Trading the SPI

[Bronte]

Hopefully we see a "Breakout" soon
SPI Daily chart:

 

[Bronte]

Hopefully we see a "Breakout" soon
SPI Daily chart:

Up or Down ??? Doesn't really matter or does it ???

 

[wayneL]

Up or Down ??? Doesn't really matter or does it ???

Not to a daytrader. However, there are those to who it will matter a great deal

 

[Ageo]

Not to a daytrader. However, there are those to who it will matter a great deal

to a long term investor?

 

[Ageo]

Boring day today

hopefully later on some action presents itself

 

[neo]

Has been an unpredictable morning.
I think though that the days high has been and gone.........any thoughts?
I went long near the open and got stopped out.
Short now from 4929.

 

[Ageo]

Has been an unpredictable morning.
I think though that the days high has been and gone.........any thoughts?
I went long near the open and got stopped out.
Short now from 4929.

hoping it moves down so when it rally's back up ill catch that.

 

[Freddo]

I exited my position for -5 based on time stop

 

[wayneL]

to a long term investor?

Not really!

 

[Bronte]

Todays 5 min SPI Chart:
(we missed the Sydneysiders)

 

[Bronte]

Back Down to 4903/5 on Sycom -30 pts

 

[Freddo]

Geeting set for a reentry on the short side

 

[Bronte]

Dow - 21 points
Sycom Low 4890
Closed at 4929

 

[professor_frink]

And now, a random thought from the professor............

slight bias to the shortside this morning- have today's pivot @4927, 1st res level @4945,1st sup level @4917. With the dow off slightly o/n, and the weekly pivot(which gave a couple of good sell signals yest.) @ 4936, there may be the opportunity to go short on a move below the daily or weekly pivot if it's available

Have a good day folks

 

[Sensei]

she done a runner ....... bias may be flipping ... if we get XJO close > 4980's then we will see a continuation of the bullish leg. The only cloud on the horizon is the political input which is highly volatile and explosive (not a pun!). If a ceasefire and some peace prevails ... it'll run even more.

 

[Ageo]

she done a runner ....... bias may be flipping ... if we get XJO close > 4980's then we will see a continuation of the bullish leg. The only cloud on the horizon is the political input which is highly volatile and explosive (not a pun!). If a ceasefire and some peace prevails ... it'll run even more.

yep it went nutz!

lets see what the afternoon session does

 

[professor_frink]

slight bias to the shortside this morning

hahahahaha!!!!

With market calls like that I could get a job working for CNBC

My bias lasted for the entire short trade this morning- about 8 mins

there may be the opportunity to go short on a move below the daily or weekly pivot if it's available

at least I got that part right

 

[Ageo]

your story might be true Frink, im short bias in the arvo session.

 

[professor_frink]

your story might be true Frink, im short bias in the arvo session.

Fngers crossed! Not that it matters much. Well, except for a small matter of pride! No more pre market calls for frinky

 

[Bronte]

It was a very brave call prof.
Not many are game to have a go