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

[Trembling Hand]

The spi ended up at 4908, and the trader was absorbing at 4906. But no doubting that trader will likely take some profits at 50-100 up sometime in the next fortnight. I imagine guys like that are rarely wrong.

Broadway, He/She/They took a 36 mil position on that defend. Its very likely that they have a 200 mil equity long position (for example) that they are in some way wanting to defend or distribute at higher levels. Its not always a direct SPI trade.

All purely speculation of course but thats my guess, If they actually wanted a 300 lot position to flick a bit higher there is a lot smarter ways to take it than that. IMO.

 

[CanOz]

Broadway, He/She/They took a 36 mil position on that defend. Its very likely that they have a 200 mil equity long position (for example) that they are in some way wanting to defend or distribute at higher levels. Its not always a direct SPI trade.

All purely speculation of course but thats my guess, If they actually wanted a 300 lot position to flick a bit higher there is a lot smarter ways to take it than that. IMO.

Hey TH, nice to see you posting again.

Was thinking of you the other day while i was flying down a snowpacked hill!

CanOz

 

[Trembling Hand]

Was thinking of you the other day while i was flying down a snowpacked hill!

CanOz

That sounds very nice. What part of the world was it in?

 

[CanOz]

That sounds very nice. What part of the world was it in?

Northern China, we're actually just getting ready to go again today. We're buying our own boards today before we go. I'm quite excited.

CanOz

 

[skc]

I am going to call a short on break of 4906 with a 20 point target. That will see us finish breakeven on the XJO.

Hey TH, nice to see you posting again.

Was thinking of you the other day while i was flying down a snowpacked hill!

CanOz

The China market looks like it want to slide along with you today.

BTW, you ought to wear warmer gloves or you will have the TH.

 

[Trembling Hand]

Northern China, we're actually just getting ready to go again today. We're buying our own boards today before we go. I'm quite excited.

CanOz

Yeah that sounds great. I'm missing my usual feb trip this year to Japan/Europe to do a mountaineering course in NZ. A bit sad about it.

BTW, you ought to wear warmer gloves or you will have the TH.

Don't forget the storm trouper skid lid

My rig,

 

[CanOz]

Nice, looks like a lervly day too. Were you freeriding powder from the road?

Will have to start a winter sports thread i think. I'll post a vid of me from today, on a nice little slope outside of the city, err when my mate passes it onto me.

Cheers,


CanOz

 

[ThingyMajiggy]

Nice 40 odd point free fall over the last hour

 

[skyQuake]

Anyone get some SPI here? Very Nice vol lol
Whos up for gap fill EoD?

 

[Broadway]

Anyone get some SPI here? Very Nice vol lol
Whos up for gap fill EoD?

There was some volume in US banks after the fall last night.
But might take a while to turn around.

 

[Broadway]

Good volume in asx miners and banks today.
I'm in, she should swing up.
Knowing my luck Ill probably take heat for days though.

 

[skyQuake]

Good volume in asx miners and banks today.
I'm in, she should swing up.
Knowing my luck Ill probably take heat for days though.

Lots of small caps have reversed well off their lows too. Commodities arent helping though. But we should get some sort of squeeze on monday regardless

 

[skc]

Lots of small caps have reversed well off their lows too. Commodities arent helping though. But we should get some sort of squeeze on monday regardless

The small caps reversal are amazing today.

MCR low of $1.51 and looks like closing flat. That's 16% range... I am sure there are more stunning ones out there.

Is there a search function for % range in IB or something?

 

[marknz88]

I was skeptical off getting in on yesterdays lows and holding for a bounce come Monday..

I wish all those who got in luck come Monday and hoping we dont follow down another 2% (although I am hoping for that to get in )

 

[Broadway]

Metals showed a good bounce on friday, but oil dived at about 6pm friday, and I think that's a leader lately. Investors waiting for a pullback must be licking their lips. Fair amount of volume on sycom in the last hour,though. I got stopped ofcourse, but Ill look for oil to bounce and spi/bhp volume for another entry.
Interesting that HSI rose friday by 300+ in the second session.BTW, note to self, when the usd and usbonds rise together, make sure to look for shorts

I think this slide started on the 9th, with those nonfarm employment change numbers that came in much worse than expected. US bonds rose from that number and the USD hit bottom volume 2 days after. EPCR was around 0.5 for 4 days in a row.

Good luck for this week, happy hunting investors.

 

[ThingyMajiggy]

BOOORRRRRINNNNNGGGGGG

Its like Asia down and US up confuses it or something.

 

[skc]

BOOORRRRRINNNNNGGGGGG

Its like Asia down and US up confuses it or something.

I think we are confused because of the Australia day holiday. We didn't know whether to catch up to Asia's fall or follow the US up.

A nice triangle forming on the SPI that may break to the upside given how Asia is surging. HSI has a strong bounce off 20,000 points...

Got a small long in at 4630. Stop 10 pts, target 60 pts

 

[Trembling Hand]

I think we are confused because of the Australia day holiday. We didn't know whether to catch up to Asia's fall or follow the US up.

A nice triangle forming on the SPI that may break to the upside given how Asia is surging. HSI has a strong bounce off 20,000 points...

Keep an eye on China. they have really been spoiling any up moves for two weeks. With that said we are due a bounce. :run:

Got a small long in at 4630. Stop 10 pts, target 60 pts

Never tell the market your stop.

60 points? You know the average range for the SPI?

 

[skc]

Keep an eye on China. they have really been spoiling any up moves for two weeks. With that said we are due a bounce. :run:

Never tell the market your stop.

60 points? You know the average range for the SPI?

So that's your 200 contracts at the ask trying to trigger my stop?!

It's not a scalp or day trade but a position trade... more than happy for my target to be hit tomorrow.

 

[Trembling Hand]

It's not a scalp or day trade but a position trade... more than happy for my target to be hit tomorrow.

Yeah I thought about that after I posted.