Trading the SPI

[Bronte]

Charts are useless to you then?

Discussing what happened is useless to you then?
Reading books is useless to you then?
Learning from the past is useless to you then?

 

[spitrader1]

Charts are useless to you then?

no because some charts may give future direction...saying "55's are over bought" does not, if its three minutes after the fact...you are making something seem complex, wich is not....somehting you seem to be able to do quite well.

 

[spitrader1]

no because some charts may give future direction...saying "55's are over bought" does not, if its three minutes after the fact...you are making something seem complex, wich is not....somehting you seem to be able to do quite well.

anyways boys and girls, im off to do some real work, may the spi be with you.

 

[Bronte]

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

Yes you are spitrader

 

[spitrader1]

Yes you are spitrader

apparently so!

 

[Bronte]

anyways boys and girls, im off to do some real work, may the spi be with you.

cya :bekloppt:
spitrader
spitrader1
spitrader2.....

 

[tech/a]

Thought Id have a squizz over here after watching the ASX drop 30 points on my screen in an hr.

Low and behold Bronte called over bought near enough to the turn---didnt say he traded it but was there in black and white.

 

[Realist]

Thought Id have a squizz over here after watching the ASX drop 30 points on my screen in an hr.

Low and behold Bronte called over bought near enough to the turn---didnt say he traded it but was there in black and white.

I disagree.

And I believe it was obvious the SPI would dip after an initial rise with the ASX rise as today is when contracts are fulfilled, people need to get out.

The ASX dipping is another matter, and I'm not sure why it did.

 

[tech/a]

I disagree.

As you would.

Still "Dipping"

Realist do you think the SPI and the ASX are correlated??
What is their relationship,I'm a bit vague on this I'm interested in YOUR comments.

 

[Realist]

As you would.

Still "Dipping"

Realist do you think the SPI and the ASX are correlated??
What is their relationship,I'm a bit vague on this I'm interested in YOUR comments.

Obviously they are correlated..

However today the SPI was in for a dip today of all days - the last day of trading quarter. People jumping out of positions.

 

[tech/a]

Ohhhhh

 

[nioka]

Obviously they are correlated..

However today the SPI was in for a dip today of all days - the last day of trading quarter. People jumping out of positions.

As I have just asked on another thread, is there any relation to the day of the week to prices.

 

[spitrader1]

Thought Id have a squizz over here after watching the ASX drop 30 points on my screen in an hr.

Low and behold Bronte called over bought near enough to the turn---didnt say he traded it but was there in black and white.

of course he did....hehehee

 

[Realist]

As I have just asked on another thread, is there any relation to the day of the week to prices.

Yeah I do not know, but I am guessing Tuesday is when crashes happen, because a big fall will happen on a Monday in the US.

Friday afternoons are weak as traders sometimes don't want to hold over weekends.

Afternoon's are often stronger than mornings (after the initial open that is).

Just guessing mind...

 

[nat]

As you would.

Still "Dipping"

Realist do you think the SPI and the ASX are correlated??
What is their relationship,I'm a bit vague on this I'm interested in YOUR comments.

Just my 2 cents worth ,i think they are correlated ,the thing is if a big buyer buys some futures to go long he then wants market to go up as well they so i think they buy in the top20 as well ,quite often i c on cmc the same time at a support level i have the top 20 stocks and indicies up and the flurry of activity that goes with holding on support and then a rise happens together all so quick like in matter of seconds ,how they do it is beyond me but 15 out of 20 stocks all turn at same time must be some big money floating around.Nathan

 

[Bronte]

Overbought at 5055
ASX 5007.3 High

Todays Dec06 SPI Chart:

 

[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?

We are happy just calling the SPI as we see it (Time & Price)
If it takes me three whole minutes to post then "So be it"
As you can see from the above chart, some people could find
our commentary on the SPI useful.
'Sell 5050 Stoploss 5056' etc

 

[wayneL]

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

The secret is out... Battman = Bronte. Further obfuscation is pointless

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

Many do care. I have pointed out the ground rules many times. But for the record, your 55 overbought call was fine, a trade was not claimed. 3 minutes is also an acceptable lapse because of typing up/ posting etc.

Also for the record. I think that type of observational post is great. Claiming trades really sets up arguements. Calling trades live is best done on chat IMO where it is *truely live.

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

Link?

 

[Bronte]

Thank you Wayne

 

[Joe Blow]

Calling trades live is best done on chat IMO where it is *truely live.

I have even set up a 'Trading the SPI' room in ASF Chat for this very purpose. As yet it really hasn't seen much use but that could be because most members are unaware of its existance. Perhaps it will see some more action now that I have brought it to people's attention.