Join our investing community

Trading Houston 2

Discussion in 'Shares' started by Tropo, 10th Nov, 2007.

  1. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
  2. perky

    perky Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    300
    Location:
    Sydney
    That 6505 is an important level.
    As I look now, futures are down to that right now at 49 points down.
    Certainly looks pretty bad.

    On a different note, isnt Forex trading fascinating to watch!! To see the AU go from near 94c down to (now 91.35) in 3 days - amazing.
     
  3. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Perky,
    FX is the most sexy market to play with....:D:p:D
     
  4. Glebe

    Glebe Well-Known Member

    Joined:
    15th Aug, 2005
    Posts:
    932
    Location:
    Sydney, NSW
    wow, DJIA got caned again. Now down to 13042.

    Still up quite a bit for the year though.
     
  5. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    Should see around 6400 today on the XJO... Seems a trend change may be in the winds?? :rolleyes:

    This market has been crazy since the August 'correction'... It doesn't make any sense to me.

    Should be fun! (If you know what a PUT is:cool:)
     
  6. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    how do you figure 6400?
     
  7. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    Actually i am hoping for much lower (but might get hit around here:eek:)

    I see large support around that level from may-Jul(resistence) and then slight hesitation in late Sep on the rally from Aug lows..
    If it falls below that level i am hoping for a nice leg down. The DOW just broke the 13,000 'physc' level.

    I just see interesting times
     
  8. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    XJO at my level (6440) :p
    May/may not bounce back up ;)
     
  9. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    6499 - keep bouncing baby
     
  10. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    Looks like that 13,000 level holds again... Interesting to watch it hit that level then bounce back. On low volume though so will just wait and see.
     
  11. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Yep... It may well be a bull trap...
    So ... watch your stops ;)
     
  12. coopranos

    coopranos Well-Known Member

    Joined:
    11th Oct, 2006
    Posts:
    498
    Location:
    Perth
    Looks like our market was a touch more tentative than the US & Asia.
     
  13. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    Back at 13,000 again!... :rolleyes:

    (Yes i am a Bear)
     
  14. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    DaveJ,

    It's not easy to be a bull right now.;)
    I would not be surprised to see DOW at 12808/12705/12444/12397/11991.
    Tight your stops.
    :cool:
     
  15. Steve

    Steve Well-Known Member

    Joined:
    8th Dec, 2006
    Posts:
    97
    Location:
    Sydney, NSW
    You've got to be having a lend of us... Are you sure it should be 11991 rather than 11990?:eek:
     
  16. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Only because you are a 'value' investor I'll give a discount :p
    So...what about 11995? :rolleyes:
     
  17. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    Just keep going down!...

    'Bulls climb up the stairs.... Bears Jump out the Window!'...

    Hmmm If you are playing the downside then profits may be in the winds... Working for me at the moment anyway:rolleyes:
     
  18. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    It's good to hear that you are doing well (same here) :D
    Happy trading !!:p
     
  19. Tropo

    Tropo Well-Known Member

    Joined:
    17th Aug, 2005
    Posts:
    3,396
    Location:
    NSW
    Hey DaveJ,

    DOW broke down my first level (bad news :p).
    It seems that AUD is heading towards 80c...
    Happy shorting...:D:D
     
  20. DaveJ

    DaveJ Well-Known Member

    Joined:
    13th Nov, 2005
    Posts:
    123
    WOW---

    WOW... Got Hammered Today!!.. Things aren't looking so Rosy for the BULLS out there!



    DaveJ
     

    Attached Files: