alsi

[#1]

Targets to downside complete i am long to 29600.

[#2]

FTSE just closed its gap, and we didn't budge - JSE weakness in the wake of EU strength - if FTSE turns from here, I don't think you going to hit your target

[Rams]

I am fishing ... will go long if I see at least 38.2% retrace from current levels... 1 hour trend up but 10 min oversold...by the way SP500 same pattern as FTSE

[#4]

Skaap i think u dont believe in elliot wave counts.But the count i have is that we started wave 5 of 5 up.The dollar index starting a wave 2 down.The triangle that we traded being wave 4 in wave 5 up.

[Preston]

So guys are we long or short?

[Rams]

long

[#7]

I just closed my long waiting for a pullback to re-enter.

[#8]

Remember the old triangle support trendline now resistance.

[Preston]

Current circumstance supercedes technical analysis. The world is in turmoil, nations are bankrupted. I am niether long or short , just an observer for now.

[Rams]

Yes, but intraday looks like long, not overnight. Also neutral for now....if retraces and maintains 1 hour trend on SP500 , will enter. But 1 hour on ALSI shows classic divergence and 10 min on SP500 shows divergence...quite a mixed bag---paralysis

[tee_1]

Rams i entered a small postion short to the expanded flat target.This might be a 61 % retracemant on this mornings uprun for wave 2 down.

[Rams]

tee, if you short, just wach the 38% level at around 28480 to 28500 for a reversal if it gets there....

[#13]

yip last this last push up before we slide..

[#14]

yip this is last push up before we slide..

[FEK]

So once target of 29600 reached on alsi top 40 expect drop ? If yes what does the charts say as target for drop ?

[#16]

not referring to 29600, I went short with the push we had past 28650.. stop 30 points above day high.

[#17]

No just a target for me is the top trendline of the triagle.It can break through or fail.It can even fail now.

[#18]

Yes Frost also went short there for what i see as a pullback.Wave 2 down.

[#19]

Can you say TIMBER..he he

[#20]

Frost u beter close out your short and get ready for the long when us markets open.I am out of my short.