Trading the SPI
- Thread starter Bronte
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Ladies & Gents
NO posts in the last 2 days
This thread is dead....
I learned a good deal from a bunch of people
and I hope I added some value too.
Sensei, Professor Frink, Bronte, Neo, Mit,Nat, WayneL, BearMan, Pager, OneMore it's been great, Thanks to you all
Bronte you have copped a good deal of flack on this thread,
I always enjoyed your posts and I learned from them
regardless of if they were realtime or after the fact. Thankyou
Farewell My Friends I wish you well in your trading.
Regards
Freddo
"Freddo Has Left The Building"
NO posts in the last 2 days
This thread is dead....
I learned a good deal from a bunch of people
and I hope I added some value too.
Sensei, Professor Frink, Bronte, Neo, Mit,Nat, WayneL, BearMan, Pager, OneMore it's been great, Thanks to you all
Bronte you have copped a good deal of flack on this thread,
I always enjoyed your posts and I learned from them
regardless of if they were realtime or after the fact. Thankyou
Farewell My Friends I wish you well in your trading.
Regards
Freddo
"Freddo Has Left The Building"
I see noone has traded the two new serial SPI200 contracts (Oct and Nov) yet (Open Interest is still zero). These things do tend to start off slowly but does anyone think we really need them?
Also with serial options now expiring every month I guess we need to watch out for options expiry manipulation every month too.
Just a heads up for those not aware.
Also with serial options now expiring every month I guess we need to watch out for options expiry manipulation every month too.
Just a heads up for those not aware.
professor_frink
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any particular reason for the switch ageo?
Realist
Billie Jean is not my lover
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Anyone short the SPI early on Monday?
You'd have made 70 odd points!!
There'll be a chance to go up maybe 100 or more points in a day or two soon as well, you just gotta pick your moment. It may infact be tonite!!
You'd have made 70 odd points!!
There'll be a chance to go up maybe 100 or more points in a day or two soon as well, you just gotta pick your moment. It may infact be tonite!!
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Realist said:There'll be a chance to go up maybe 100 or more points in a day or two soon as well, you just gotta pick your moment. It may infact be tonite!!
Reason?
Realist
Billie Jean is not my lover
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swingstar said:
Thank you for your long and indepth question.
Quite simply I believe the fundamentals and current valuations of ASX stocks in general, particularily the larger companies are reasonable to good. And that the correction in May, and the minor correction so far in September is based on market sentiment, nothing more.
A correction in Rescource prices is already built into most large Resource companies as it is. And China's demand for Resources wont wain overnight.
The next uptrend on the SPI we get could go up 100 points over 1 or 2 days IMHO. And that may start tonite when the US opens.
I'm just guessing though - we'll see.
If the SPI is down overnight then I'm guessing it'll get going up at 10:02am tomorrow....
Realist said:Anyone short the SPI early on Monday?
You'd have made 70 odd points!!
There'll be a chance to go up maybe 100 or more points in a day or two soon as well, you just gotta pick your moment. It may infact be tonite!!
I shorted it last Wednesday 6/9/2006 and exited yesterday (unfortunately) when I put my stop too close.
I posted my entry on another forum. I will not post address of the forum
here in case it violates rules of this one.
Attachments
Bobby said:
Bob
I think it has further to go.
Momentum appeared to slow today.
6 sept 2006 lined up on time and price for me, I don't have a time for the end of this run down showing yet. Keep in mind I don't make forecasts months in advance my time and price system often shows the day before or on the day itself.
We have had a decent run down though so it seems probable that there will be some profit taking and a a rally soon.
I am seeing nothing that indicates anything positive for the upside
If I hadn't of put my stop too close I would still be holding my shorts.
I also need to point out I didn't hold all 5 contracts for the full period
I closed out on the 7th and reentered short 2 contracts on the same date
which I exited yesterday.
I made the same mistake twice, put my trailing stop too close...
Heres what I said yesterday
====================================================
Posted: Mon Sep 11, 2006 3:45 am Post subject:
--------------------------------------------------------------------------------
We should see some resistance at 5025 and 5000 if it gets that far.
We are at 5040 now and we still have the this afternoons happy hour
to come yet.
Friday high 5109 todays high so far 5108 looks like a double top.
Weekly chart high 7/7/2006 5153, 8th sept 5170 what is know as a lazy M
like a double top.
Market could end up near 4592 if it follows double top/lazy M behaviour
It will be interesting to see what happens if it dips into the channel from
14th July to 16th august.
The top of the channel was around 5012, the bottom 4871
these will be intersting to watch if we get there
=============================================
Bobby said:
No problem Bob....
I notice Sycom took a heavy hit around 5:24pm
a big night down so we get a gap down at the open would have me
looking to take a quick long trade against the trend.
Cheers
iSPI
PS of course I don't mind if it gaps the other way either because I might get a reentry for my shorts
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is this forum dead??? i go away for three weeks and there is relatively no posting?? whats going on?
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well that is a bit dissapointing.....i always found this at the least entertaining.Pager said:My
The thread Got a bit silly spitrader
Think most who posted got fed up with it and moved on.
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