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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:

Gold, Oil & Indices (Equity & Bond Indices)

Discuss Gold, Oil & Indices (Equity & Bond Indices)
 
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 3, 2011 15:14
looks like they on the same wavelength as me only I posted the analysis several weeks ago :-)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 3, 2011 15:11
below we have 78.6% level at 1275. (SPX)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 3, 2011 15:08
it's not just me.. I like round numbers though:-)

Tsys traders watching the S&Ps and S&Ps Eminis: should the S&P Eminis break the
1292-1295 support zone, it could slide a lot more said traders; right
now it is at 1299, after hitting a low of 1294 this morning in choppy
trading. There already has been asset allocation out of S&P Eminis into
Tsys; some consider that break lower quite likely, which could spur more
asset allocation in theory.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 3, 2011 15:06
Cityboy, 1306.88 on the cash was the level to hold which it kissed yesterday and thoroughly breached today. Next signif downside level would be 1295 to 1292 cluster of potential support. Its already signalled lower prices probable so even if the next support holds its likely to be short lived. below we 78.5% level at 1275.
Citiboy
London, UK
Posts: 20
13 years ago
Jun 3, 2011 14:55
Jacek what if 1300 holds do you think next week will be better. I'm still a bull but becoming bearish I think the markets being moved down to encourge QE3 earlier. 12100 key level on the Dow need to close above it IMO
Citiboy
London, UK
Posts: 20
13 years ago
Jun 3, 2011 14:54
so pi$$ed oof should have held my shorts would have laughing all the way to vegas
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Jun 3, 2011 14:43
1300 done in spx!.. if this doesn't hold this week then bad things will happen next week..
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 3, 2011 12:10
Crude is still range bound. If anything I would feel bearish and tempted now to try short with very tight stop just above one day candle high c. $101. current price 99.38. Any trade entries prior to NFP carry high risk, need I mention.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jun 3, 2011 11:50
gold failed at the 78.6% ret at 1551.7 just below my upper target of 1557. I am flat looking for bracket trade, long above 1552 or short below 1520. Silver looking weak having failed at the 38.2% ret and now testing 100 DMA level. Good trading Sarah.
bhglitter123
dubai, United Arab Emirates
Posts: 36
13 years ago
Jun 3, 2011 9:38
ashraaf looking forward for your analysis!