Trading the SPI

[wayneL]

It got beaten like a cheap pinyata today.

I will be interested to see how the US goes tonite...

FOMC announcement tonight so it will be a bit of a lottery.

Apparently, slowing growth resulting in the fed pausing or lowering is bullish

 

[Bobby]

Sounds like something you need to take penicillen for

U'mm ~ Yep for clap & crap ~ oops

 

[mit]

FOMC announcement tonight so it will be a bit of a lottery.

Apparently, slowing growth resulting in the fed pausing or lowering is bullish

I know what you mean. A Good economy is bad because it could cause interest rates to rise. Interpretation is all dependant on the markets mood.

I read one Guru saying the rising interest rates are healthy because it is a sign of an economy firing on all cylinders. The Fed only drops rates when it is scared that the economy is heading for a recession.

MIT

 

[iSPI]

We got as low as 4997, looks like a get a day off for me today.
No matter what "suppose if" scenarios I put in no entry showing.

Homer alert !
I started to run out of space on my chart and shrunk and inner chart with an indicator too small to see. It doesn't give signals very often (so I don't use it very often) but it's got a very high accuracy rate. It gave a short signal yesterday and I missed it !!
:homer:

 

[Bobby]

Homer alert !
I started to run out of space on my chart and shrunk and inner chart with an indicator too small to see. It doesn't give signals very often (so I don't use it very often) but it's got a very high accuracy rate. It gave a short signal yesterday and I missed it !!
:homer:

Haah- iSPI that was amusing :

Now how about a punt for tomorrow ?

Have Fun
Bob.

 

[wayneL]

Questions:

Why would the sun passing over the equator effect stock markets.

Does the autumnal equinox also have an effect

Does it effect other markets eg grains, metals, coffee, cotton, cocoa etc

Anyone?

 

[wayneL]

Questions:

Why would the sun passing over the equator effect stock markets.

Does the autumnal equinox also have an effect

Does it effect other markets eg grains, metals, coffee, cotton, cocoa etc

Anyone?

More Questions:

Is the vernal equinox, the autumnal equinox in the southern hemishere? and visa versa? Is the effect of the vernal equinox different from the autumnal equinox, and if so is the difference observable between the two hemispheres.

How is this tradeable?

Last question:

Why doesn't anyone ever answer gann questions?

 

[Bobby]

More Questions:

Is the vernal equinox, the autumnal equinox in the southern hemishere? and visa versa? Is the effect of the vernal equinox different from the autumnal equinox, and if so is the difference observable between the two hemispheres.

How is this tradeable?

Last question:

Why doesn't anyone ever answer gann questions?

 

[iSPI]

Haah- iSPI that was amusing :
Now how about a punt for tomorrow ?
Have Fun
Bob.

Here I was saying I was waiting for the short and it was sitting right in front of me.

I had a chuckle myself but I dare not tell my wife !!

Punt for tomorrow ?

Well, volume was big today open at the high close at the low.

Trend is down, my oscillators are pointing down
so looks like it's down.

We are dipping into the recent channel which may slow it up.

And just so everyone can sleep well tonight and not worry, I have carefully checked all indicators on my chart and I see no Homers lurking :

Regards
iSPI

 

[iSPI]

More Questions:

Is the vernal equinox, the autumnal equinox in the southern hemishere? and visa versa? Is the effect of the vernal equinox different from the autumnal equinox, and if so is the difference observable between the two hemispheres.

How is this tradeable?

Last question:

Why doesn't anyone ever answer gann questions?

I'll offer an opinion but I am no Gann guru

When I followed the astronomy path I made no distinctions between hemispheres.

How are they tradeable? Heck much of it's beyond me with the way the commodities futures traders used them.

I used to use the Solstice and Equinox to watch for time cycles.
I have absolutely no idea why the Equinox in March would cause a top or bottom in our market but it usually offers a great trading day.

I simply watch dates and then price action running into those dates.

 

[iSPI]

Questions:

Why would the sun passing over the equator effect stock markets.

Does the autumnal equinox also have an effect

Does it effect other markets eg grains, metals, coffee, cotton, cocoa etc

Q1 - Absolutely no idea
I'm not sure anyone fully understands.
Why does a full moon sometimes cause unsual behaviour hence the
saying it must be a full moon?
I now that planet movements affect weather and tides etc since
we live in a gigantic magnetic field perhaps we have mood swings and
dont know.
Q2 - Yes , not always but frequently

Q3 - this is where equinoxs soltices eclipses etc probably have more of an impact eg lots of eclipses might cause extreme rain falls which impacts
crops on which commodity futures contracts are based

 

[Magdoran]

Why doesn't anyone ever answer gann questions?

Because they’re too busy making money (or looking at the stars) – or trying to get away from their charts and have some fun, stirring up trouble on other threads while the chief Vampire is in his Crypt!


Mag

 

[iSPI]

Because they’re too busy making money (or looking at the stars) – or trying to get away from their charts and have some fun, stirring up trouble on other threads while the chief Vampire is in his Crypt!


Mag

I'm not a Gann trader or a astrological/astronomy trader
but I usually try and sleep at work and stay up all night
:batman:

 

[wayneL]

Why does a full moon sometimes cause unsual behaviour hence the
saying it must be a full moon?

Well yes this is most certainly true. Full moons do affect peoples behaviour.

I have to compete with those freakin' werewolves on a full moon

 

[wayneL]

Because they’re too busy making money (or looking at the stars) – or trying to get away from their charts and have some fun, stirring up trouble on other threads while the chief Vampire is in his Crypt!


Mag

Well.... don't vampires deserve a little fun every now and again? I mean Its hard work trading, plus the normal vampire chores... seducing hot women, sorting blood types, avoiding nasty people with wooden stakes (Don't have to worry about silver bullets since Johnny took everyones gun away) Keeping track of the whereabouts of Sarah-Michelle etc... all between sundown and sunup

 

[Magdoran]

Well.... don't vampires deserve a little fun every now and again? I mean Its hard work trading, plus the normal vampire chores... seducing hot women, sorting blood types, avoiding nasty people with wooden stakes (Don't have to worry about silver bullets since Johnny took everyones gun away) Keeping track of the whereabouts of Sarah-Michelle etc... all between sundown and sunup

I kind of liked the "Spike" character played by Masters - always cracked me up!


Mag

 

[neo]

Well, volume was big today open at the high close at the low

.

Last few days high volume is all related to rolls. I wouldn't be taking this a an indication of high supply or demand. Tomorrow is APU06 expiry........ I will be sitting on the sidelines. I find expiry days and the days leading up to them to be extremely unpredictable and volatile.

 

[iSPI]

.

Last few days high volume is all related to rolls. I wouldn't be taking this a an indication of high supply or demand. Tomorrow is APU06 expiry........ I will be sitting on the sidelines. I find expiry days and the days leading up to them to be extremely unpredictable and volatile.

Totally agree, I heard open interest was also a very good thing to track.
I knew someone who got very excited when they first heard this until I told them to check out open interest and volume around the 15th of each quarter.

I was just having a punt for fun...

 

[wayneL]

FOMC announcement tonight so it will be a bit of a lottery.

Apparently, slowing growth resulting in the fed pausing or lowering is bullish

Groundhog day:

Well the gutless, testoterone deficient, panty-waisted, cabalist fed has held rates again.... as expected by all and sundry.

There wasn't even any post announcement excitement on the futures contrary to what is usual Dullsville!

Methinks the bulls are running out of ammunition. It simply couldn't be due to rational analysis..... no couldn't be that, we'd be 400 S&P points lower.

 

[spitrader1]

.

Last few days high volume is all related to rolls. I wouldn't be taking this a an indication of high supply or demand. Tomorrow is APU06 expiry........ I will be sitting on the sidelines. I find expiry days and the days leading up to them to be extremely unpredictable and volatile.

has anyone else read the SFE announcement in regards to today?? if not here it is for todays action, should be fun, paticularly in the cash market.

As market users will be aware, the September 2006 expiry of the SFE SPI 200™ Index Futures contract takes place on Thursday, 21 September 2006 at 12:00 noon. The settlement price for this contract is drawn from the Special Opening Quotation of the underlying S&P/ASX 200 Index, which in turn is derived from the first traded price in each component stock in this Index on the contract’s Last Trading Day.

In light of current futures holdings and potential strategies surrounding expiry, SFE wishes to ensure market awareness of the following factors.

As part of its market operator licence which imposes front-line market supervisory authority and obligations to ensure that its markets are fair, orderly and transparent, Exchange Surveillance personnel monitor trading activity and holdings approaching expiry, and initiate contact with relevant parties to gain adequate assurance as to traders’ intentions and understanding of their obligation to trade in a manner consistent with the fair, orderly and transparent operation of SFE’s markets. As a result of a number of such discussions in recent days, the Exchange has gained the necessary assurances regarding traders’ intentions and strategies in meeting these obligations.

SFE recognises, however, that circumstances particular to the September contract have led to some traders accumulating larger-than-usual book holdings which they may seek to reduce by permitting futures positions to expire and physical contracts to be traded to offset risk. As a result, SFE wishes to advise traders that the aforementioned market activity has the potential to lead to a larger level of liquidity being provided in physical equity transactions during tomorrow’s ASX opening price auction than has been seen at recent expiries.

SFE wishes to remind SPI 200™ Index Futures traders who are also active in other markets that they should comply with all rules and relevant guidance regarding trading on those markets, especially through the expiry process.