professor_frink
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- 16 February 2006
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It's been a slightly dull morning hasn't itmit said:
Hopefully we'll get some action this afternoon
It's been a slightly dull morning hasn't itmit said:Market has been going sideways for awhile. I wonder what will happen when the big guys get back from lunch.
MIT
How's the heart mit- been a wild ride for those long on stocks the last couple of weeksmit said:Not Dull when you are long stocks at the moment. I was pretty balanced long and short a few days ago. Although I was short the S&P500 which was nice.
MIT
Ok then. I've never really looked at them much. Put them up a couple of times, just to see if they line up with pivot points, but end up getting too confused with so many levels on the chart.Edwood said:hi Prof - no just use them as a guide for potential targets & to confirm wave estimates - this move up is quite impulsive so perhaps the correction is over
Hope someone faded my call-42 nowI've got a bit of resistance sitting just above the current action @ 32-35.
That's a signal to go long for everyone else
The SPI(Share Price Index) is the futures contract over the XJO, which is the S&P ASX 200 index. The XJO is slightly different to the XAO(the all ordinaries), the exact details of the differences-I'm not 100% sure of. There are more companies included in the XAO compared with the XJO, but dunno the exact differences.Edwood said:apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI?is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta
e.g., right now looking at bigcharts (2:55pm) I see 5,421 - whats the SPI at?
no worries mate,happy to help.Edwood said:ah OK - thanks for that Prof! the cash spreadbet contract I'm looking at is based on ASX200 as well so the underlying might be XJO for all I know - I should ask them I guess. XAO is probably fine for me for looking up index moves on bigcharts when on the move.
I see futuresource runs a free trial - will check it out - cheers for the info!
Hi Edwood, "Welcome to ASF"Edwood said:apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI?is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta!
edwood, i strongly suggest you DO NOT read this thread. You will get caught up in secret agendas that go back from what i can gather, years. Just so you know, this thread was stripped into two threads, GANN and non GANN. There have been no posts on the GANN thread so read into that what you will. The non gann thread has started to prosper with thoughtful posts from amongst others, professor frink, and euler, and from what I am reading, hopefully yourself.Bronte said:Hi Edwood, "Welcome to ASF"
This thread may be of interest to you.
The first 2000 posts were deleted by mistake:
https://www.aussiestockforums.com/forums/showthread.php?t=1664
no worries edwood.Edwood said:apologies for what might sound a stupid question given that this is the SPI traders thread but what's the SPI?is it an ETF or a futures contract or something based on XAO? and whats the relationship to XAO - just so's I know what you're talking about - ta
e.g., right now looking at bigcharts (2:55pm) I see 5,421 - whats the SPI at?
edit: also - sorry to "SPI trader"!! I realise now I called you "Spit" the other day not realising SPI is an instrument!nice way to make friends hey?!
Been my problem as well { ... so good to hear I'm not the only one!!professor_frink said:...... if only I had bothered to trade ...
A week off could help bring the motivation back a bit. Considering you have just researched and are working on implementing a whole new way of looking at the market, you probably need one!Euler said:Been my problem as well { ... so good to hear I'm not the only one!!}
Yesterday had the POC @ 5372 and tight bracket of 5357-5377 and provided an ideal entry. Funny thing ... even tho' I feel confident in using the setups, something happens and the brain goes walk-about!! May be a matter of missing the forest for the trees??
Today VAH sits on 5484 ... and didn't take it!! Fell through it once .. retested and fell through again, and spi sitting on 74 now.
Maybe I need a break from it!
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