31 votes
Sage
Posted 20 November 2013 - 03:38 PM
This is a PUMP AND DUMP
1st we go up then down later.
Those with long positions close when you feel confortable with profit.
Those stuck with long positions, use this chance to close or breakeven.
US open should pump it up, them dump it later.
We will enter again lower when she has her final dip before we go up
Those with a weak heart must just sit out. Its going to get bumpy.
Quick thinking will be needed for what is about to happen within the next 48hours.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Newbie
Posted 20 November 2013 - 03:38 PM
Our Rand hedge stocks are in a bull market. Only five stocks.
5 stocks pull the whole index
The rest are in a bear market.
Agree we are really in an SA bear market. I believe investors will get screwed next year whilst traders will live to fight another day.
I am an investor of 30 years but only a trader for 5 years.
Example I bought woolies (WHL) through wooltru @ R5.70 but in hindsight haven't done that well in $ terms
Master
Posted 20 November 2013 - 03:35 PM
looks like the buyers are slowly walking in should get busy just now 
Master
Posted 20 November 2013 - 03:31 PM
Oh come on ALSI! Grow a backbone or turn into jelly. Choose one... 
"The Stock Market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore.
Member
Posted 20 November 2013 - 03:27 PM
Buy...
Was about to flip my position, but it doesn't look to convincing?
"Attitude produces better overall results than analysis or technique, of course the ideal situation is to have both, but you really don't need both, because if you have the right attitude the right mindset then everything else about trading will be relatively easy even simple and certainly a lot more fun." - Mark Douglas, Trading in the Zone.
Don't listen to me, I'm a market Rookie.
Sage
Posted 20 November 2013 - 03:21 PM
Sunesis
I have overseas accounts in Guernsey. That was not my point. Example a SA retailer has increased in Rand terms, BUT has reduced in dollar terms. SO although the index has increased in RAND terms it is in fact dropping in real terms.
Therefore if the JSE continues to increase AND the Rand decreases at a greater rate, is this still a bull market.
Our Rand hedge stocks are in a bull market. Only five stocks.
5 stocks pull the whole index
The rest are in a bear market.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Newbie
Posted 20 November 2013 - 03:17 PM
Everyday South Africans become poorer in dollar terms.
You should move your money out of SA.
Or at least have a dollar trading account.
All the companies are moving.
Shoprite
Aspen
Old Mutual
Nampak
Vodacom
etc.
Sunesis
I have overseas accounts in Guernsey. That was not my point. Example a SA retailer has increased in Rand terms, BUT has reduced in dollar terms. SO although the index has increased in RAND terms it is in fact dropping in real terms.
Therefore if the JSE continues to increase AND the Rand decreases at a greater rate, is this still a bull market.
Sage
Posted 20 November 2013 - 03:16 PM
My view is that the only currency left is gold.
I have added to my gold holding today, gold is on support also, if it breaks I will wait for a nice low entry and then add again.
I'm thinking of actually buying the physical gold and keeping it in a safe also.
I'm going to start adding gold from $1180 then $1000 last price for long.
Goldman Sachs still need to push the market down to a good buying platform.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
The Oracle
Posted 20 November 2013 - 03:11 PM
Everyday South Africans become poorer in dollar terms.
You should move your money out of SA.
Or at least have a dollar trading account.
All the companies are moving.
Shoprite
Aspen
Old Mutual
Nampak
Vodacom
etc.
My view is that the only currency left is gold.
I have added to my gold holding today, gold is on support also, if it breaks I will wait for a nice low entry and then add again.
I'm thinking of actually buying the physical gold and keeping it in a safe also.
Alsi future
I only post my views, not advice
Sage
Posted 20 November 2013 - 02:58 PM
ALSI today: It is like watching a 4x4 with onroad(tar)-tyres trying to navigate a muddy track. sloesh-sloesh stuck-stuck, putter-putter.
From your perspective, Lekkerry is faceless and to a degree nameless, so any opinions expressed are just that, opinions from someone on the Internet 
Sage
Posted 20 November 2013 - 02:51 PM
Sunesis
Consider what has happened to the Rand this year against $
Wonder what the value of JSE T40 was in Jan 2013 in $ terms. What the value of the T40 is today in $ terms.
Gut (without looking) tells me the value in $ is way way down
Everyday South Africans become poorer in dollar terms.
You should move your money out of SA.
Or at least have a dollar trading account.
All the companies are moving.
Shoprite
Aspen
Old Mutual
Nampak
Vodacom
etc.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Newbie
Posted 20 November 2013 - 02:42 PM
2014 should be a good sell the rally year.
I need to put on my bear suit for it.
Sunesis
Consider what has happened to the Rand this year against $
Wonder what the value of JSE T40 was in Jan 2013 in $ terms. What the value of the T40 is today in $ terms.
Gut (without looking) tells me the value in $ is way way down
Sage
Posted 20 November 2013 - 02:26 PM
Some FTSE Elliot Wave
One of my favourite Elliot wave traders:
FTSE100 is moving lower, but because of overlapping price action within a downtrend channel we assume that pullback is corrective. We are tracking a double zigzag that is still incomplete, so it may be interesting for long opportunity after a completion of the pattern. Ideally price will turn bullish from 6550/6580.
FTSE 100 Dec 2013 4h
If his theory is right then Top40 will visit 39800, before a bounce to highs
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Master
Posted 20 November 2013 - 02:18 PM
This seems to be strong support, tested it 5 times so far.
If it breaks things could get ugly.
Draw the tread line on the tops and see the rising wedge, next move to meet around 42000 and if this does not confirm then we should have the divergence in place for the bigger correction
Sage
Posted 20 November 2013 - 02:14 PM
This seems to be strong support, tested it 5 times so far.
If it breaks things could get ugly.
FTSE also sitting on its key support 6670. The last time FTSE broke this support it went to 6615. The rose the very same day.
Which means Top40 can go to 39800, then rise same day.
S&P around 1775
Thats will be a better launch pad for the bulls.
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
Little Master
Posted 20 November 2013 - 02:12 PM
Master
Posted 20 November 2013 - 02:04 PM
This seems to be strong support, tested it 5 times so far.
If it breaks things could get ugly.
market must make a double top at least with divergence on indicators before fall out, this hasn't happened yet i think
Master
Posted 20 November 2013 - 02:02 PM
This seems to be strong support, tested it 5 times so far.
If it breaks things could get ugly.
Yip but trend is still up for now and that is a strong trend line
Sage
Posted 20 November 2013 - 02:00 PM
2014 should be a good sell the rally year.
I need to put on my bear suit for it.
Market history will play a key role:
https://pbs.twimg.co...EFu_G.jpg:large
No profession requires more hard work, intelligence, patience, and mental discipline than..speculation.
