Feb Update no 2

Besides the Stochastic indicator which gives the hint when conditions are favourable to move in a certain direction,but not necessarily when,do look at the other indicators as well.
The ON BALANCE VOLUME(OBV) tells us if there are more buyers than sellers and vice
 versa.
The MOVING AVERAGE CONVERGANCE/DIVERANGE(MACD) is very good as to whether the movement up or down and how long each position is likely to occur.The fatter the difference line the better.
AGL,BIL,SOL are at the bottom of the Stoch and climbing
AMS,ACL and IMP are at the bottom  but there no confirming other signals yet
Near the TOP are KIO,EXXand SAB. Do use the other signals to determine how long they might remain there.
Finally the S andP  is around 20% which usually favours the longs as it shows there is little pannick in the market at the moment.
As always only my opinion do your own research.


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First Post Febuary

The market has become  some what directionless.there has been a pullback after a strong run.Make no mistake ,it is still in a bull phase and is like to advance some more.

On the Stoch the iron and related products are continuing to do well,namely ACL,KIO,EXX  ,BUT  ARE APPROACHING AN OVER BOUGHT SITUATION if the prices go up rapidly.
In limbo and able to go either way are BIL,AGL,IMP,SAB.
Over sold and showing signs of recovery are AMS,SOL.

The TOPI has come off a little,but looks lkely to reverse up again.Do watch the ROC(momentum) on the chart which shows it steady and unlikely to fall further for the time being
Always keep those Stop-losses in place as changes can come quickly.As always only my opinion/