SPI200 Chat - What will happen next?? *suspense music*
- Thread starter ivant
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will it bounce off 3882 again? massive numbers there around 10.10
Well it looks easy but that only lasts till you try it with your own money
Ha! Yeah, the perfect experience. You will never know until you try it with your own cash
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this is a good fight
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same level wins again
Trembling Hand
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We will probably get a tight range day. Perfect for an explosion come Friday
What's your gut feeling TH, up or down.
Trembling Hand
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I see, i'd better steepen up my wings.
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here we go again
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mental note for next time. If those big lots don't hold at a support level immediately flip the order and ride the trend down.
Trembling Hand
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so much for my ideas hey!
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so much for my ideas hey!
just means it will need to explode even bigger to the upside tomorrow
Are you going to get out at 3700?
Most likely
Depends on how much panic will be created if and when it hits there. Seems to me there is a wedge, with some support at 3700, at least that explains the previous few pullbacks. After I'd wait for the indicators to get back from oversold conditions, which at 3700 they will be.
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so much for my ideas hey!
Na, I think your idea was right, there didn't look any way the selling was going to crack through those levels.
Then out comes Bank of America news that it will need an extra 25 billion in equity, which came out at the same time as our retail sales which drove us up for a few minutes (better than expected, no wonder after Rudds handouts). S&P also had some volume to get through on the bid, but once it did, and the HSI opened, it was crash time! This seemed to give SPI the momentum it needed to break through, but those buyers did a heck of a job!
Looks like weakness is being bought into at the moment. That's how I saw it, not that I managed to actually trade it well!
Trembling Hand
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Yeah the Bears didn't really give it the shake that they could of. Plenty of willing bids,
Come on Bears thats all you got???
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What do you mean?
ROLFMAO at the vid, yes, that's the way it's been for the bears lately, other than profit taking, everyone seems afraid to actually give it a real push!
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