LOL....buried in rubble after a skyquake
Now I often wonder what happened to the great theory of decoupling
Anyway, today we might have a controlled panic, with an uncontrolled panic on Friday. Thursdays, I don't think are renowned for capitulation. Septembers and Fridays make a deadly combination.
Don't think that will change the fact that the XAO is toast today.
This is weird. Last futures trade was down 153 points - more than 3%
But every ASX200 share I look at, the pre-open price is set to skyrocket, and there are far more buyers than sellers.
Some fantastic news released between 7am and now?
Toast - but which side is getting burned, the longs or the shorts?
wait untill the pre-open auction opens... see how many spec buy orders placed yesterday are pulled...
incidentally.... get in quick and buy banks with your ears pinned back..
Cheers
.........Kauri
Its Futures expiry Sunder you will have the Arbs crossing hands on three months worth of work. It means nothing.
Certainly not anything in a directional bet sense.
You can get stocks pinning to certain strikes as MM's flip stock back and forth to hedge delta. But no directional connotationsSame thing kinda happens with options expiry next week.
The next fib support level from 2003 - 2007 is at 4300.
Still early days but it seems fairly tame in comparison to Jan 22nd when we dropped more than 400 pts.
I took my 76% gain on my shorts and ran.
................
after all 76% in less than a week should be a good return for anyone!
OMG!!!
Clearly you were short and this is the reaction of a very happy camper!!
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