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

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A nice 20 minutes of steady, upwards movement there. Good pyramiding for faster traders!
 
Is anyone watching the SPI still awake? One truely needs to heed the way of the turtle with today's action.

Have a feeling that the SPI is due for a 3:30pm rally. Any thoughts?
 
I foolishly took a late stab at the SPI just now - about 5 minutes before it fell apart. I wouldn't usually get into a wave that high, but I guess greed got the best of me. This one might break further.
 
skc said:
Is anyone watching the SPI still awake? One truely needs to heed the way of the turtle with today's action.

Have a feeling that the SPI is due for a 3:30pm rally. Any thoughts?
Click to expand...

Changed my mind. I based my feeling on the Nikke and DOW futures being quite strong. But something happened 5 minutes ago and there is no more strength there to lean on anymore.

Hopefully we have done enough falling today.
 
skc said:
Is anyone watching the SPI still awake? One truely needs to heed the way of the turtle with today's action.

Have a feeling that the SPI is due for a 3:30pm rally. Any thoughts?
Click to expand...

I think we will see it close on the low


G
 
Hope so, got on short at 3846 - hopefully it doesn't retrace too far.
 
I suppose you think I'm about to be pushed out?

Edit, you were right, but I'd moved my stops.
 
I don't mess around getting greedy so far after the peak of a wave, TH.
 
Retracement just ending here is my guess.

Limit short at 3856, stop 3859
 
Limit short 3861, stop at 3 pts.

Target 3850.
 
I think he shorted on the way up and got stopped out soon after. London waking up.

Edit, late as in time...ah.
 
Mr J said:
I think he shorted on the way up and got stopped out soon after. London waking up.

Edit, late as in time...ah.
Click to expand...

Yeh i was looking at post time. 4:29 too late for a 3tick stop trade lol.

But prob traded it and posetd later
 
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