Trading the SPI

[Bronte]

Dow +72.3 overnight
Dec Sycom SPI 5019 Close
We switch with the volume

 

[nat]

Dow +72.3 overnight
Dec Sycom SPI 5019 Close
We switch with the volume

Hi there bronte ,does switch with the vol mean whatever way it goes up or down with the most vol thats the way you will trade ?

How are you determining this off of course of sales ,vol on chart ,depth?
Nathan

 

[Bronte]

Hi Nathan,
We have a lot to do this morning.....
Sept06 expires today at noon.
Overnight volume was higher on the Dec contract;
so we are happy to change over now.
Hope this explains...have to go now,good trading

 

[spitrader1]

Hi Nathan,
We have a lot to do this morning.....
Sept06 expires today at noon.
Overnight volume was higher on the Dec contract;
so we are happy to change over now.
Hope this explains...have to go now,good trading

just watch that dec spi gooooooooooooooooooooooooooo

 

[nat]

I dont know what cmc aussie 200 is trying to follow ,its not lining up to much with anything at the moment.Is an interesting day
Nathan

 

[Bronte]

It sure did
5028 Open
Found support at 5015
Soon went to 5055 +40 points

Sept contract....range bound 5015/19

 

[Bronte]

Overbought at 5055
ASX 5007.3 High

Hope you can now see why we change with volume Nathan

 

[spitrader1]

Overbought at 5055
ASX 5007.3 High

Hope you can now see why we change with volume Nathan

bronte the spi reached an intraday high so far of 5055 at 10:05:13, and you post some 3 minutes later its overbought, do you understand why I sometimes question you?? Im not insighting a riot BTW

 

[Bronte]

No problem spitrader
We have often said, in this thread
look for a discount/premium of 40 or more points.
My post was purely an observation.

 

[Bronte]

This thread: 'Trading the SPI' was started by Battman64
on 13th July 2005 at 07.31AM
A place for traders to discuss the SPI
Observations / Predictions / TA etc

Not sure how all this 'Live" trading started
Questioning / not believing / Who really cares?

The Vernal Equinox was discussed in detail last September.
Many questions were answered back then

 

[spitrader1]

This thread: 'Trading the SPI' was started by Battman64
on 13th July 2005 at 07.31AM
A place for traders to discuss the SPI
Observations / Predictions / TA etc

Not sure how all this 'Live" trading started
Questioning / not believing / Who really cares?

The Vernal Equinox was discussed in detail last September.
Many questions were answered back then

all im saying is bronte that posting "55's were over bought" when it happened in trading terms, last century, is not really helping people. I would of thought something along the lines of a forum on what they think may happen in the future, not what has already occured in the past, would be of more benefit....for the record, i agree with you, and the market is 49-50 now and i still think its overbought. There you go, im short at 50, see how i go...

 

[spitrader1]

all im saying is bronte that posting "55's were over bought" when it happened in trading terms, last century, is not really helping people. I would of thought something along the lines of a forum on what they think may happen in the future, not what has already occured in the past, would be of more benefit....for the record, i agree with you, and the market is 49-50 now and i still think its overbought. There you go, im short at 50, see how i go...

bought back at 41

 

[Bronte]

Overbought at 5055
ASX 5007.3 High

Please read the post again spitrader
I was NOT claiming that I had sold 5055
Just an observation........maybe useful for any
SPI trader that WAS holding a position.
That is all......

 

[Bronte]

This thread: 'Trading the SPI' was started by Battman64
on 13th July 2005 at 07.31AM
A place for traders to discuss the SPI
Observations / Predictions / TA etc

Not sure how all this 'Live" trading started
Questioning / not believing / Who really cares?

The Vernal Equinox was discussed in detail last September.
Many questions were answered back then

Not sure how all this 'Live' trading started. :headshake

SPI now 5030

 

[nat]

dont want to take sides but i didnt read anything into your over bought post , just seemed an observation to me .
Nice little trade you did there spi trader .Nathan

 

[Bronte]

Please read the post again spitrader
I was NOT claiming that I had sold 5055
Just an observation........maybe useful for any
SPI trader that WAS holding a position.
That is all......

We have done many 'Live trades" here.
Unquestionably 'Live"
We do not hear from you...whoever you are.
Now out of nowhere you question an observation?????
We are very very confused
SPI now 5021

 

[spitrader1]

We have done many 'Live trades" here.
Unquestionably 'Live"
We do not hear from you...whoever you are.
Now out of nowhere you question an observation?????
We are very very confused
SPI now 5021

"we" are you sudddenly speaking for the whole forum?? I wasnt asking you to do a live trade. all i was saying is that making an onservation which is three minutes old is useless. its hindsight that no one can use.

 

[Bronte]

We have done many 'Live trades" here.
Unquestionably 'Live"
We do not hear from you...whoever you are.
Now out of nowhere you question an observation?????
We are very very confused
SPI now 5021

Dec06 SPI Chart:

 

[spitrader1]

dont want to take sides but i didnt read anything into your over bought post , just seemed an observation to me .
Nice little trade you did there spi trader .Nathan

thanks nathan.....im not trying to have an argument im simply stating that i dont think hindsight statements are worth anything. saying the spi is over bought three minutes ago is like saying "i really should have bought those BHP 15 years ago when they were at 5 bucks". its the same thing. any delay time delay observations unless they are pointing towards something in the future ie, if bronte had of said "55's are over bought, i think if they get there again it may be a good resistance level and an opportuntiy to go short"...

 

[Bronte]

Charts are useless to you then?