Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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skc said:
And just like that we are 50pts off from the top.

My guess is that the overseas instos who sold out last night deploying their cash into emerging markets and those connected to them. Taiwan is up 3% or so which usually indicates offshore funds flowing.

I am at a lost today and so not a lot of trading for me.

Now QBE needs to make some announcement soon surely.
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You are hoping for QBE to bring a negative turn?
 
KurwaJegoMac said:
Agreed on WOW! A rocket just fired under the ASX...

On the back of a jump in unemployment to 5.1%? :eek:

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600x300.jpg

Picture of Tech/a after the market blasted through his stop limit...
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Garpal Gumnut said:
The blue coat is saying

" I'm getting the **** out of here, but at a time of my choosing, in about 25 minutes time.

gg
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Here it goes, testing, testing , one , two..... three.

gg
 
I want to show you something

No more 4s
Boggo
and anyone else interested.

This is more common in STOCKS!

The chart is self explainatory ---4s--- have a look at your HSI charts and see if you can see a correlation.I often see it in the FTSE I use 3 min charts.
The signal is common in all timeframes.
I use smaller timeframes if its really volatile.

This is todays SPI 1 min chart.

There is accomanying analysis to set a buy or sell trigger.---other than that shown.
The Stochastic 14 period is there to help with over bought /oversold and divergence. I use a break of immediate trend for the trigger.
Exit well thats another group of setups.

Your analysis must be very clear as to wether the EFFORT is exhaustion or demand.
Hence the need for accompanying analysis.

Click to expand

Something.gif

Another has just appeared on the 1 min SPI and is yet unclear as to where the effort lies Supply or Demand.
Something will happen SOON.
 
tech/a said:
I want to show you something

No more 4s
Boggo
and anyone else interested.

This is more common in STOCKS!

The chart is self explainatory ---4s--- have a look at your HSI charts and see if you can see a correlation.I often see it in the FTSE I use 3 min charts.
The signal is common in all timeframes.
I use smaller timeframes if its really volatile.

This is todays SPI 1 min chart.

There is accomanying analysis to set a buy or sell trigger.---other than that shown.
The Stochastic 14 period is there to help with over bought /oversold and divergence. I use a break of immediate trend for the trigger.
Exit well thats another group of setups.

Your analysis must be very clear as to wether the EFFORT is exhaustion or demand.
Hence the need for accompanying analysis.

Click to expand

View attachment 43966

Another has just appeared on the 1 min SPI and is yet unclear as to where the effort lies Supply or Demand.
Something will happen SOON.
Click to expand...

Something crash or something rally?
 
alexc2005 said:
So did you predict a selloff?

Or just predict something would happen?
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No we look for that effort after a run down (as it has) as exhaustion of sellers.
So once we have this confirmed then its a long play.
If not confirmed stat. Just got confirmed

WOOOSH
 
There is a string of bars at 4080/90 which act as resistance so a critical point here.
Stop to B/E

BOOM
 
tech/a said:
No we look for that effort after a run down (as it has) as exhaustion of sellers.
So once we have this confirmed then its a long play.
If not confirmed stat. Just got confirmed

WOOOSH
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Long play as in? Rally?

I'm not sure of all the terminoligy you use.

But i assume you confirmed it mid post :p
 
Lol - I coulnd't even go for a smoke...

I missed the $23 price on MQG today trying to hold out for a little more. I am attempting day trades and it seems this stock sways with the all ords and was actually doing well when the ords were up 25 points earlier on - went for a smoke, came back, lost money. I love it! Lol!
 
Didn't retailers get a reprieve?
JB looks happy
If that's too expensive then try the reject shop.
GRR rrrrrrrr I missed it.
 
RexBudman said:
Lol - I coulnd't even go for a smoke...

I missed the $23 price on MQG today trying to hold out for a little more. I am attempting day trades and it seems this stock sways with the all ords and was actually doing well when the ords were up 25 points earlier on - went for a smoke, came back, lost money. I love it! Lol!
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Ah well, you have your sub $23 price now :)
 
By god this week has shown just how emotionally attached to trading I am, its entirely ridiculous.I always thought of my self as an entirely logic-driven person, but the constant loss and profit and plummets and summits of this week has exposed my bi-polar side.

Still bought in on BHP at $35, lets just not talk about buying in on MQG at 29.82 and selling at 23.00 :banghead:

Really, really wish I didn't sell out of red at 0.145 that bastard of a stock is finally making its run ive waited since March for.While im not in it!
 
RexBudman said:
22.74 atm... I want out at $23 because I am sick of getting bitten by over-night risk...
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Ah i see, you're looking to sell. My bad.

Thought you were waiting for an entry point.

So, overnight risk?'

If a 500 point drop in the DOW cant sway the ASX... I wonder what tomorrow will bring?
 
ferretbiter said:
By god this week has shown just how emotionally attached to trading I am, its entirely ridiculous.I always thought of my self as an entirely logic-driven person, but the constant loss and profit and plummets and summits of this week has exposed my bi-polar side.

Still bought in on BHP at $35, lets just not talk about buying in on MQG at 29.82 and selling at 23.00 :banghead:

Really, really wish I didn't sell out of red at 0.145 that bastard of a stock is finally making its run ive waited since March for.While im not in it!
Click to expand...

Yeah i have been eyeing RED off for a while- Missed the boat now because i was scared by the fall.

**** happens..
 
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