Trading The SPI - NON-Gann Techniques
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Bronte
Trading The SPI for 20+ years
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professor_frink
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Howdy Ed.Edwood said:
Take away the size of the gap, and it looked like business as usual
We are doing a little bit better than the rest of Asia-
Nikkei dn 3.3%
HSI dn 2.85%
H-shares dn 4.8%
Kospi dn 3.5%
XINA A50 dn 4.9%
And for some reason the U.S futs are up slightly-but not by much.
professor_frink
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There hasn't been any kind of reaction in the U.S to today's trading here....unlike yesterday. Dunno bout it retracing 100, but a definate short squeeze is on the cards me thinksEdwood said:
And it can't fall again too much- it's gotta rally a little to squeeze out the weak shorts, and suck some more people into thinking it's gunna rally again- only then can the real move down develop
professor_frink said:There hasn't been any kind of reaction in the U.S to today's trading here....unlike yesterday. Dunno bout it retracing 100, but a definate short squeeze is on the cards me thinks
And it can't fall again too much- it's gotta rally a little to squeeze out the weak shorts, and suck some more people into thinking it's gunna rally again- only then can the real move down develop
sheesh the real move!? sounds a bit scary...
>Apocalypto<
20.03.2012
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professor_frink said:Howdy Ed.
Take away the size of the gap, and it looked like business as usual
We are doing a little bit better than the rest of Asia-
Nikkei dn 3.3%
HSI dn 2.85%
H-shares dn 4.8%
Kospi dn 3.5%
XINA A50 dn 4.9%
And for some reason the U.S futs are up slightly-but not by much.
Frink
China exchange is up selling has stopped
if you want to see then web address is http://www.sse.com.cn/sseportal/en_us/ps/home.shtml#
could be over quite quickly
I tend to agree with this scenario as the highest probability...professor_frink said:There hasn't been any kind of reaction in the U.S to today's trading here....unlike yesterday. Dunno bout it retracing 100, but a definate short squeeze is on the cards me thinks
And it can't fall again too much- it's gotta rally a little to squeeze out the weak shorts, and suck some more people into thinking it's gunna rally again- only then can the real move down develop
professor_frink
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Cheers TI. I'm still not entirely sure exactly what I'm looking at with the XINA A50- thought yesterday it had A-share components in it. It still might- It's quite thinly traded, so may not reflect reality too well.Trade_It said:
Magdoran said:
You know Mag, I'd probably have a different opinion if we didn't find support so quickly this morning-Pretty well every index I follow rallied off the open this morning- there was very little follow through.
As is normally the case, it will be interesting to see how it plays out, and how much of it us traders manage to pick up along the way
Bronte
Trading The SPI for 20+ years
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I wonder if this is another one ?Bronte said:
>Apocalypto<
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Frink it has all on the indexs on the side with a share b share as well
Here the t/a view from macquarie..
Today’s sharp decline likely signals the start of wave 4 within the sequence from the 4758 June 2006 low. This should involve sideways to lower trading over coming weeks, with downside risk to the 5486 January pullback low. The 38.2% retracement point of wave 3 situated at 5601 stands as a likely objective. The technical picture will remain clearly negative providing we do not see gains through resistance at the 5904-09 region.
Today’s sharp decline likely signals the start of wave 4 within the sequence from the 4758 June 2006 low. This should involve sideways to lower trading over coming weeks, with downside risk to the 5486 January pullback low. The 38.2% retracement point of wave 3 situated at 5601 stands as a likely objective. The technical picture will remain clearly negative providing we do not see gains through resistance at the 5904-09 region.
and another today...
It remains likely that wave 4 within the sequence from the 4758 June 2006 low is underway, implying sideways to lower trading over coming weeks, with downside risk to the 5486 January pullback low. The 38.2% retracement point of wave 3 situated at 5601 stands as a likely objective and as important support. Whether the market moves immediately lower or consolidates more of the recent weakness first is not entirely clear. The 5903-09 region should cap gains if tested and the technical picture will remain clearly negative providing it does.
It remains likely that wave 4 within the sequence from the 4758 June 2006 low is underway, implying sideways to lower trading over coming weeks, with downside risk to the 5486 January pullback low. The 38.2% retracement point of wave 3 situated at 5601 stands as a likely objective and as important support. Whether the market moves immediately lower or consolidates more of the recent weakness first is not entirely clear. The 5903-09 region should cap gains if tested and the technical picture will remain clearly negative providing it does.
RichKid
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dodgers said:
Who is the main EW guru at macquarie guys? or names of the main EW analysts there.....just curious, pm me perhaps...I like the analysis though favour it atm, corresponds to a re-test of the previous high/breakout level.
