Trading the SPI

[Bronte]

Todays SPI Chart:

 

[Joe Blow]

It seems as though Joe can recall our little chat session.
Chat works very well Joe...Thank you for installing it

Hi Bronte, I wasn't there but I checked the chat log and for the record you said 'sell 4967' at approximately 11:45am. The attachment below says 21:44:41 27/7/06 but the time stamp on the log is 14 hours behind the time on the east coast of Australia.

Glad to see people are using the chat room.

 

[Bobby]

Bronte, I wasn't there but I checked the chat log and for the record you said 'sell 4967' at approximately 11:45am. The attachment below says 21:44:41 27/7/06 but the time stamp on the log is 14 hours behind the time on the east coast of Australia.

Glad to see people are using the chat room.

Go Joe !!!


Bob.

 

[spitrader1]

Sorry, I can't help you. I logged back in at around 12:45 but got called to lunch and a walk before it came back when I came back around 1:30 I could see that I came back at the end of the conversation. I tried to "scrollback" the conversation but it had timed me out. When I logged back in all of the messages had disappeared. I tried to scrollback but it seems to only let you scroll back 5 minutes.


Anyway my message was to spitrader who had scalped a few shorts already, I wondered if he got the big one.

MIT

heh mit thanks for the effort of enquiring, unfortunately i had other priorities so i squared up for the day...

 

[Bronte]

Hi Bronte, I wasn't there but I checked the chat log and for the record you said 'sell 4967' at approximately 11:45am. The attachment below says 21:44:41 27/7/06 but the time stamp on the log is 14 hours behind the time on the east coast of Australia.
Glad to see people are using the chat room.

Thank you Joe
Very much appreciated.
I was asked to give a live call.
Eight members saw the above live.
I said "sell 4967" the SPI was at 4969

 

[Bronte]

Thank you Joe
Very much appreciated.
I was asked to give a live call.
Eight members saw the above live.
I said "sell 4967" the SPI was at 4969

It was about 11.44/45 AM (EST) as the log says
Some members were thinking of buying off the double bottom.
I said "no please listen to me" "sell 4967"
Great to see we can recall."Thanks again Joe"
Only trying to help

 

[Bronte]

Dow +119.3
Should set up an interesting Open

 

[Bronte]

Dow +119.3
Should set up an interesting Open

Monday 31st July 2006
I wonder if our market will go up or down. :bowdown:SPI

 

[Bronte]

SPI Daily showing "Sideway Movements" and "Gaps":

 

[neo]

Hi Bronte,

Sycom closed at 4985. (up from Fridays close at 4936).
I should think that Mondays opening should be around this area.

If so the SPI has already priced in a rise in response to the increase in the dow and s&P.
Any market moves therefore on Monday will be due to local factors.
Mondays tend to be positive days.
OS commodities had no big moves on Friday.
There doesn't seem to be any great (short term) negative influence.....hence I would think we may have a trade opportunity to the long side!

What are your thoughts Bronte?
Anyone else?

 

[neo]

Mind you, there is nothing stopping a good dowm move either.
I think I will stay in the spectators box and see what happens!!

 

[Bronte]

Good morning neo / Freddo,
Great to see you back

 

[Freddo]

What are your thoughts Bronte?
Anyone else?

From my charts I am "thinking" it should go to the upside
like you said though I'll wait until it declares itself
either way.

No trades from me last week, have been on a conference
and didn't get any signals anyway.

Regards

Freddo

 

[Bronte]

We have always found Mondays to have the most unpredictable of Opens.
E.O.M. Selling could still be around.
Monday Buy Rules & Dow +119 Points.
We will trade what we see this morning
Resistance at 4990/5
Support at 4962/4

 

[Freddo]

Good morning neo / Freddo,
Great to see you back

Good Morning Bronte !

Looking forward to seeing how today goes

Regards

Freddo

 

[Bronte]

We have always found Mondays to have the most unpredictable of Opens.
E.O.M. Selling could still be around.
Monday Buy Rules & Dow +119 Points.
We will trade what we see this morning
Resistance at 4990/5
Support at 4962/4

Resistance becomes Support
Opened at 4997 above our Resistance
4995 Low
5006 High
5006 Now

 

[Ageo]

Hi All.

My 1st major resistance level is 5024 and then if it holds a push back down to 4070 (gravitation).

let see how it pans out.

 

[Bronte]

Dow +119.3
Should set up an interesting Open

That it was

 

[Sensei]

Hi All.
My 1st major resistance level is 5024 and then if it holds a push back down to 4070 (gravitation).
let see how it pans out.

... 4070 ... yes but not today ....
Maybe a high of 5010 then a pullback to low 60's.

 

[Bronte]

... 4070 ... yes but not today ....
Maybe a high of 5010 then a pullback to low 60's.

4070 Not today indeed