Australian (ASX) Stock Market Forum

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

hi guys
is there a reason for a big move on spi200 compare to other asian markets?

Pull up a chart of the ASX200 over the month... since Jan 10 we just keep hitting lower low's...

Elliot Wave Theory perhaps... the all powerful 3rd motion? ASX 200 could be 3000 by end of Feb at this rate :eek:
 
Think they have always had that. You still have to pay someone to clear for you but no exchange fee which is about 1/2 brokerage. I think.

Hmm so 1/2 price of say doing everything though fortis?

Wonder how many months you get before the exchange rebate ends?

It has been around since I started trading it. Too bad the 'institutions' take the rebate!!!! :(

3m for private traders
6m for insto traders

Looks like the 'insto' would rake quite a bit off that!
 
Hmm so 1/2 price of say doing everything though fortis?

3m for private traders
6m for insto traders

Looks like the 'insto' would rake quite a bit off that!

Gracias.

The Q, not sure I get what your asking Quake? But there are 2 parts of your brokerage, first to the exchange (SFE), second a fee to the clearer (Fortis, MF etc), so if it's $5, then you would get $2.50 per trade the first 3-6 months (assuming it's split 50/50, as you would get the entire exchange fee back, i.e. if it was 80/20 exchange/clearer, you would get $1 trades). Yep, rip-off pr*cks, everybody takes a piece of your pie!
 
Grrr missed the open run playing "dic for a tick" game. Then get stopped outta 4 shorts. Last one 2 ticks from high before the roll over! :eek:

Then make up it all up in a 20 sec trade on the HSI. I don't know why don't I just let that SPI go? :cautious:
 
Anyone buying today?
Looks to me like the bhp and spi volume is already in the market.
Could take a few days as usual, could be tonight.
Anyone agree/disagree?
 
Anyone buying today?
Looks to me like the bhp and spi volume is already in the market.
Could take a few days as usual, could be tonight.
Anyone agree/disagree?

I reckon if non-farms comes out bad tonight, there is going to be a meltdown!

P.S Which will probably be the low of this move ;)
 
5 minutes of live in the SPI :eek:

Thats it folks, nothin to see here, its over now, move on please.

Back to your normal programing now. ;)
 
What causes things like this? short covering or something? :eek:
 

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What causes things like this? short covering or something? :eek:

Looked like it was equities driven? Buy progam ticked everything up.

Think we're close to a bottom, In the Russell 3000 decliners led advances 17.5 to 1, and Correlation went through the roof. No bounces in the small caps today which is nice, retail punters are afraid of buying the bounce which prob means the low is close.

Gotta love Citi marketmakers, SPI close to some calls barrier level and they don't push through it!
 
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