SPI200 Chat - What will happen next?? suspense music

moXJO · 3 June 2009

You shorts are braver than I. I thought it looked bullish breaking above that old resistance and above 200MA?(so long as it closes above)

I'm long like Donkey kongs prong on some US stock though. So I hope you guys are wrong:

CapnBirdseye · 3 June 2009

When or if the XJO gets to 4000, will it stop raining? Hope so.

skc · 3 June 2009

Trembling Hand said:
I guess the problem with getting fixated on lagging indicators is that,,

What are you talking about? Clearly with balls of steel and holding onto my position I am now break even!

2 more points to 4000. I have party popers in hand.

Mr J · 3 June 2009

I don't like the terms overbought and oversold because it only refers to whether the market seems out of balance, and not to whether the market is turning.

ivant · 3 June 2009

Bagh its not letting me upload. i'll post a link in a sec

beamstas · 3 June 2009

ivant said:
Bagh its not letting me upload. i'll post a link in a sec

Its ok we can just go to your blog

skc · 3 June 2009

There we go! Merry Xmas everyone.

beamstas · 3 June 2009

4000 next stop 7000

korrupt_1 · 3 June 2009

skc said:
There we go! Merry Xmas everyone.

... followed by Easter decorations the very next day

Mr J · 3 June 2009

beamstas said:
4000 next stop 7000

Great. Good ride up, and it'll be an even better ride down. GFC #2. I missed the first.

beamstas · 3 June 2009

That was short lived

Trembling Hand · 3 June 2009

beamstas said:
That was short lived

That was a SPi breakout.

moXJO · 3 June 2009

While everyones here what is the e-mini symbols for dow, s&p 500 and xjo?

ivant · 3 June 2009

There we go. Otherwise http://2.bp.blogspot.com/_Wyd5_hNpg30/SiX6rWKpYrI/AAAAAAAAABs/OEOOQwVcW3Q/s1600-h/img_12440024174699.gif.

I don't use RSI that much, I prefer Chande's. Overbought/oversold indicators often do unwind and consolidate, without doubt. That's why it is good to use them with support and resistance lines, as well as fib levels. They do often fail. But you still never see a market rally 200 points in the face of massively overbought levels without a stop.

Trembling Hand · 3 June 2009

moXJO said:
While everyones here what is the e-mini symbols for dow, s&p 500 and xjo?

YM
ES
SPI or AP

And of course you mean futures not emini!!

nomore4s · 3 June 2009

ivant said:
But you still never see a market rally 200 points in the face of massively overbought levels without a stop.

I thought we just had a break and consolidation? And now it is now pushing up through resistance?

moXJO · 3 June 2009

Trembling Hand said:
YM
ES
SPI or AP

And of course you mean futures not emini!!

Ta TH, you can tell I'm a futures nub

skc · 3 June 2009

ivant said:
But you still never see a market rally 200 points in the face of massively overbought levels without a stop.

Stop <> Reverse is what everyone's saying.

And despite SPI now being 4010, it's still raining in Sydney

beamstas · 3 June 2009

ivant said:
I don't use RSI that much, I prefer Chande's. Overbought/oversold indicators often do unwind and consolidate, without doubt. That's why it is good to use them with support and resistance lines, as well as fib levels. They do often fail. But you still never see a market rally 200 points in the face of massively overbought levels without a stop.

You have so many indicators i can't even see the price

Frank D · 3 June 2009

SPI Weekly and 5-day pattern

Ivan,

You are like a great system, works perfectly when the market allows it
to work perfectly, but when market conditions change all great systems experience drawdowns or go into the dust bin

You just need to work on your ability of understanding when those
conditions change, and at the moment you’re simply not reading the
market correctly.

This market is going to go to 4400, and if you are short you better hope
the JUNE highs @ 4042 stop this up trend this month, otherwise you need
to stop shorting the market above 4042 regardless of what you think.

Just my 2 bobs worth

SPI200 Chat - What will happen next?? suspense music

moXJO

menace to society

CapnBirdseye

skc

Goldmember

Mr J

ivant

beamstas

skc

Goldmember

beamstas

korrupt_1

Mr J

beamstas

Trembling Hand

Can be found on the bid

moXJO

menace to society

ivant

Trembling Hand

Can be found on the bid

nomore4s

Commonsense isn't that common

moXJO

menace to society

skc

Goldmember

beamstas

Frank D

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SPI200 Chat - What will happen next?? *suspense music*

menace to society

Goldmember

Goldmember

Can be found on the bid

menace to society

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Commonsense isn't that common

menace to society

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