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

[Edwood]

sorry opex = options expiry - triple witching last week.

 

[MRC & Co]

buy the Wed into opex, sell the Monday after Largesse

Altho looking like the sellign is early this time....

Why sell the Monday?

Seasonality stats I've seen are bullish leading into 'opex', not after........

 

[Edwood]

Seasonality stats I've seen are bullish leading into 'opex', not after........

exactly hence buy the Wed leading into Opex
and sell the Monday after Opex - tends to sell off the following week

 

[MRC & Co]

exactly hence buy the Wed leading into Opex
and sell the Monday after Opex - tends to sell off the following week

But isn't 'opex' the Thursday? So why wait for Monday?

 

[Edwood]

But isn't 'opex' the Thursday? So why wait for Monday?

ah yeah sorry obviously you're thinking local and this is an SPI thread so I should've made it clearer >> expiry in the US & Europe is 3rd Friday. since Aus tends to follow the US (all sessions anyway, in-hours as Trembling Hand has shown is often counter-US or gap fade) then its 'usually' a good play to buy into opex & sell after

 

[MRC & Co]

ah yeah sorry obviously you're thinking local and this is an SPI thread so I should've made it clearer >> expiry in the US & Europe is 3rd Friday.

Ah yes, I get you now. Confused me when you were talking about Largesse who trades the SPI.

Cheers

 

[Edwood]

Ah yes, I get you now. Confused me when you were talking about Largesse who trades the SPI.

Cheers

no worries - apologies for the confusion
I pointed this strategy out to Largesse a while back but he didn't seem that interested, just thought I'd mention it again given his frustrations with Wednesday
dyor & all that

 

[sammy84]

It doesn't get more exciting than this.......:sleeping:

 

[skyQuake]

BHP's range is 14c today zzz, banks cancelling each other out.
HSI is where the action is

 

[Trembling Hand]

Just LOFinL

Can the mods shut this thread down? We now know what is going to happen to the SPI next,

NOTHING!!

19 point range with 2.5 tick 5 min ATR. Its a joke!!


:fish: this thing is more interesting than watching the SPI!

 

[nomore4s]

:fish: this thing is more interesting than watching the SPI!

Moves about as much and as fast too:

 

[Largesse]

best market ever

 

[Naked shorts]

best market ever

how much longer are you stuck on this thing?

 

[Largesse]

forever, just got more size as well

still money in it, just have to adjust

 

[Naked shorts]

forever, just got more size as well

well u need as much size as you can get to make anything out of it.

 

[Trembling Hand]

still money in it, just have to adjust

To what? going nowhere?

Its had a 12 point range and that was set in the first 1/2 hour.

Oh look out its just taken out the lows. Range now 14 points. Wow!!

 

[>Apocalypto<]

forever, just got more size as well

still money in it, just have to adjust

adjust to what, there's nothing happening!

 

[baby_swallow]

hello world.
new member testing....

 

[baby_swallow]

XJO & SPI200 CHART APRIL 9, 2010 NOON

 

[cutz]

Nice charts baby_swallow,

So is the spi gonna get trashed in the weeks to come ?