (prob easier not to watch the open tomorrow !!) --- good luck.

 

[sails]

...would you believe Gann cycles !! --- or i just got lucky ----

lol - I initially typed that very question in my post with an .....
...but wasn't game to mention the G word on ASF anymore, so promptly deleted it...

Dunno what to believe - could easily have either been Gann, luck or both - or maybe something else but crystal is harder to believe... Anyway, whatever the method, well done with the forecast!

Now, any chance of letting us know your forecast for the high and low tomorrow on the spi?

 

[beamstas]

Cartman my IB account name is beamster and my password is iwearpinkfluffyundies

Just trade the SPI for me please ty

 

[MRC & Co]

LOL C-man, what a call!

 

[Cartman]

Now, any chance of letting us know your forecast for the high and low tomorrow on the spi?

haha ---- no doubt ive set a precedent i will never be able to emulate ---- although to be fair i made a similar call on the EUR/GBP the other day lol --- but that is more up my alley !!

Cartman my IB account name is beamster and my password is iwearpinkfluffyundies

Just trade the SPI for me please ty

how the hell did you get my password !!!! ------ security to section 9 !!!!!

LOL C-man, what a call!

lol ---- hi Mirc ---- kinda funny eh !!

actually very interested in what yourself and TH are reading into the DOM at the moment ??

the reason ive taken an interest in the "Oz" is because Ivan has a pretty serious "Short commitment" riding on it --------- and i'm a little concerned that the big boyz might squeeze this a little higher as they reverse their "long" positions b4 a dump ----------

you (or TH) got any "vibe" on whats going on with that ?? ---- Cheers.

 

[MRC & Co]

you (or TH) got any "vibe" on whats going on with that ?? ---- Cheers.

To be honest, I've got very mixed signals at the moment. There are definately some huge profit takers in there, however, the buying is just relentless.

Data being released is very very mixed at the moment, some is great, some is terrible and the reactions to data either way of expectations, are all over the place. It really makes me think this is a very critical point we are at, at the moment.

I'm still bearish, but a close of the XJO above 3800 one day, will turn me bullish.

We false broke the previous Jan highs, and there is rarely a false break of a false break, so I would be worried about shorting a spike if this does turn bullish again. I think it would be more likely for us to go through the 4000s.

That's my anyways, I know TH is bullish at the moment.

Cheers and good trading Cartman!

 

[Bobby]

I have to say, that the reason Cartman was so right, is because, he essentially IS THE MARKET. Trust me On a serious note, Cartman knows more about the markets than all of us combined!

Whats really funny is the dopes who bagged him not long ago !

Go Cartman Go

 

[Cartman]

Whats really funny is the dopes who bagged him not long ago !

Go Cartman Go

cheers Bob

To be honest, I've got very mixed signals at the moment. There are definately some huge profit takers in there, however, the buying is just relentless.

Data being released is very very mixed at the moment, some is great, some is terrible and the reactions to data either way of expectations, are all over the place. It really makes me think this is a very critical point we are at, at the moment.

I'm still bearish, but a close of the XJO above 3800 one day, will turn me bullish.

We false broke the previous Jan highs, and there is rarely a false break of a false break, so I would be worried about shorting a spike if this does turn bullish again. I think it would be more likely for us to go through the 4000s.

That's my anyways, I know TH is bullish at the moment.

Cheers and good trading Cartman!

thanks for that Mirc ------ agree, looks very pivotal point atm ---- 4000 !!! geez -- Ivan just had pups !!! --- ive got 3875 as a maximum roll over point, but would like to see it turn around a lot lower than that !! if it clears that with any upward momentum, all bets are off !! Cheers.

 

[ivant]

Well I guess only time will tell where we go from here! A fair bit of data coming out in US. THey aren't generating anything. Stress tests, and Unemployment data this week.... Sell on the news on Thursday and some buying on Friday after a shocking number? All possible!

Let's see how we go in the morning.

Ivan

 

[Bobby]

Ivan seeing you have the guts to hold for now , my feeling is another up before the plunge later next week.

Directional trading is your forte :- go for it

Best wishes to your success .

 

[Aussiest]

my feeling is another up before the plunge later next week.

I've been saying that too. At first i was bearish, but that was when it last reached 3880.

I'm thinking it will get to 4000-4100 before fatigue sets in.

 

[sails]

That was some large volume that went through - I have 292 lots showing up on a 15 second chart. I noticed a seller sitting in the queue with 240 lots. TH or MRC - is there anything to be read into that because the spi continues to climb at the moment? Or is it a case of trade into it?

 

[Trembling Hand]

That was some large volume that went through - I have 292 lots showing up on a 15 second chart. I noticed a seller sitting in the queue with 240 lots. TH or MRC - is there anything to be read into that because the spi continues to climb at the moment? Or is it a case of trade into it?

Just some blocking volume at 3120 from one of the Boyz, MrC? (250 sitting in the ask). I got short at 3818 after trading long all morning. so too many others as it got quickly chewed up!! Actually think as per usual it was mostly pull - mostly cuz I managed to cover and flip into it.

 

[skc]

Just some blocking volume at 3120 from one of the Boyz, MrC? (250 sitting in the ask). I got short at 3818 after trading long all morning. so too many others as it got quickly chewed up!! Actually think as per usual it was mostly pull - mostly cuz I managed to cover and flip into it.

Hmm. I did the same short trade, and closed soon as the 250 was chewed up.

But I didn't reverse - and Mr Market gave people plenty of chances to enter long around 3122 mark. Need more training on finger quickness!

 

[Uncle Festivus]

Was waiting for 3850 to be re tested, looking like.... a...... fail??

 

[sails]

Just some blocking volume at 3120 from one of the Boyz, MrC? (250 sitting in the ask). I got short at 3818 after trading long all morning. so too many others as it got quickly chewed up!! Actually think as per usual it was mostly pull - mostly cuz I managed to cover and flip into it.

Good one - at least you managed to flip! I'm still in the demo trying to work out Frank's levels...

Yeah, I find it's hard to work out if the big volume is pushing or pulling. On occasions, I have noticed if big volume gets chewed up like that, it will often go against it for a while - and often quite strongly. But then not impossible for it to eventually come back down to those levels or even lower.

Also, I guess with the SPI, there is always the possibility that one of the boyz are using the spi to hedge something else. So while it looks bearish, perhaps it is just a hedge to an otherwise bullish position. If so, that would have to make volume a less reliable indicator on the spi.

 

[42S]

Just some blocking volume at 3120 from one of the Boyz, MrC? (250 sitting in the ask). I got short at 3818 after trading long all morning. so too many others as it got quickly chewed up!! Actually think as per usual it was mostly pull - mostly cuz I managed to cover and flip into it.
__________________


Please enlighten me on who you think the boyz ?? are ? institutions or Locals?

 

[Trembling Hand]

Please enlighten me on who you think the boyz ?? are ? institutions or Locals?

Sorry 42s they didn't have a name attached to them

Maybe you can tell us?