Trading the SPI

[Bronte]

3250 on 21st November 2008
was posted before the market opened on that day kennas, see posted at 07:27 AM
The SPI should be higher on Monday night.

 

[Sean K]

But what does it mean?

XAO had these figures on the day:

High: 3,386.90
Low: 3,201.50

3250 is a buy? A sell?

 

[Bronte]

Our timeframes indicate possible turning points kennas.

SPI had these figures on the day:

High: 3484
Low: 3234

3250 was a buy.

 

[Sean K]

Ah, OK.

Let me know Monday's and I'll back up the Bedford...

 

[Bronte]

Lol kennas,
The SPI is higher this Monday night.
Bedford no, bring your wheelbarrow

 

[Bronte]

Confirmation of our Gann turning point.
Dow up +397 points overnight (Monday)

 

[Bronte]

Interesting that Elliott Wave traders were looking for 3200
Gann taught us that "Time is more important than Price"

 

[Bronte]

3704 High on Sycom
Dow +247 pts
3797 High on Sycom yesterday.
Thanks for the emails.

 

[Bronte]

Happy 2009 Bloggers
We will try harder this coming year...

2008 Low 21st November 3234 (missed by 16 pts)
Spot on with 'Time'

2007 Record High 1st November 6880 (missed by 116 pts)
Called for 12 days earlier.

 

[MRC & Co]

Happy new year to you too Bronte.

They are some good picks, hope you made a mint out of them!

 

[Bronte]

Thank you MRC & Co
Great to have you onboard.
https://www.aussiestockforums.com/forums/blog.php?bt=1521#comment1521

 

[Bronte]

Classic SPI trade called Saturday morning:
https://www.aussiestockforums.com/forums/showthread.php?t=1664&page=79
Close to 154,000 hits

 

[Sean K]

What?

 

[Bronte]

We will of course be Selling this level.
Sycom closed at 4485

 

[Bronte]

Opened at 4501 (above our Resistance / Support Level)
We saw a 4489 Low immediately after open
Support holding for now.......
4534 High followed by 4481 Low
Now 4498

 

[Bronte]

Todays High 4487
Now 4469

 

[Bronte]

Dow down - 186 points
Nice.

 

[Bronte]

So far.....4412 Low
Update: 4405 Low

 

[Bronte]

Dow down again -30 points
New Lower Low this morning.

 

[Sean K]

Bronte, this is pointless and not worth following unless you give some more information. I would be interested if you shared some more detail. kennas