Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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I think Benny B out of bullets.

Rates are at 0% and QE3 would risk further reratings, As the ratings agencies warned they must REDUCE their debt.

Positive words just won't cut it this time i think, could be an interesting session tonight.
 
alexc2005 said:
haha. wow.

insane.

What happens tomorrow now..

Any hint of positive direction changes my attitude.

But who knows. Green today doesnt mean green tomorrow.

Also Notting- Fun to watch or were you trading?
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The guys a watcher.
 
nomore4s said:
I only wish trading conditions were this good every day.
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don't you worry about that....
i think there's more fireworks to come.....
that big kahuna US capitulation volume is yet to come....
in the meantime, just have a little sip of your champagne...
 
nomore4s said:
Been trading the Hong Kong futures, has now moved over 1000 points off the bottom:eek:
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Panic selling, panic buying... daytrader's manna, or not, as the case may be.

Certainly the range offers opportunities.
 
Sir Osisofliver said:
+1

Shorts were like printing your own money today

Cheers

Sir O
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It wasn't the shorts that made my day it was the longs off the bottom that made for truly great trading, not often the SPI moves 250+ points or the HSI moves 1000+ points in a session.

Stuffed up my trades on a few ASX20 stocks though, got shaken out of the trades just before the bottom, oh well can't win them all.
 
nomore4s said:
It wasn't the shorts that made my day it was the longs off the bottom that made for truly great trading, not often the SPI moves 250+ points or the HSI moves 1000+ points in a session.
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Yuuuuuup!!!!

Trading Aikido required... and cajones. :D
 
skc said:
The question remains whether Benny B pulls out a bazooka or just a water pistol.
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Whatever he does, as soon as he opens his mouth, watch the DOW drop.


He's the best contrarian indicator. Whatever he says, do the opposite
 
This afternoon showed a very decent gain, though not from its original open. Early afternoon showed All Ords down by $190 approx, and closed off $40 in gain this afternoon. $40 is miniscule, though it is $40 gain on top of the already set loss of $190.

Top 5 in Energy sectors recieved some gains, though CNA being exempt from this as yesterdays session showed almost $20 gain on their stocks making for good profits.

Perhaps some calm finally about to hit the markets? Panic selling for no reason has left it in shambles, but a glimmer of hope remains with todays gain, hoping it will lead to further gains bringing the market back up to irs ogirinal position as of a week ago before the crash.

FOMC meeting tonight so I hope some good news to come... Though Barack recons USA is still the safest market out there :p
 
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