Trading The SPI - NON-Gann Techniques

[GMS]

Good Morning,

The SPI200 Sept 09 contract initiated a buy tail out of the 3855 to 3902 development yesterday, with an extension to 3930. Two way action through the course of the session, saw the market trade back to the 3898 point of control into the close. Overnight the market attempted to trade back above the 3902 development high and failed. The market traded lower through the session, making a double distribution to the downside indicating more downside potential.

The market failed to start a new development following the distribution higher yesterday and has moved back into the 3855 to 3902 range. The market is closed balanced. Key resistance is at 3880, 3898 the current point of control, 3902 and 3930. Key support at 3863, 3855 and 3833.

The previous session value area was 3874 to 3918, and is currently 3876 to 3900.

Resistance levels 3880, 3891, 3898, 3902, 3925, 3930, 3942, 3955
Support levels 3863, 3855, 3846, 3833, 3815, 3906, 3800


Have a good day.



Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[GMS]

Good Morning,

The SPI200 Sept 09, initiated a sell below the 3855 to 3902 range yesterday, which triggered a responsive buy tail starting at 3840 that rejected the break lower. The market traded back into the development throughout the rest of the session.

Overnight the market continued to trade within the development. A break midsession was capped at the previous session point of control 3898, and traded back to 3877 on the close.

The market continues to facilitate trade back within the 3855 to 3902 range and remains balanced.

The previous session point of control was 3849 to 3891 and is currently 3870 to 3885. The current point of control is 3875.

Resistance levels 3880, 3891, 3898, 3902, 3919, 3925, 3931, 3942.
Support levels 3875, 3863, 3855, 3846, 3840, 3833, 3815


Have a good day.

Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract initiated a sell tail break out of the previous development last night distributing lower. The market initially formed a development 3928 to 3948, although another initiating sell tail at 3828 took the market to 3800, midsession. Two way action through the morning session has seen an early development 3782 to 3800, with point of control at 3790.

The initiating sell tails and double development to the downside indicate the market is leaning lower this morning. Some development through the morning may continue although the close at the lows indicates the market also has potential to distribute lower this morning and is imbalanced.

Key resistance is at point of control 3790, previous development low 3800 and 3815. Key support is at previous POC 3768, 3760, 3741 and 3719.

The previous session value area was 3858 to 3882 and is currently 3792 to 3839.

Resistance levels 3782, 3790, 3800, 3806, 3815, 3828, 3840, 3855
Support levels 3768, 3760, 3748, 3741, 3734, 3719, 3712, 3691

Have a good day.

Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[GMS]

Good Evening,

The SPI200 Sept 09 traded today within the development of the previous session 3720 to 3755. Tonight the market has held support at the previous session point of control 3728 and trading higher into the development. Key resistance at previous point of control 3752, 3790, 3802 and 3828. Key support at 3719 the commencement of the responsive buy tail 7/6, 3691 and 3675.

The previous session value area was 3725 to 3744 and is currently 3734 to 3755.

Have a good day.

Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[acouch]

good morning all
todays road map
have a good day, and good trades
ac

 

[rapt88]

good morning all
todays road map
have a good day, and good trades
ac

Ah ! Good to see you back acouch.

I for one would prefer GMS had their own thread => not here.
(How about it Moderators ?)

Cheers

Rapt88

 

[GMS]

Good Evening,

The SPI200 Sept 09 contract initiated a sell tail break off the 3739 point of control midsession last night, trading to lows late in the session. On the re open today a responsive buy tail off 3668 rejected the break lower and responsive buying saw the market move back towards previous development lows at 3719. Tonight the market continues to trade within the previous 3719 to 3763 development, following the failure to distribute lower.

Key resistance is at 3739, 3752, 3763, 3790 and 3802. Key support at 3728, 3719, 3691 and 3668.

Have a good day.

Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[Joolean]

good morning all
todays road map
have a good day, and good trades
ac

Thanks for continuing Ac.

I respect your levels, so they give me something to measure my own outlook against.

Thanks,
Jules.

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

Morning all,
Monday's road map, very similar to Friday's
have a great weekend and take care
ac

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract continued to trade within the 3719 to 3763 development Friday night. A responsive buy tail off 3723 saw responsive buying take the market higher back into the development to close at the session high of 3754.

The market has continued to develop in recent sessions and is becoming efficient. In theory as the market moves towards efficiency it is ready to begin distributing to a new development, and is something to be mindful of today.

The close at 3754 is key resistance on the daily charts. A break sees key resistance at 3782 then 3828. Key support at 3723 and 3693.

The previous session value area was 3733 to 3760 and is currently 3731 to 3748.

Resistance levels 3763, 3770, 3782, 3796, 3809, 3815, 3828
Support levels 3750, 3741, 3723, 3717, 3708, 3693, 3668


Have a good day.



Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[acouch]

good morning all,
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI200 Sept 09 contract broke through the development low at 3719 yesterday to key support at 3693. Overnight the market again the market rejected another move below 3693. An initiating buy tail at 3726 propelled the market back into the development, with the market closing at development highs, and leaving the question begging will it attempt another breakout of the development, and distribute higher.

Key resistance is 3782, 3797 and 3828. Key support at 3754-3750, 3723 and 3693.

The previous session value area was 3715 to 3748 and is currently 3704 to 3748.


Have a good day.


Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[acouch]

morning all,
today's road map
have a great day, and good trades
ac

 

[GMS]

Good Morning,

The SPI Sept 09 broke through the development high yesterday starting a new distribution higher. Late in the session a responsive sell tail triggered at 3828. On the open overnight the market held support near 3828 and continued to distribute higher, to trigger another responsive sell tail at 3878.

Theoretically the responsive sell tail at 3878 indicates rejection of the upside move and the market moving back into the 3851 to 3878 development traded overnight. The close at 3882 puts a question mark over this as indicates the market was still distributing and imbalanced on the close.

Key resistance is at 3891, previous development high 3902, 3920 and 3955. Key support at 3864, 3855 and 3828.

Have a good day.




Aliom Pty Limited (ACN 123 876 291 AFSL 323182) does not warrant the accuracy, completeness or correctness of any information herein. In preparing this post, Aliom Pty Limited has not taken into account the investment objectives, financial situation or particular needs of any particular person. Before making an investment decision on the basis of information in this post you should consider whether the information is appropriate in light of your particular investment objectives, financial situation or particular needs. You may wish to consult a licenced advisor or accountant to assist your decision.

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

yesterdays morning road map in its final stages
ac

 

[acouch]

good morning all
today's road map
have a great day, and good trades
ac

 

[acouch]

morning all,
Monday's road map
have a great weekend and take care
ac