Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

Jump to new
ECB is about to dump another truck load of money into the Euro zone.
Wouldn't be holding my breath for a dip at this point.
Once they get a few inflation spikes (or even a focus turning to that) in Euroland and US, ASX should start to even up with those markets as AU$ comes off a bit.
 
notting said:
ECB is about to dump another truck load of money into the Euro zone.
Wouldn't be holding my breath for a dip at this point.
Once they get a few inflation spikes (or even a focus turning to that) in Euroland and US, ASX should start to even up with those markets as AU$ comes off a bit.
Click to expand...

From what I read, depending on the number, and money's final use, it may be seen in a positive or in a negative light. So there is a chance that the dip may come sooner, though chances are it may take a little bit longer, as you say.
I am more wondering when this thread is going to be on fire again triggered by a sharp correction...so far everything markets have feared seems to be contained...for the time being at least...so we need a black swan, he, he...

cheers,
 
Yesterday spiked like a sell day, today I'm expecting a retrace of 20 - 30 points and then a small further retrace tomorrow which should be the buy oportunity.

For now it appears the crash has been deferred, however the volitility will remain.
 
notting said:
ECB is about to dump another truck load of money into the Euro zone.
Wouldn't be holding my breath for a dip at this point.
Once they get a few inflation spikes (or even a focus turning to that) in Euroland and US, ASX should start to even up with those markets as AU$ comes off a bit.
Click to expand...

depends if the money is used to plug up balance sheets or to buy gov bonds. give it a few weeks and keep an eye on euro bonds. or they may just lend it back to the ECB at a higher rate:confused:

if bond yields start to creep it would be an indication perhaps banks aren't buying them and keeping a lid on prices, and we all know what happens once they start to run away.

time will tell.
 
I don't think you need to worry about all that.
If the banks had no confidence at all they wouldn't bother with the 1% cost.
They have a use for it that will assist them whether it's plugging holes or investing in things at higher %. It's helpful to the macro picture and markets for the short to medium term until inflation kicks in.
 
notting said:
I don't think you need to worry about all that.
If the banks had no confidence at all they wouldn't bother with the 1% cost.
They have a use for it that will assist them whether it's plugging holes or investing in things at higher %. It's helpful to the macro picture and markets for the short to medium term until inflation kicks in.
Click to expand...

you're not concerned that the banks are clutching at straws? the ecb can only support them with 1% loan offers for so long, at some point they're going to need to raise funds on their own, 500 bill would surely indicate they are heavily reliant on the ecb offerings at the moment.
 
There are lot's of concerns out there to be sure.
However ECB is supporting for at least 3 years in which time quite a bit of money can be made!!!
 
Yesterdays retrace was higher than I expected and in my opinion it offered up a few buy opportunities, particularly in the last half hour of trade.

I expect we will have a 10 - 20 point gain today following on from the International markets last night.
 
notting said:
There are lot's of concerns out there to be sure.
However ECB is supporting for at least 3 years in which time quite a bit of money can be made!!!
Click to expand...

alot of money at quite a high risk these days;) i guess my point was that if the banks dont purchase euro bonds governments once again may not be able to service there debt. not to worry though i think it was in the australian today i read the yields were coming down so banks are obviously already buying up big.
 
It looks like the XAO was a front runner yesterday dropping 58 points (1.3%) with the rest of the markets dropping overnight. The DAX particularly took a decent hit.

I anticipate that we will have a further drop today, particularly in resources. Hopefully the initial plunge will be countered by the bargain hunters pushing prices back up a few points.
 
Four things it is correcting on-
1 China not as fast as naive people thought.
2 Money from ECB going back to ECB (spooking but temporary IMO)
3 Greece must default to uphold validity of credit default swap. So what?
4 No QE3. Not necessary is a good thing!

Why it will not last
1 Historical value is every where
2 laggers have been waiting for a pull back
3 Shorts have been crowding in for a correction after historic runs everywhere (except here!) - they will be closed out with relief.
4 Facebook. (IBM, Yelp, Apple to name a few already running on the new oil - tech)
5 Sell off was not high volume.
 
I doubt QE3 has anything to do with it - those hopes are long faded ( for now ).

I would imagine it's all about China and Greece.

Volume was lowish yesterday, but it's quite high today ( so far ).
 
Starcraftmazter said:
Volume was lowish yesterday, but it's quite high today ( so far ).
Click to expand...


Regarding Volume .......... Would anyone be able to post up a chart with the real Futs/SPI volume for yesterday/last week if possible?

I only have bucket shop data and am interested to compare .... Thanks:)
 
barney said:
Regarding Volume .......... Would anyone be able to post up a chart with the real Futs/SPI volume for yesterday/last week if possible?
Click to expand...

IB data so absolute numbers will be off but as far as comparison they do,

SPI 03-12 (Daily) 15_06_2011 - 7_03_2012.jpg

and Nasdaq

NQ 03-12 (Daily) 27_05_2011 - 8_03_2012.jpg
 
tanked and rebound as expected then tanked more than I expected. I thought China, Greece and flat Australian Interest rates were already factored in. However I have been expecting a pull back from the 4300 - 4400 towards the 4100 - 4200 area. Any more than that is sellers getting carried away imo.
 
Trembling Hand said:
IB data so absolute numbers will be off but as far as comparison they do,
Click to expand...



Thanks for that ..... The "relative" Bar sizes on AxiTrader are near enough to be useful on the daily.

Could you do me a favour and throw up a 1 minute chart on the Dax for the last couple of days .... Been doing some work on a range system and curious how close the short time frame volumes might be

Cheers.

Here is the AxiTrader Dax chart for comparison (bit fuzzy unfortunately)

ps Hows the ticker hanging in?
 

Attachments

  • DAX 1 minute.jpg
    DAX 1 minute.jpg
    165.9 KB · Views: 4
Top