Trading The SPI - NON-Gann Techniques

[porkpie324]

I'd settle for someone to tell me when it's going to stop raining on the coast. porkpie

 

[Bronte]

lol porkpie324 / kennas, rather you than I

I will 'Sell' a gap open tomorrow....

I will be 'Selling' for sure

Do you have a question with regard to these gaps ?

This is me trying to be helpful and offering to provide some analysis

 

[Kauri]

Not a very convincing count.. .. but she may be coiling
Cheers
...Kauri

 

[Edwood]

nice work Bronte - closed mine too soon unfortunately but happy all the same

 

[Sean K]

lol porkpie324 / kennas, rather you than I

This is my way of saying that I believe that the SPI will be heading much lower tomorrow kennas...

This is me trying to be helpful and offering to provide some analysis

You're right Bronte. Maybe you're too pithy for me. Maybe a hangover from the old 'bought here, sold there' commentary......Appologies.

Hopefully you get the 'much lower' right.

 

[Edwood]

Not a very convincing count.. .. but she may be coiling
Cheers
...Kauri

given we've been impulsing up maybe better to count this move as a correction Kauri - looking corrective compared to the last few days anyway imo dyor wtfdik etc

 

[Bronte]

nice work Bronte - closed mine too soon unfortunately but happy all the same

Thank you Edwood

 

[Bronte]

You're right Bronte.......Appologies.
Hopefully you get the 'much lower' right.

Thank you kennas

If we have an 'Island Cluster Reversal' watch out below
http://www.incrediblecharts.com/technical/island_reversal.htm

SPI Daily:

 

[sails]

... This is my way of saying that I believe that the SPI will be heading much lower tomorrow...

...and helpful it was... I reckoned it must have been a fairly convincing point in time analysis for you to be so confident with that call, so I held off hedging a calendar spread that was starting to look somewhat threatened on the upside. Thanks Bronte!

 

[Bronte]

You are very welcome sails.
Thanks for the feed back.
We are both so pleased

 

[Kauri]

Still not the best count but effective none the less...
Cheers
......Kauri

 

[wayneL]

Yowza!!

Gonna be a nasty gap down on the SPI. I have 6038 at NYSE close.

 

[Bronte]

If we have an 'Island Cluster Reversal' watch out below
http://www.incrediblecharts.com/technical/island_reversal.htm

Dow Down -280.3 Points

 

[Bronte]

Hopefully you get the 'much lower' right.

It is looking very good kennas

 

[Edwood]

hope you had a trailing stop Bronte, currently looking at a gap up of around 110 to 6,200. Volatility is back alright!

 

[Edwood]

bull flag anyone?

 

[porkpie324]

Could be a triple top forming on the hourly chart, who's going to bet on whether it breaks on the upside?, after last night on the US mkt it must surely be the upside.porkpie

 

[Edwood]

zzzzzzz - whatever is happening its not happening during market hours!! its such a hussy the SPI, will gladly go wherever US takes it o/night, then tries to appear well behaved during the day..

 

[Trembling Hand]

zzzzzzz - whatever is happening its not happening during market hours!! its such a hussy the SPI, will gladly go wherever US takes it o/night, then tries to appear well behaved during the day..

Yep its very dull. We had a lot of buying yesterday so not to surprised to have a quite one. I'm looking for a bit of a hit up in the arvo. maybe back to the 6200 area if we can break above here, the mid 6170's, until then I'm playing on the HSI.

 

[Bronte]

hope you had a trailing stop Bronte, currently looking at a gap up of around 110 to 6,200. Volatility is back alright!

Sorry I missed this post Edwood.
We love Volatility....trailing stop.....always Ed
Tomorrow is certainly looking like a Sell at this stage.
Hopefully the Dow is up a little tonight. 'EOM SPI' Selling.