35854 replies to this topic

[K~~]

Haha. S surely must be the last of the bulls! So it must hit 39000 first before she turns!

[Argento]

She is approaching her daily 89..should provide some relief for the bulls, just pray she doesn't go under cause then the floodgates will open!

 

Don't bet on that double bottom...

 

A

[Sunesis]

Thanks,

 

I'm really loving this bear action. Its been a long time coming.

Safe to say the SA40 is killing the bulls at the moment. My long at 39500 is still waiting around to be stopped out.

International markets are working best for me at the moment.

 

At last bears enjoy. It's been coming.

[HendrikB]

Safe to say bulls have been flushed out. Time to revise your trading strategy.

[@sirgrantfleming]

Good luck with calling the turn.

 

But I think I want to agree, we might see this cat bounce just a bit from here, but I am not going long.

This hurts like a MOFO!!

[Beorn]

Might have our double bottom at 300? or am I being overly optimistic ?

 

Good luck with calling the turn.

 

But I think I want to agree, we might see this cat bounce just a bit from here, but I am not going long.

[Beorn]

I have a target of +- 39460 for today or tomorrow.

 

Absolutely blasted through that target.

I do not see a lot of support below.

[davidp13]

Might have our double bottom at 300? or am I being overly optimistic ?

im with you

[Mhlato]

...and the gap 14 / 15 Nov also closed now.

 

14 / 15 Oct..sorry!

[Mhlato]

39478 not 30478

 

...and the gap 14 / 15 Nov also closed now.

[bear catcher]

As i said buckle up were going down,cannot believe i saw it coming last night

[Sam]

39478 not 30478

[Sam]

ok i guess we are stuffed now...

Looks like with the drop below 30478 of 23rd Nov Alsi Fut that we're in for more short term pain ( read longs ... Lol)

[Beorn]

Hahaha, SA GDP figures = 0.7%, expected 1.2%

 

Things looking very good in SA!!!

[davidp13]

ok i guess we are stuffed now...

[Beorn]

good call Jakes.

 

Thanks,

 

I'm really loving this bear action. Its been a long time coming.

[fabes]

I have a target of +- 39460 for today or tomorrow.

good call Jakes.

[Beorn]

I have a target of +- 39460 for today or tomorrow.

[Argento]

Yep...I agree shorting was the way to go and we made some moola..Im just saying that I see a potential hammering out of a bottom on the dailies forming a base around the 600 mark. It might also be the start of trend reversal

Thing is what worries me is up or down moves always originate from patterns...now this whole move since June was due to the double bottom (April/June) we had...now that it has peaked/trend broken and the count filled where to now?

 

Everybody knew the bullparty got stretched and 2014 was going to be a tough year as per important cycles bottoming, one thing a lot of traders don't believe in but is real!

 

Dollar has formed an inverted H&S so if she gets going to the upside the rand will be under pressure and you know what that means for our market..

 

A

[davidp13]

These zig zag downtrends usually end in an impulsive down move, and with the level of counter moves you can be sure of a impulsive decline ahead of note...thing is US charts are very overbought and leading indicators saying they are close to a top, just don't see us rallying if they join the red express!

 

Might see some upside from now into tomorrow but only a countermove...

 

Just my 2c..

 

A

C

 

This thing is sucking in all the optimists and putting smiles on the pessimists. No proof to back it, but in the last 7 days I made more money shorting that longing and i dont see those green shoots like 2/3 weeks ago.