Trading the SPI

[Bronte]

Our timeframe is this weekend

Todays 5 min SPI chart:

 

[Bronte]

SPI Daily:

 

[Bobby]

i just had a quick scalp ispi trading my dow theory..bought 2 @ 5202, as the cash opened everyone rushed to cover there shorts, sold @ 5213

Now this gets interesting , does the Dow and S&P500 follow the SPI or the other way round ?

Found it amusing that bronte poped up & up, even answered its own posts about We & Us , posted charts with lines plus arrows , uh'mm to deep for me ?

Bob.

 

[Bronte]

Now this gets interesting , does the Dow and S&P500 follow the SPI or the other way round ?
Bob.

Believe it or not Bob...the Dow follows us

 

[wayneL]

Believe it or not Bob...the Dow follows us

So, the US institutional investors are sitting there, prior to the open, frozen with self doubt, wondering what to do next....

"Dagnabbit Elmer! Let's see what those danged Aussies are up to!"

LOLOLOLOLOLOL

 

[Bronte]

Believe it or not Bob...the Dow follows us

We had an in depth discussion on this subject here at ASF last year.
Just have a looksie at the world map Wayne.

 

[Bobby]

So, the US institutional investors are sitting there, prior to the open, frozen with self doubt, wondering what to do next....

"Dagnabbit Elmer! Let's see what those danged Aussies are up to!"

LOLOLOLOLOLOL

Good one !!!

( but there maybe something )

 

[wayneL]

We had an in depth discussion on this subject here at ASF last year.
Just have a looksie at the world map Wayne.

What will the world map tell us?

It tells me that in the same (or similar) time zone we have Hong Kong, Tokyo, and Shanghai and the ASX is only about 1.5% of world capitisation... so... which market is the US following again?? (if any)

ROFL

 

[wayneL]

Oh yeah! There is the small matter of Europe to consider as well... London, Frankfurt, Paris, etc

pfffft

 

[wayneL]

Rankings of Exchanges by Market Capitalization (in trillions of US dollars)

1. New York Stock Exchange - $22.7
2. Tokyo Stock Exchange - $4.65
3. NASDAQ - $3.76
4. London Stock Exchange - $3.25
5. Euronext - $2.96
6. Toronto Stock Exchange - $1.62
7. Frankfurt Stock Exchange (Deutsche Börse) - $1.38
8. Hong Kong Stock Exchange - $1.30
9. Milan Stock Exchange (Borsa Italiana) - $0.89
10. Madrid Stock Exchange (BME Spanish Exchanges)
11. SWX Swiss Exchange

 

[Bobby]

Rankings of Exchanges by Market Capitalization (in trillions of US dollars)

1. New York Stock Exchange - $22.7
2. Tokyo Stock Exchange - $4.65
3. NASDAQ - $3.76
4. London Stock Exchange - $3.25
5. Euronext - $2.96
6. Toronto Stock Exchange - $1.62
7. Frankfurt Stock Exchange (Deutsche Börse) - $1.38
8. Hong Kong Stock Exchange - $1.30
9. Milan Stock Exchange (Borsa Italiana) - $0.89
10. Madrid Stock Exchange (BME Spanish Exchanges)
11. SWX Swiss Exchange

Hello W.L

Greetings.
Now who have you missed


Cheers Bob

 

[wayneL]

Now who have you missed

I am trying to find out where our barrow boys fit in on the world scale... doesn't seem to even rate a mention

 

[Bobby]

I am trying to find out where our barrow boys fit in on the world scale... doesn't seem to even rate a mention

Your OK mate !
Sure you missed a couple of players, see who picks them,
us Ausses not included.

Have Fun..
Bob.

 

[doctorj]

At the end of August, the ASX's domestic market capitilisation was 1,220,385 million.

 

[spitrader1]

Now this gets interesting , does the Dow and S&P500 follow the SPI or the other way round ?

Found it amusing that bronte poped up & up, even answered its own posts about We & Us , posted charts with lines plus arrows , uh'mm to deep for me ?

Bob.

just to qualify bob, my dow theory is based upon how prop traders and assett managers will position themselves at the end of each day and there reactions following the dow movement the next day...i trade upon these movements and nothing else..and i agree, bronte still not making sense...

 

[Bobby]

Gee just thought about those other players, although huge most of there plays are through external exchanges .

Sorry Wayne for putting you on the spot -

Bob.

 

[spitrader1]

Gee just thought about those other players, although huge most of there plays are through external exchanges .

Sorry Wayne for putting you on the spot -

Bob.[/QUO
not sure i get what u are saying bob

 

[Bobby]

there reactions following the dow movement the next day...i trade upon these movements and nothing else..and i agree, bronte still not making sense...

Hello Spitrader,

First ` what day are you talking about , our day there day next day ? please qualify .

As for my intra posts with W/L best to read from the start.

Take care
Bob

 

[Bobby]

At the end of August, the ASX's domestic market capitilisation was 1,220,385 million.

Hello Doc,

Whats the time -frame on that figure ?

Regards
Bob.

 

[doctorj]

I'm not quite sure what your asking.

Its from August just passed.