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

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johnnyg said:
Anyone heard from Ivan lately? And how he's going? Only sorta relation I can find to this thread is a post from him on a Facebook FML thread saying he dropped 200K in a week.

Hope he's going OK.
Click to expand...

Last I heard from him was back in November. I asked him how he and his trading was going because we hadn't seen him around here for a long time.

My trading is alright. Very hard period for someone like me to make money, save a few days, when markets make extreme moves.
Click to expand...
 
Greek bailout news should be interesting for the markets, might provide some range or volatility.
Euro is up, usd down, copper and oil have opened up.
Be interesting to see the size of trades on the hod today.
 
Just got this so i thought i'll share it... it's not mine..so shoot me if it all goes bad. The source was quicktick.blogspot.com.

I hope i'm doing everythiong as requested. by the book. I'm quoting the source and not making any claims its mine or any trading tips. As per rules.

Hope it helps you all.

Kat


Hi All

As mention in yesterdays update, we are heading toward 5020s zone, with possible broading pattern top of 5043.
The daily DSR Line is 4996, with intraday levels at 4974. PP is 4969, Pivot Range is 4964-4983.
This morning 4996-5001 can act as a resistance area, with support at 4980.
Below 4980 POC at 4976-78, below that 4968.
Above 4996, next level is 5020-23.
All depends where the market opens but above are the key levels.

Enjoy your trading.
 

its gonna be an interesting week...so get ready your mouse trap....errr bulltrap. spi is heading to stratosphere!
__________________________________________________ ______
Leopards break into the temple and drink to the dregs what is in the sacrificial pitchers; this is repeated over and over again; finally it can be calculated in advance, and it becomes a part of the ceremony - Kafka
 
Hi trembling Hand

I'm just getting my head around it. they seem to be levels of support and restsiance.

Kat
 
ezylay said:
Hi trembling Hand

I'm just getting my head around it. they seem to be levels of support and restsiance.

Kat
Click to expand...

Without having a close look they are probably Pivot points or a variation on Pivot points
 
ThingyMajiggy said:
Last I heard from him was back in November. I asked him how he and his trading was going because we hadn't seen him around here for a long time.
Click to expand...

One of the best pieces of advice I've seen on this forum was given from T/H to Ivan, something along the lines of that he should put 380K out of his 400K into a savings account and try to replicate the results using 20K.

Would of saved our friend alot of heartache and $$$.
 
Broadway said:
Perhaps second false break of 5000?
Anyone shorting here?
Click to expand...

we let this speeding antilope do the running first until it gets tired... and then we move in for a kill.....
_______________________________________________________
Leopards break into the temple and drink to the dregs what is in the sacrificial pitchers; this is repeated over and over again; finally it can be calculated in advance, and it becomes a part of the ceremony - Kafka
 

 

Things look a little unwell today.
usd/usb rising.
copper oil falling.
Spi below 5000 now.
maybe the antilope is getting away.
 
Broadway said:
Things look a little unwell today.
usd/usb rising.
copper oil falling.
Spi below 5000 now.
maybe the antilope is getting away.
Click to expand...

Yes, I'm starting to get very very nervous about this rally. The downside risks looks much much greater than much more upside.

I want to look into more about this 'new bank regulation', seeing if it will affect the credit cycle for banks which may blindside those looking at a liquidity fuelled rally.

Also, markets always frontrun turning points in the figures, generally by about 2 quarters I believe. Markets are starting to look more and more at Soverign fiscal deleveraging, with the rating agencies quick now to slap a 'downgrade watch' or a legit downgrade on Soverign debt, which is what these Western economies have used to create enough liquidity to fuel this entire rally. Most corporates are now very efficient, having consolidated and streamlined their business to survive, but the tax raises in the US etc as of next year and similar measures to be implemented by other Governments, will be the basis of a hit to top line growth of corporates into the future. The thing is, Western economies are now on their 'risk limits' so they have no more liquidity availible with rates already near zero and fiscal consolidation a must.

The other thing they need is a depreciation of their currencies to reverse flows in their trade deficits, but China/Japan and other major global exporters, also want a lower currency. Then you have another major exporter in Germany who is tied in with the other EUR economies and is loving this currency depreciation so the other deficit countries in the EZ cannot reverse this process without structural fundamental economic changes.

All doesn't look good into the future for me and I think markets will frontrun this.

Rally is on the final low volume dregs of retail punters who are desperate to catch some of the rally. Just wait until someone big comes in and takes it to these guys, won't be hard to stop this rally! And no volume so downside could be absolutely explosive if there is a shuffle for the exits.
 
Just got the update from quicktick.blogspot.com
though i'll share it.Hope it helps.

I like the lower high good spot for stoploss level.

Kat.

Hi All
Yesterday the SPI hit the top of our channel and reversed down.
Overnight we now have a lower high at 5034, and that a key level.
The Major low is 4993, and if we break that expect a strong move down.
The Daily DSR Line is 5011, matching Intraday at 5011, PP 4969, Pivot Range 5011-5032, POC 5022
We are trading at near key levels. 5013-5005-8 is important for morning play.
Below 5005, and we are heading toward 4993, if we have a close below this major low expect further selling toward PP.
On the upside above 5013 and next resistance area is 5027. And of course major high 5030 zone.
Enjoy your trading.
 
Last night's fall was baked in from tues avo/wed night. You could see the volume in the usd and commodities. GS was the trigger but the market had it coming anyway.

btw, there was volume on the way down, with some fairly good volume at the bottom in commodities and commodity currencies.

May take a few days though. And there may still be a three wave down.
Eventually it will turn out to be a dip-buy situation.
 
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