XAO Banter Thread

[Gringotts Bank]

Hi Gringotts Banks, are you in any of them?

No, I'm not much good at catching knives.

 

[willoneau]

No, I'm not much good at catching knives.

Sorry Gringotts Banks, I meant before the pull backs.

 

[Gringotts Bank]

Sorry Gringotts Banks, I meant before the pull backs.

yep, in and out at different times.

 

[willoneau]

yep, in and out at different times.

Discretionary or systematic?

 

[Gringotts Bank]

Discretionary or systematic?

Combined. System throws up signals, then I read HC and apply discretion.

 

[willoneau]

You read HC , what is that?

 

[Gringotts Bank]

You read HC , what is that?

Hot copper.

 

[willoneau]

your assistant stock picker?

 

[Logique]

I seem to remember this market. It's 2005 again isn't it?

Reits, gold, market indices ..

 

[qldfrog]

I seem to remember this market. It's 2005 again isn't it?

Reits, gold, market indices ..

So we have 2 more years to make hay?while a forever negative guy, that would not surprise me

 

[willoneau]

I do like the way it is sloping up at the same rate.
I also think it will break through the high and continue for awhile, but only crystal ball stuff. I also read somewhere 2022 would be high.

 

[PZ99]

Back to 6500 today ?

 

[gartley]

If multi year broadening pattern is complete in SPX, then this looks very ominous.....

 

[Gringotts Bank]

https://www.barrons.com/articles/th...properties-and-keeping-cash-ready-51565017699

I doubt it's going to bounce. Too much negativity world wide. Trump will resist backing down, and China will never back down. That means china 'wins' the trade war, but wars take a while to play out. Thinking 5800.

 

[Gringotts Bank]

[edit]

MR system only generating 3 potential trades today, (all gold stocks). I'll probably take 1 of them. Gold has a good feel about it still, but opportunities to go long are scarce.

 

[greggles]

Looks like it's going to be a bloodbath at the open this morning... the few stocks I have checked look like they will be opening much lower.

Hold on to your hats folks! Things are going to get ugly.

 

[HelloU]

agree - but note 3thursday, so options day - that will initially distort the place.

 

[tinhat]

agree - but note 3thursday, so options day - that will initially distort the place.

For equity index options.

https://www.asx.com.au/documents/products/OptionsExpcalendar_2019.pdf

 

[gartley]

Looks like it's going to be a bloodbath at the open this morning... the few stocks I have checked look like they will be opening much lower.

Hold on to your hats folks! Things are going to get ugly.

Post election rally is evaporiting..........Market is only 77pts higher than the same day last year. Thankful my portfolio is looking much better)))

 

[tinhat]

Post election rally is evaporiting..........Market is only 77pts higher than the same day last year. Thankful my portfolio is looking much better)))

Noting the market trend for timing is one thing, but buying quality is another. I don't buy the market, I am learning to buy the company and learning to use the market to time purchase decisions.