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.
