Who is ready for a rally?

[sinner]

Of the 8 stocks monitored on the "sinner oil index" (a very serious and thorough index indeed ) , pick the odd one out. Today was like a see-saw for me, whatever I lost on one side came back on the other.

 

[Out Too Soon]

Isnt that why they are called brokers? because they`re broke?

lol Hehe! that's a good one.

Yes I'm ready for a rally & in the mean time I'm enjoying the volatility. :

 

[Aussiejeff]

lol Hehe! that's a good one.

Yes I'm ready for a rally & in the mean time I'm enjoying the volatility. :

Don't hold your breath for the "rally". Unless it's the inevitable "rally" by masses of soon-to-be unemployed bank and mining sector personnel

The ASX will tank something chronic on Monday after a precipitous 400pt plunge in the last hour of trade in Wall St overnight.

Friday's "false" kick up in the ASX indexes (helped by more over-the-top-optimism in the media) was a pure "sucker dead cat bounce" for sure. I hope not too many ASF punters ... errr "investors" got their fingers burnt buying on a Friday arvo - again. This pattern of the US up on Thu causing an ASX rally into Fri close only to see DOW subsequently tank overnight seems oh, so predictable of late.

Cest la vie.

Meanwhile, I'm heading back to the cave .....

*zzzzz..zzz.zzzzzzzz*

 

[cutz]

Hi All,

Any activity that’s going on now is a transfer of assets from the desperate to the cashed up long term value investor, I’m sure that there’s a few around and the buying may be happening in stages i.e. so not to push the market up too high, there seems to be a pattern of consolidation happening at the moment on the XJO.

Another interesting observation is that implied volatility is peaking out again which in the recent past has happened just before a rally, with a then corresponding falling of volatility and a fizzling out of the rally, this pattern has been obvious in sep,oct and this half of nov.

Just worth from an eternal optimist. (Which has been to my detriment on occasion)

 

[mazzatelli1000]

Hi All,

Any activity that’s going on now is a transfer of assets from the desperate to the cashed up long term value investor, I’m sure that there’s a few around and the buying may be happening in stages i.e. so not to push the market up too high, there seems to be a pattern of consolidation happening at the moment on the XJO.

Perhaps tech/a or Radge can give us some insight about smart money's activity in this consolidation period

 

[cutz]

Hi All,

Any activity that’s going on now is a transfer of assets from the desperate to the cashed up long term value investor, I’m sure that there’s a few around and the buying may be happening in stages i.e. so not to push the market up too high, there seems to be a pattern of consolidation happening at the moment on the XJO.

Another interesting observation is that implied volatility is peaking out again which in the recent past has happened just before a rally, with a then corresponding falling of volatility and a fizzling out of the rally, this pattern has been obvious in sep,oct and this half of nov.

Just worth from an eternal optimist. (Which has been to my detriment on occasion)

Sorry, before my comment is taken out of contexts, am pretty much commenting on the buy and hold set as opposed to short term trading. So perhaps I shouldn’t have said "Any activity" but "Some activity".

 

[nunthewiser]

Sorry, before my comment is taken out of contexts, am pretty much commenting on the buy and hold set as opposed to short term trading. So perhaps I shouldn’t have said "Any activity" but "Some activity".

If it helps i have been adding to MTS EXT on the buy and hold mentality BUT only been adding on the worse days i can find .. these ARE investments and happy to add to them when the climate suits

i also hold TRY as an investment but sitting on a loss and will add to them when and if the tide turns

 

[sinner]

Did anyone notice just after the late-in-the-week rally, divergence beginning between US market indices and Asian/European ones? The US indices dropping heavily while most (although not all) European and Asian indices holding some of the gains and remaining in the green?

 

[skyQuake]

I expect a strong rally from open monday
Assuming funds finished their dumping on friday; Mon will see bargain hunting thru the day (ie bottom pickers). And probably a futures induced rally.
Commodities didnt do too bad on fri and a few banks are at major support levels.

 

[nunthewiser]

Commodities didnt do too bad on fri and a few banks are at major support levels.

and a few have broken them too ....... ANZ for one CBA another

but yeah maybe a bounce due but with the yanks gettin sold off fri night i kinda expecting more to fall personally

 

[skyQuake]

and a few have broken them too ....... ANZ for one CBA another

but yeah maybe a bounce due but with the yanks gettin sold off fri night i kinda expecting more to fall personally

False break :
We'll get a squeeze before she goes downnnnnnn
By no means expecting anything more than a bear trap rally.

 

[cbacamden]

I recon we are getting close - maybe a mth or so to go now

Personally Id like to see it fall another 8-15% over the next few weeks and then up up and away.

 

[nunthewiser]

waves to skyquake :

 

[sniperdog]

I think the bear trap rally was last Friday imho. I can feel a rally coming on.

 

[Naked shorts]

I doubt there will be one soon.

Eurozone officially in a recession
http://www.abc.net.au/news/stories/2008/11/15/2420576.htm

Japan has also just declared its in a recession
http://www.abc.net.au/news/stories/2008/11/17/2422037.htm

how long till its official here?