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The official "ASX is tanking!" panic thread

Discussion in 'ASX Stock Chat' started by RexBudman, Aug 5, 2011.

  1. tech/a

    tech/a No Ordinary Duck

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    Strange that you now see the price action of the ASX as a capitulation NOW.
    What was it yesterday afternoon?
     
  2. RandR

    RandR

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    Im pretty confused by this post tech. :confused:

    Yesterday afternoon the price action of the ASX 200 was clearly capitulating.
     
  3. skc

    skc Goldmember

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    Gold has never done anything but sitting there. That's been the case for what, 5000 years? What are the chances of that changing in our life time?

    How did China intentionally cause the Euro debt crisis?

    Agree. If we get more positive rhetorics coming out of Germany and France, a few more rambling about BRIC support, and a few more hope-rally on QE3 by 21 Sept... it should last us to at least the end of the week...
     
  4. notting

    notting

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    I was seeing reports that Greece was rushing through new austerity measures whilst all the media was reporting bucket loads of rubbish about imminent defaults it was unbelievable!!

    Further, there were more Greeks on the streets protesting. However these particular protests looked more like Zombies walking along the streets rather than energized violent clashes.

    Think about it.

    It's not so enjoyable greezing yourself up and lying on a beach whilst your bank cannot give you any money for food and you are well freeking hungry!!
    Let's all protest so that we have no food or social security tomorrow!!
    "Yeah - Down with austerity measures down with Germany!!:mad:
    Where's my free Souvlaki I'm 54 Goddammit!":confused:

    Waiky waiky!!

    I bought so much that I felt sick. Won't be holding for long.
     
  5. Tysonboss1

    Tysonboss1

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    It may just be someone playing funny games with the market depth indicator, But it looks like alot of the big names are going to have a decent kick up at opening, maybe up 100 points.

    It is far from a reliable indicator though, we will have to wait and see.
     
  6. captain black

    captain black

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    September futures expiry today may explain some of it ;)
     
  7. nomore4s

    nomore4s Commonsense isn't that common

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    Futures is up 70 odd points from last night.
     
  8. tech/a

    tech/a No Ordinary Duck

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    Just looked like a down day to me.
    Euroland having a reversal and a little on the DOW may have influenced your comment.
    To me a capitulation is a last gasp thrust down.
    Ive got no reason to believe that yesterday was that!
     
  9. tech/a

    tech/a No Ordinary Duck

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    Thats amazing never seen that in 17 yrs.

    For the last 30 min the range of the SPI has been a Tick 4098/4099
    Volume is rubbish.
     
  10. nomore4s

    nomore4s Commonsense isn't that common

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    Tech that contract expires today, change to APZ1
     
  11. tech/a

    tech/a No Ordinary Duck

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    hahaha
    Where are those dementia tablets!
    I need a good laugh!
     
  12. nomore4s

    nomore4s Commonsense isn't that common

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    Bad fade so far, lost about 30 points since open, will we get a rally when HSI opens?
     
  13. skc

    skc Goldmember

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    De Javu...
     
  14. nomore4s

    nomore4s Commonsense isn't that common

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    Yeah it's like taking candy from a baby atm, just sell into any strength and try to catch as much of the trend as you can.
     
  15. RandR

    RandR

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    chart is looking quite similar to yesterday. Maybe not a bright finish to the week after all.
     
  16. tech/a

    tech/a No Ordinary Duck

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    Bugga missed that was like a beacon---on the right chart!

    SPI 15.gif
     
  17. Struzball

    Struzball

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    Yes, the XAO is not much fun to watch any more.
     
  18. nomore4s

    nomore4s Commonsense isn't that common

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    Some strength has come into the market across the board, Will it hold and follow through now is the question.
     
  19. skc

    skc Goldmember

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    50pts lower... there was really pretty good strength this morning but we are now looking at a flat day as optimistic outcome.

    Let's see how HK opens after lunch...
     
  20. nomore4s

    nomore4s Commonsense isn't that common

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    Yeah I thought that strength would at least hold but it failed big time.

    HK opened pretty weak, down around 100 points
     
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