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TOPI

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Not applicable
Anyone for a Gap play this morning ?
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25 REPLIES 25
Not applicable
50 pts below 22685 and I might be in - want to see weakness in the FTSE though. Otherwise i will wait for DOW opening
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SimonPB
Valued Contributor
why 22685 ??
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Not applicable
also seen a great gap trade in the ASX 200 on global trader, could your'l tell me when there is confirmation that the gap is going to close, because on some days it never does. what indicates a gap close..
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It was the opening price as indicated on global trader. Note that I did not advocate this as my entry point, just that 50pts below would constitute a weak opening and a good possibility of a gap close. Now that the FTSE has had a crack at its gap and we didn't even flicker, seems to me that the odds of a continuation gap are quite high. Besides, i am long on your system, so its not like that i am praying for it either!!
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SimonPB
Valued Contributor
reuters has opening trade today on ALSI futures @ 22690 ..
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saash
Super Contributor
Well - It'll be an interesting day.
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Not applicable
hmmmm, comms or shading maybe?
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SimonPB
Valued Contributor
same thing .. but surely at least make the chart accurate ??
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CART ADVISOR says:In looking at the chart for the S&P 500 SPDRS (NYSE:SPY) ETF, you can see the gap down on Monday that took the ETF below its 20-day moving average. The gap down was ominous at the time, and looked like it was the start of a deeper correction that would lead to a test of the July breakout. However, SPY recovered throughout the week, and cleared the small consolidation area it formed through July. As noted on the chart, SPY is starting to show a MACD divergence, which hints at waning momentum. The August low is now an important level to watch if the breakout ends up reversing next week.
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CHART ADVISOR says:In looking at the chart for the S&P 500 SPDRS (NYSE:SPY) ETF, you can see the gap down on Monday that took the ETF below its 20-day moving average. The gap down was ominous at the time, and looked like it was the start of a deeper correction that would lead to a test of the July breakout. However, SPY recovered throughout the week, and cleared the small consolidation area it formed through July. As noted on the chart, SPY is starting to show a MACD divergence, which hints at waning momentum. The August low is now an important level to watch if the breakout ends up reversing next week.
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eddy66
Super Contributor
The 3 most powerful words in most of our existance.The 3 words that all of us will say at some point in our lives to the person that we hoped we would find during our lifetime.The female of the species tend to place more emphasise on these words cause they are emotionally more stimulated than males.Astonishingly,it's not these 3 words that saash finds comfort in,it's the 3 letters...G A P
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ja, there is a bit of inaccuracy but they have a mini-spread instrument that I have been using to build a variation on your lazy trade system. It is proving a very cheap way to trade, so I put up with the discrepancies
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Not applicable
And incidentally, does OST even have this information available? normally I have to look up the TOPI price on a 3rd party product before entering into a warrant.
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saash
Super Contributor
Hmmm ... that's gotto be the oddest post I've ever seen my pseudo in.
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eddy66
Super Contributor
It's supposed to be humourous,but I can live with odd.
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saash
Super Contributor
Looks like the breakout failed - gap close on its way?
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HateGauteng
Super Contributor
Would this be a good time to exit?
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saash
Super Contributor
What are you exiting - a long? Wait for clarity, direction not decided yet.
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HateGauteng
Super Contributor
The long on the alsi. Just trying to work out an exit strategy.
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