NEVER HAVE THERE BEEN SUCH BULLISH SIGNALS OF THE WHOLE RANGE OF THE FOURTEEN TRADED SHARES PLUS THE TOPI, WE FOLLOW TOGETHER AND IT SEEMS AS IF IT MIGHT TAKE PLACE IN THE NEXT 48 HOURS.DO YOUR OWN HOME WORK AND REMEMBER TO KEEP YOUR STOP-LOSSES IN PLACE ,IN CASE THE MARKET DOES NOT BEHAVE AS WE THINK IT SHOULD.Best time to buy is when the market starts gaining momentum i.e. when each low is higher than the last for a couple of days. Whats holding the market back now is that the US dollar is strengthening against the Euro and resource prices are staying subdued. (Always only my opinion so do your own research before deciding)
Looking particulary strong are AGL,AMS,ASA,BIL,EXX,IMP,KIO,NED,SOL AND OUR TOPI. SOME ARE STILL AT THE BOTTOM OF THE STOCH AND POINTING DOWN,BUT SEEM READY TO REBOUND.
GAINING MOMENTUM IS MTN ON THE UPSIDE.
SAB AND SBK ARE RECOVERING BUT STILL SEEM WEAK.
THE ONLY SHARE LOSING MOMENTUM AND GOING DOWN IS AGL
Weaker than expected retail sales on 19 Aug 2010 in SA have put a spoke in the momentum of upward motion today,how ever can be its over done as all the Stoch is still showing upward bias at least for the rest of this month.
Tuesday, August 17, 2010
Monday, August 2, 2010
First Update Stochastics
On the 14 shares we follow first dealing with the resources ACL,AGL,BILEXX,KIO,SOL are at the Top and do not look as if they might fall just yet,in fact they might bump along in this zone for awhile.Do observe the moving averages for the first sign of retreat,It might not be the right time to go SHORT yet.
The banks ASA,FSR,SBK,NED,OML are all showing signs of downward movement but to call for SHORTS is also difficult.There is s likelyhood of both OML and NED falling further so they could be considered for a SHORT,
PLEASE DO YOUR OWN RESEARCH AS ALL CALLS BY ME ARE MY OPINION ONLY
MTN is also likely to stay at the top of the stoch for a while longer.
A good LONG might be AMS which has been a LAGGARD A lesser certain LONG is SAB but it does seem to be reversing up from the mid-way range
The shares are taken from shares in the top 40 index
The banks ASA,FSR,SBK,NED,OML are all showing signs of downward movement but to call for SHORTS is also difficult.There is s likelyhood of both OML and NED falling further so they could be considered for a SHORT,
PLEASE DO YOUR OWN RESEARCH AS ALL CALLS BY ME ARE MY OPINION ONLY
MTN is also likely to stay at the top of the stoch for a while longer.
A good LONG might be AMS which has been a LAGGARD A lesser certain LONG is SAB but it does seem to be reversing up from the mid-way range
The shares are taken from shares in the top 40 index
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