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Online Share Trading

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Calm before a storm

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john_1
Super Contributor
Is it just me or do you too feel a little south wind blowing.
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53 REPLIES 53
Not applicable
Been eating Mexican food again have we
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Not applicable
Grr, avast mateys, i too sense a disturbance in the force....
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DCTrader
Super Contributor
I'm hopinh a force 5 hurricane rips through this market... but that's maybe a bit extreme. Moral of the story... dont hold a wave warrant overnight!
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john_1
Super Contributor
It simple science mate.. all waves end up, by breaking on the beach.
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CE
Super Contributor
Hows about a bit of TOPDWZ and the wave will brake in your bank account when the old TOPI k#k this pm J-man ?
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Not applicable
'Scuse me while i go polish my surfboard....!Nothing like some early morning riding, just watch out for those sharks.
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DCTrader
Super Contributor
Prediction... we'll be back to the opening level by 12!
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CE
Super Contributor
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john_1
Super Contributor
I dont know CE I went looking for a surf this morning but it looks like the tides might be wrong, Truth is CE its a great fantasty to buy 2-3 hundred thousand and retire this afternoon, but the more likey thing that will happen is a wipe out or a little gamble of R 1000 bucks that gives you a thrill but not much else.
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Not applicable
Last time I heard talk like this I joined the party and woke up with a hangover... me thinks I should have bought calls instead of PUTs again
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CE
Super Contributor
Well summed up, although I see there are a few oaks with slightly bigger balls.
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Runbird
Contributor
While I have to agree that I also have a feeling that we might see some more red, I know from experience that I have lost way too much on these feelings... So, now I go by the charts, fundamentals, etc and at the moment nothing tells me we are going down. On 30 minute and 1 hour charts, MACD, Stochastic, RSI etc indicates a BUY. Commodity futures also looking good. Do, I'll wait till we hit resistance and re-assess. Wall Street futures are negative, though, so we might see some downward movement this afternoon...
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peekay
Frequent Contributor
I made most of my money on TOPDWZ yesterday. The bit of profit I lost today was not significant. But is there a new entry? I am sitting on my little pile of cash.... Waiting.... patiently....
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SimonPB
Valued Contributor
aha runbird, somebody talking sense at last. Gut feeling are best left for the smallest room in the house.

An a comment on US futures, they're generally not useful for what the market will do. It's a couple of taders who can't sleep playing around, certainly no large institutions are up and trading the futures at this time and they are the ones that will move the market.
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john_1
Super Contributor
I have to admit, i think old runbird may have it right.
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SimonPB
Valued Contributor
john, why hate it? jes trade it. but you know that.
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john_1
Super Contributor
Turns out you were both right. But then you know that also.
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Not applicable
3 consecutive lower highs & lows. Dunno bout you chaps, but I saw this one yesterday just before the tsunami.
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DCTrader
Super Contributor
Damn... knew i should hav doubled up... bid at 15c but the trades were all at 16/7c... oh well
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