The Trading Floor - Mar 2012

Discussion in 'The Trading Floor' started by trendtrader, Mar 1, 2012.


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  1. trendtrader

    trendtrader Well-Known Member

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    2mrw morn, our market will open with a gap-down.
    Then when trading starts, I dont think we will see a bounce.
    Instead, prices will just continue to drop from there.
    On the way down, prices will see small rebounds.
    But they will be shortlived becoz every bounce is a SELL.
    Still not too late to short tomorrow for Chicken Run.
    I just talking kock only.
    Not an inducement to LONG hor. aa-TheFinger.gif
     
  2. Milo-Dino

    Milo-Dino Well-Known Member

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    sigh.. I was queuing to short dow since last night at 12990 but it never came.. only reach 12980...
    endup that's 160 points lost
     
  3. wizely

    wizely Well-Known Member

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    Initial rebound is very subdued.. likely will be a bloodshed night..

    DAX/CAC is at -2.6%.. haven't seen such drops for more than 2mths already.. major indexes all broke through their MA20 support today..

    Decided not to trade tonight.. spend some time to do research for my Shanghai trip is better
     
  4. wizely

    wizely Well-Known Member

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    US futures cliff diving now... should see a short rebound on opening..

    HSI futures already close to -200pts..
     
  5. Milo-Dino

    Milo-Dino Well-Known Member

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    angang bro... the writing was already on the wall when STI refuse to break 3000 convincingly as well as Dow can't close up 13000....
    Divergences were showing on charts...

    I think I got warn before to becareful...
     
  6. Amator

    Amator Well-Known Member

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    A disorderly default by Greece would likely force Italy and Spain to seek aid to prevent being engulfed by the debt crisis and would cause more than 1 trillion euros ($1.36 trillion) in damage to the euro zone, the Institute of International Finance warned in a recent document, Reuters reported Tuesday. The IIF, a banking trade group, helped negotiate a voluntary Greek debt swap that aims to cut more than 100 billion euros from Greece's debt pile. Failure to complete the swap could endanger the country's second bailout, leaving the potential for a hard default. The European Central Bank would likely suffer major losses, the document said, putting the ECB's Greek exposure at 177 billion euros, while Ireland and Portugal woould likely need further assistance. A default would also likely trigger at least 160 billion euros in bank recapitalization costs, the IIF warned. An IIF spokesman didn't immediately respond to a request for comment on the report.
     
  7. wizely

    wizely Well-Known Member

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    It's a good day for intra day trading..
     
  8. angang8

    angang8 Well-Known Member

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    Guys .. looking at DJ future and Europe right now.... look like more bloodshed tomorrow. Really dilemma hor... this kind of selldown is so fast and furious... sometimes really leave us no time to follow our trading strategy.... learning learning.... :hammer:
     
  9. trendtrader

    trendtrader Well-Known Member

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    Today we kena hit by this.

    If only we had an early warning system to tell us it is coming. aa-19-rolleyes.gif

    Tsunami4.jpg
     
  10. trendtrader

    trendtrader Well-Known Member

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    Okie.
    After my bedminton. aa-13-nana.gif
     
  11. trendtrader

    trendtrader Well-Known Member

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    Yes...........that's what I said to Angang too.
     
  12. 發發發

    發發發 Well-Known Member

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    Let's check on the chart for possible action preview. Touch base later this evening. See ya.
     
  13. trendtrader

    trendtrader Well-Known Member

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    Closed at 10.55.
    Last Done is 10.67.
    See how weak the stock is?
    Closed with a gap down of 12 cts.

    10.50 is next........then 10.30.
    At this rate......10.00 also will kena then.
     
    Last edited: Mar 6, 2012
  14. trendtrader

    trendtrader Well-Known Member

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    Angang,

    If 2mrw rebound......watch the strength of the rebound and the volume.
    If no volume and the price rise quickly with very few lots done at each level,
    this kind of bounce is a bullshit ram up to sell down type. Then we get ready
    to whooooooooosh.
     
  15. 發發發

    發發發 Well-Known Member

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    IF only i am still holding on my SHORT @10.99 :w00t: Anyway, its all hindsight bro.
     
  16. Dawninvestor

    Dawninvestor Well-Known Member

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    whoosh the rebound?
     
    Last edited: Mar 6, 2012
  17. trendtrader

    trendtrader Well-Known Member

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    Waaa lau......Big Bird...

    Last Done .... 10.67

    Pre-Matching....10.31. aa-10-eeks.gif
     
  18. 發發發

    發發發 Well-Known Member

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    That's a million dollar question, Arh Ang. Should US and Europe follow Asia in their correction, any rebound is gonna be limited.
     
  19. trendtrader

    trendtrader Well-Known Member

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    Then do nothing if in doubt.
    As long as you dont poke the market, you cannot get HIV.
     
  20. angang8

    angang8 Well-Known Member

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    Tomorrow rebound??? :huh2:
     
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