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Online Share Trading

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TOPI Resistance

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Super Contributor
VI/Rams where is your resistance on the Topi. I have 26,733.
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17 REPLIES 17
Not applicable
TOPI sees SPREAD TRIPLE BREAKOUT.Target 27700.FINI on a new BUY as well.Target 8200....However,both are entering a web of resistance. Personally,I shorted another contract today at 26700.And now I wait.If it breaks up further,the above targets will represent next SHORT-area.(and another 2 contracts.)...now let's see where this yo-yo TOPI goes.Fun isn't it.Like playing Space Invaders or PacMan.What does the next screen hold ?
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Super Contributor
Pac Man, yo-yo, space invade, where have my youth gone. Shakespear wrote "Gather thy rosebud, whilst still young", these day i am changing my baby dipper, filled with wholesome goodness.
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Super Contributor
looks like the down trend is over. check out the many buy divergences on the stocks. this chart also tells a different story, the bulls are rising mate http://2.bp.blogspot.com/-92huumIirrg/TlpBvABOWEI/AAAAAAAAAWw/5zeytxvPRGc/s1600/Sent082911.png
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Not applicable
Mmm...could be a Fake-out Breakout.Make-out ?
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Super Contributor
the TOPI is now trading above 27,100 if after market. hiha.
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Super Contributor
looks like many stocks have broken resistance and the TOPI has traded throuhg 26,733 and 27,100. Platinum stocks have woken up slightly. Retailers are powering ahead, so much for the consumer coming under pressure.
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Valued Contributor
ALSI below Topi .. which makes me long not with standing I had an entry anyways ..
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Valued Contributor
+200 points and still ALSI beow Topi
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Not applicable
Simon, IIRC from your course on index futures ALSI is always couple of hundred points below TOPI in pure numeric terms, or did I get it wrong?
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Valued Contributor
nope, ALSI being the future should be above Topi as the future always costs more ..
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Not applicable
Ja, but Simon, Alsi is a September contract & pretty close to maturity, so the difference between Alsi and TOPI should be minimal?
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Valued Contributor
sure, 50 points for the two weeks remaining, but it 125 below ..
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Not applicable
So how can that be tradable, because it is the direction that matters?
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Valued Contributor
ideally long ALSI short Topi .. but I just long ALSI, had a few engulfing candles that pu tme into longs as well ..
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Not applicable
Now I am confused. All instruments are based on the TOPI, aren't they?
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Valued Contributor
yip, so you short topi with a basket of shares or via STX40 .. or you could do longer dated contract (dec11) ..
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Not applicable
Sorry, its your long ALSI, short TOPI statement that has got me confused
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