Nifty Futures Trading Part 2 (Positional)

[arsenal_7]

What is S&P 500 suggesting ...... , S&P 500 dooms day near.

 

[the tape]

What is S&P 500 suggesting ...... , S&P 500 dooms day near.

Post a candlestick chart ! and select the timeframe wisely. make sure they r all clear !

 

[coolboy007]

yes sir im still wearing them(not because of my courage but because of my internet problem)....Now god save me on monday..or else 2 weeks earnings will be reduced to ashes..

Kammy

Be happy atleast for now bro , DOW fut indicated a rise of 300 points and Spot is in red -70
If DOW fut was the cause of run up in every mkt then they will meltdown on monday. Though asian mkts didnt flare up too much , their closings were conservative leaving India and Kospi. We cant be anything sure of these days , i would not have imagined in ma wildest of dreams that Nifty will open gap up after Dow sunk so much.
Dow is throwing Surprise Surprise....

 

[xtalk]

OK, couldn't check the market whole day...too busy with other stuff...

just wanna tell that last night S&P 500 broke long term 30 year EMA (786). 786 is holy number, for some religions - both for Christian & Islam, i guess. Also, broke 100% fib line (i.e. low of last bear mkt). I'll post a monthly chart of S&P 500 later today.

Everybody talking about BIG relief rally about to start but I wonder if any bank is solvent in USA. Can we name one or two? Last night somebody joked that Starbucks may also become a bank if they ask for bailout

 

[arsenal_7]

Post a candlestick chart ! and select the timeframe wisely. make sure they r all clear !

Chart of S&P 500 has formed "Double Top" over 10 year period and it broke major 10 year support at (2002) neckline (800) yesterday. If S&P closes below 800 today, that confirms the break of neckline and capitulation due in 1-2 days.

The time scale was to highlight 10 year "Double Top" chart pattern.

 

[rishig38]

Chart of S&P 500 has formed "Double Top" over 10 year period and it broke major 10 year support at (2002) neckline (800) yesterday. If S&P closes below 800 today, that confirms the break of neckline and capitulation due in 1-2 days.

The time scale was to highlight 10 year "Double Top" chart pattern.

Arsenal, S&P closed below 800 yesterday and even today it is at 754.42. If it did break the neckline as you say, then what is holding it so far? why not capitulate now? And what makes you think it will sink in 1-2 days. Looking forward to your insight.

Thanks!

 

[coolboy007]

Arsenal
Even am interested in what rishi asked. Intraday , Dow 3 times tested 7450-7500 range and bounced back and rallying at present , dont know if it will sustain or not but i am curious why you think S&P ad US mkts will sink.

 

[coolboy007]

Bears are in for a surprise for Monday
Dow up 493 up 6.54%. Thats too good global cues. I guess europe will open higher on monday as they fell and closed in red because of Dow and now DOw closed so high.
I was long , lets see , many times Dow cues have been ignored by Asia.

 

[ARMHM]

I went long today when 2665 and even 2700 was convincingly broken.
Would keep SL for this positional trade at 2500. Am hedged as usual.

Hedged? What you do. Write call or buy put?
Just curious.

 

[S S]

I went long today when 2665 and even 2700 was convincingly broken.
Would keep SL for this positional trade at 2500. Am hedged as usual.

Hedged? What you do. Write call or buy put?
Just curious.

Let me guess.......!

To start with, he must have been long for 2500 Put, and when the markets started the uptrend, he must have bought the futures

Correct me, please........!