This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

The official "ASX is tanking!" panic thread

Jump to new
Julia said:
That was the point of my asking you the question when you suggested Mr Bernanke should get on with more of the same.


Exactly.
Click to expand...

I don't think I ever asked Bernanke to hurry up, let alone post it here ont he forums. Rather was answering a question that was not directed towards me.

Couple the thousands that I would make, with the millions the insto's around the world would make etc etc etc then marry them up to the losses and tell me if the ratio was worth it or not.

Having said that - asking for a full on permanent fix is selfish and probably ignorant to even mention. Perhaps at this time, QE3 may be the only viable measure. Then again, I am no Economist.
 
I'm seeing a rally tonight on the DOW. Followed by a rally of the all ords tomorrow.

Either way it will be lower highs and lower lows...

Can't seem to win in this market, i hesitate to be safe, and both of the ones i hesitate on skyrocket today. That and SDL (another one i hesitated on) is in trading halt to announce the takeover price of speculated 57c!!

Just out of curiosity for my own knowledge, how do you guys predict whether a share has the potential to continue rising that day. e.g.

GCN at 11 went from 2.3c up to 2.5c and then went back down to 2.3 and then ended up closing at 2.7.

What are you looking for to indicate that there was potential movement up again after it dropped back down? buyers greatly outweighing the sellers?

Same thing happened with BMN today, both of these shares have risen over 30% in the past week!! That's impressive.
 
Can't seem to win in this market
Click to expand...

Your trading in a reactive manner. You also only trade long.
There is no indication if a reversal to bullishness.
As such you should be at worst flat and at best looking for short opportunities.
 

It could have just been one guy wanting to sink a buttload of money into GCN, 2.7 might just have been his price limit.

How can you predit that? You can't, unless you ask them before they buy.
 
I dont know why you are seeing a green day on the DOW. The Futures are down, a lot of money is being sunk into Gold and the EU is in a sea of blood. Tomorrows all Ords action should see some buying and grabbing of oppertunities, but whether or not the Bulls or bears will win out is a mystery to me.

I did notice todays lack of volume overall - I think those who were waiting for a 3800 test are going to get their chance soon barring any unforseen good news to arise on the wire.

http://www.reuters.com/video/2011/1...uters/USVideoBusiness+(Video+/+US+/+Business)
 

Half of Australia was on public holidays today. That will explain the lack of volume in trading today.
 
McCoy Pauley said:
Half of Australia was on public holidays today. That will explain the lack of volume in trading today.
Click to expand...

You'll find that that particular half doesnt supply the volume in the market.
The market isn't influenced by public holidays unless it's closed
 
LostMyShirt said:
I don't think I ever asked Bernanke to hurry up, let alone post it here ont he forums.
Click to expand...

This is your comment that prompted my question:

LostMyShirt said:
Bernanke should get off his ass and announce QE3 - but even then! is it REALLY going to fix the issue on the long term? I don't think so.
Click to expand...

I'm just trying to understand why - when in the next phrase you suggest QE3 would not fix the issue - you suggest Mr Bernanke should 'get off his ass" and make it happen?

Struzball, in a following post, suggested it would ultimately fix nothing and cost a huge amount. I agree.
 


Oh wow I did post that! I can't remember! What a weekend Well I gave my view on it already.

I know it is not a permanent fix, and I know that QE3 will not be the end game; it may probably be the best course of action for an immediate effect.
 
I read this morning that the djia has now reached its' lowest point for this year. While I believe the djia was over inflated in the first place, having surged back to the 11,000+ levels while our xao struggled to reach 5100, it is no comfort when the djia comes back to realistic levels that the xao gets dragged down with it.



With the xao under 4000 (and likely to fall further) maybe now is the time to panic
 
Aussie market holding up remarkably well considering what went down last night.

The rest of Asia are down a fair bit, and there are no signs of turn around in Europe and US... where's this strength coming from?
 
skc said:
Aussie market holding up remarkably well considering what went down last night.

The rest of Asia are down a fair bit, and there are no signs of turn around in Europe and US... where's this strength coming from?
Click to expand...

Massive amounts of shorters?

Honestly I have no clue but you have to admit the ASX did take some pretty heavy hits over the last few sessions...
 
FreshTrader said:
Seriously hope you're right Alex, hoping to jump out of LYC tomorrow at a decent price.
Click to expand...

I'm guessing when LYC went up from it's lows you decided you'll hold on and not sell because it's a good investment?

Then when it ended up closing near it's lows for the day you thought you'd hold on and wait for the next rise to sell into?

Hopefully I'm wrong and you sold at today's peak and it continues to fall as you expected.
 
Thinking that we might be positive tomorrow, followed by horror on Thursday.
Just got a dark feeling about Thursday.
 
I love this thread.

Full of :

Hope
Might
Should
Could
Would
Panic

I have no idea but I will keep guessing.

Stick to your plan if you have one and let the markets tell the story one day at a time.

Cheers
 
notting said:
Thinking that we might be positive tomorrow, followed by horror on Thursday.
Just got a dark feeling about Thursday.
Click to expand...

Well, the Bull speculators tried really, really hard to pull on the green jersey today.... but failed at the last hurdle.

*doh*

Facepalm....
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...