SPI200 Chat - What will happen next?? *suspense music*
- Thread starter ivant
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skc
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Bit late isnt it?
Didn't get the order filled - too busy typing.
Just as well though.
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US job numbers out tonight. I have a feeling the result of this will finally give the market a direction one way or another. Well at least I hope it will, I'm sick of this spin cycle
skc
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300 in the ask between 3798 to 3800...
Let's all hit them guys!!!
Seriously, I think they will break after 4pm...
Let's all hit them guys!!!
Seriously, I think they will break after 4pm...
Looks like I was right
How long have you been riding those shorts?
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Whos in for a false break down followed by a sharp rally?
-Everyone punter and his dog are bearish
-People say reporting season must have some shockers
-Post window dressing will see the end of money flowing in
-H&S on the XJO and a few majors, potential breaks forming on many banks
-Just saw a CNBC segment about why you should sell now.
-Everyone punter and his dog are bearish
-People say reporting season must have some shockers
-Post window dressing will see the end of money flowing in
-H&S on the XJO and a few majors, potential breaks forming on many banks
-Just saw a CNBC segment about why you should sell now.
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I actually thought sentiment was positive on the reporting season globally?
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I am of the opinion that the ASX should have had a 10% correction at these levels 6 weeks ago. But it was drivin higher on Speculation and false hope.
I think most people are not bearish but bullish but they have been waiting to buy on the dips or a 10% correction etc.
I think this will be the head fake that sucks the last of speculators in and by Sept at the latest we will retest the lows.
Happy to sit in cash and watch for now!!
My
G
I think most people are not bearish but bullish but they have been waiting to buy on the dips or a 10% correction etc.
I think this will be the head fake that sucks the last of speculators in and by Sept at the latest we will retest the lows.
Happy to sit in cash and watch for now!!
My
G
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Not sure about globally but a few brokers are saying "hold" instead of the usual "buy" or "strong buy"
I've been short for months, on and off. The last set has been on for about a month. But I have added shorts and sold them off, etc.
I don't think we will break, I think 880 will hold on S&P for a little while. The bar for earnings in the US is so low, it will be a little too hard to have bad results. Regardless, my view is we will be looking at the earnings guides for next quarter. I am interested to see if 930 will hold resistance-wise. I am lightly long for now, and will short heavily at 930 again (3900-4000 SPI200 I think). I get the feeling there is going to be a lot of money put in the market at the current levels to create a false rally, and then break to the downside later in the year. I still see a retest of 750 in October and possibly 666 if we have a cold summer in the US.
I don't think we will break, I think 880 will hold on S&P for a little while. The bar for earnings in the US is so low, it will be a little too hard to have bad results. Regardless, my view is we will be looking at the earnings guides for next quarter. I am interested to see if 930 will hold resistance-wise. I am lightly long for now, and will short heavily at 930 again (3900-4000 SPI200 I think). I get the feeling there is going to be a lot of money put in the market at the current levels to create a false rally, and then break to the downside later in the year. I still see a retest of 750 in October and possibly 666 if we have a cold summer in the US.
Well done on the shorts Ivan.
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Looks like I was right
What's your time frame on these trades on how tight is your stop? From memory crude has rallied quite a bit from when you said you entered your shorts. So you were also wrong if you were trading in a shorter time frame
Well done Ivant.
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We've had two days now of almost no movement.
Does this usually happen before a reversal, or before a break through support/resistance?
I've seen both, where we bounce off support a few times then break through it, and other times where we bounce off support a few times only to start a new rally.
Anyone know which is more common?
Does this usually happen before a reversal, or before a break through support/resistance?
I've seen both, where we bounce off support a few times then break through it, and other times where we bounce off support a few times only to start a new rally.
Anyone know which is more common?
Trembling Hand
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Flip your coin. 3 to 5 day clusters are a standard move and consolidate patten for the SPI (in fact most markets). not a bad way to filter trade positions as to whether we are range bound or moving to a new 'value' area.
This is cash hour only moves.
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Trembling Hand
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divs diff between two contracts
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Did some calcs, doesn't seem to be 30pts worth of divs. Not sure wuts going on lol
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