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Topi futures

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Super Contributor
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41 REPLIES 41
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This is ugly..i meant worse...correction,this is zimbabwe...i bet the likes of gordon ghecko of wallsteet(money never sleeps) are laughing all the way to the bank,which one are you?...and i got grilled some weeks ago for stating"saying"da market is very bearish!!!!!lol!
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we might be bearish, but we are nowhere near a bear market. Start worrying if we trade below 33000. We just made new highs, so until we get a series of lower highs / lower lows, we are still in a bull market by definition.
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The not so nice thing about technical analysis is that it looks obvious after it has all happened...look outside..smell the coffee...
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Super Contributor
went long at 35600 with a 100 points stop loss, looking only for 300 points PLEASE.
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Super Contributor
not much happening now till 33800ish...
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Its trying to close the gap between 35,100 - 35,300.
But longer term it could either bounce up from there, but more likely it could go down to 32,500. Like skaaptjop said though, just because its bearish doesnt mean its a bear market.
Its healthy to have a small correction of 10-15%.

My opinion is its great if it gets there, it finally gives the bulls a chance to join the (longer term) bull market, I know Id be buying below 33,000 with a target of 40,000.
We had such a fast ramp up last year.
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The nice thing about TA, is that it puts everything in perspective. We might be seeing red right now, but the market still views the outlook more positively than it did in April. Is this the start of a bear market? Who the hell knows? I think not. If I am wrong, well, I will be a couple of percentage points overall poorer. If I right, well the potential reward out weighs the risk. Now a short trader might bet on more downside, sure. I believe markets are inherently biased to the long side, so I almost never short. But that is just me.
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Super Contributor
well, the US markets will open with a huge gap...if they try to close it we may see a decent retracement on the ALSI wiping out most of the losses...until then any retracement on the ALSI is shortable(my view only)
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Super Contributor
gap of 125 points on the DOW...
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Super Contributor
still awaiting 33800
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Super Contributor
Taking out 400 may be a long, confirmed above 600...intraday...watching what happens at 400
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Super Contributor
at last some green
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Super Contributor
35600 is the level again
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Super Contributor
my analysis: did a double top from 37793 to the breakdown point of 36277. the target on the short side was 34761 (today's low was 35000, 300 points shy)
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Super Contributor
my 15 min chart says 35400 to 35600 , we going nowhere, you just get stopped out both ways.if 35400 is support, then taking out 35600 may set up a good long trade...
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Super Contributor
up too any where from 35720-36700ish before short continues...
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Super Contributor
we need to get out of this 400-600 range. the 36400 held up, lets see if we can get past 35600
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Super Contributor
DOW closed its Gap yesterday while we were asleep..FTSE trying hard to close its gap...we are just pancaking around
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Super Contributor
Will break to the upside shortly...
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