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Index Trading, xjo, dow, dax, ftse
King Baz
post Posted: Jun 21 2007, 12:19 PM
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In reply to: early birds on Thursday 21/06/07 12:05pm

Can not log onto my CMC at the moment . . . but managed some shorts on IG at 6384, thought that was a good entry. How is CMC?



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Regards,

KB



LIFE IS FRAGILE and as investors we have disproportionately significant moral obligations.

I encourage people to watch the DVD titled 'The Corporation' to fully understand the exploitative nature intrinsic to corporations. Then, immediately after to watch the 'Inconvenient Truth' to put it in context.
 
early birds
post Posted: Jun 21 2007, 12:05 PM
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In reply to: nizar on Thursday 21/06/07 10:45am

nizar
it's bit too early to call it double top at this stage. suppot zone for DOW is 13475---13425,
then you have 13200 for the boundry.
if it close below 13200, then double top is formed.

Dan, that subprime thing from Bear Stearns is a old news way before the market opens. and they blame the yield creeping up, i don't think that really is the case.
market just too tiered after runing 4 years with faster and faster pace. if this is the top of the market then we should see some side way action then finnally roll over and collapse.

so, sell into any rebound or rally is the way to go.
do you guys agree??

the CMC things---- i guess this mob thinks that market won't go any higher, and they are often get it right. agree with Dan, short stocks with CMC is much better than short XJO atm.



 
Danville
post Posted: Jun 21 2007, 11:36 AM
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In reply to: King Baz on Thursday 21/06/07 09:29am

CMC is at 6343 with a high last night of 6393

Wonder why the two companies are so different??

 
King Baz
post Posted: Jun 21 2007, 11:29 AM
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Dan - it is all over the place.

When the xjo looked like it ran out of steam yesterday arvo, l picked up 6shorts at 6391,

since then it reached a high of 6424 and a low of 6319 . . . l still hold and the current marker is at 6371/73.



--------------------



Regards,

KB



LIFE IS FRAGILE and as investors we have disproportionately significant moral obligations.

I encourage people to watch the DVD titled 'The Corporation' to fully understand the exploitative nature intrinsic to corporations. Then, immediately after to watch the 'Inconvenient Truth' to put it in context.
 
Danville
post Posted: Jun 21 2007, 11:19 AM
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In reply to: early birds on Wednesday 20/06/07 10:41pm

QUOTE
minute you thought market gonna collapse, it comes back.


And then the minute you think it's come back - it tanks again

I'm inclined to think the tops are in, but you sure have to be nimble in this market

Don't like it when CMC is 30 pts below the cash market, so may just look for stocks or short other indices like the xfj or xmj. How's IG pricing Aus and KB?

It's so odd that after months and months of media coverage and Bernanke speeches on the subprime issues, that the market finally spooked over it. I heard the announcements last night before I went to bed, but figured it was old news and certainly everyone would have been expecting it already.

 
nizar
post Posted: Jun 21 2007, 10:45 AM
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In reply to: early birds on Thursday 21/06/07 10:31am

Good morning EB.

What do you think of the DOW?

Looks to me like a double top.... unsure.gif



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My posts express my opinions and thoughts and do not constitute financial advice.
Please consult a professional financial advisor and/or do your own research before investing.
 

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early birds
post Posted: Jun 21 2007, 10:31 AM
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goooooooood morning!!
is anyone made money last night??

sugar, i'm very humble to hear your way to dealing with these type of market movement. so, don't hide under the rock, when i need you. tongue.gif



 
early birds
post Posted: Jun 21 2007, 12:41 AM
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In reply to: Danville on Thursday 21/06/07 12:14am

minute you thought market gonna collapse, it comes back.

i've been sucked in with shorts, have to cut small loss and run.

don't know what to do anymore. grrr.gif



 
Danville
post Posted: Jun 21 2007, 12:14 AM
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Come to think of it, this will probably be a pretty good short in another day or so
Attached File(s)
Attached File  homedepot ( 11.21K ) Number of downloads: 8

 


 
Danville
post Posted: Jun 21 2007, 12:08 AM
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In reply to: nizar on Wednesday 20/06/07 09:31pm

Nizar, a recent survey shows tha bearish sentiment is the lowest in 3 years. LOL That stat in itself is actually bearish. When everyone's gone bullish it's usually time to sell.

Home Depot up almost 10% but cannot compete with interest rate worries

I say we toss a coin tongue.gif

 
 


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