The RAND is stuttering at the moment as the US Dollar is showing the first glimmers of recovery.Benanke seems to want to proceed with Quantitive Easing which will scuttle the Dollar and lead their currency weaker again.This will probably be the last time this occurs in this recession. As our currency firms our top 40 shares are likely to climb again,although it must be noted that the RESOURCE shares are not following the rest up to any great extent.Now if the Rand starts to weaken and we receive more in Rand to the Dollar Platinum and Gold shares and other resources shares are likely to fly,but only after first sinking as overseas buyers don't see the weaker currency in the same light as we do.How ever as our dividends rise in Rand terms and our expenses drop,they are likely to revert to buying again.At the moment as physical gold and platium prices increase ever upwards our producers lag behind.
On the one year STOCHASTIC SHARE CHARTS the following is noted.
At the TOP but showing some sign of declining ,but might not be enough TO MAKE A PROFIT on the vanilla bear warrants range "between the ceiling and the roof "are
EXX,KIO,MTN,ACL,AMS,BIL,AGL,IMP as they show signs of further falls in the offing.
Having been oversold ,but still continue downwards for a while are NED,OML
The only share that show some signs of recovery in a day or two is SBK.
No real momentum either way can be expected till after our own and the American reserve bank meetings .
TOPSKG MIGHT BE WORTH BUYING IN AS THE PRICE DROPS ,BUT THERE IS NO REAL HURRY AND MIGHT BE BEST TO WAIT FOR A FURTHER DECLINE BEFORE ENTERING.
ThE ABOVE post was entered this morning
PM Now with China increasing its interest rate this afternoon there might be opportunities for shorts,but be extremely careful as this is against the trend regression line which is not broken and only very experienced traders should consider such a short sharp quick move.( IN AND OUT)
SEE MY NEW PAGE 1 WARRANT WISDOM
..As always only my opinion,do your own research,I take no responsibility for errors and omissions.
