Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

ALSI

Reply
Not applicable
I dont know what you guys think but something is very wrong in this market.
The more I watch it in the past week the more Im convinced that somebodys playing games with truck loads of money.
NPN - 6th biggest share on the market up 20% in 2 days
CFR - Up 8% in 1 day (thats an increase of about R 40bn)
Yesterday the market pushed new highs in the morning, 2 shares were up, 10 flat and 28 down (i.e. most of the market was getting sold off).

When you watch the ALSI price as well, you can see someone was simply buying everything and anything...Ive never seen anything like this before and Ive gone through 12 years of past data.
You have 50 point pull backs, a bull market on 10 shares, 500 point up moves everyday..Unbelievable.
0 Kudos
55 REPLIES 55
Super Contributor
I am also amazed with this market, was expecting a much bigger pullback.
0 Kudos
Super Contributor
Just empathize guys....anyway ,waiting for 37230....
0 Kudos
Super Contributor
What level is trend change ?
0 Kudos
Super Contributor
36982, confirmed below 36852....my stop now moved up to 36980...will consider the sort below 36852...
0 Kudos
Regular Contributor
There is a change in psychology that's taken hold - http://tinyurl.com/bxsskau
0 Kudos
Super Contributor
Sort ......Short
0 Kudos
Not applicable
the only thing fishy or wrong with this market is that I don't own either NPN or CFR
0 Kudos
Super Contributor
Not too late to get into CFR. That special divi will become a nice tax write off if you play this right.
0 Kudos
Super Contributor
Trend change
0 Kudos
etrader
Contributor
now that the trend is down what will the next level be to watch ?
0 Kudos
Highlighted
Super Contributor
no trend change.... still looking for daily to get and close above 37200 today...
0 Kudos
Super Contributor
Trading below 36852, will be confirmation, so lets see
0 Kudos
Super Contributor
We still above 36852....so no short and was not a very long long....time for some coffee and toast?
0 Kudos
Super Contributor
agreed, very tight range today
0 Kudos
Super Contributor
flat after gap close
0 Kudos
Valued Contributor
just trade it .. think less and trade the price ..
0 Kudos
Super Contributor
totally agreed...
0 Kudos
Super Contributor
my first target on the short is 36760...15 minute trend change around 36960...confirmation above 37037
0 Kudos
Super Contributor
thank you, Mr Maker...
0 Kudos