ALSI

[Preston]

I really ,really do not like this market. If you look at the technical analysis of some of the financial and Industrial Stocks, it seems that the market is setting us up for a massive fall. Please note this is my opinion and not trading or investment advice.

[Penny_Pincher]

The rising wedge on the TOPI (daily, weekly and monthly) for eg.?. Do you see negative divergence on RSI, MACD and Stochastic?.

[Rams]

Yes, there will be a correction, like the ANC winning the elections, but by how much.....it makes more sense if you take a position ...., sell short, sell longs, trail the stops....I trail the stops, so I like this market.

[#4]

@Rams what time frame do you trade alsi and what is your stop trailing by? i find my stops to always kick me out sooner than needed to

[SimonPB]

yawn again .. here it is again "Far more money has been lost by investors preparing for corrections or trying to anticipate corrections than has been lost in corrections themselves." Peter Lynch

[Quakedog]

Well if the share pirce charts look as though they are going almost straigt up, this means people have no fear and are buying regadless of price. One little trigger and its gonna be a massive blow to the downside........ sell at any price.

[Rams]

Trade weekly, daily, and 15 min ALSI.......by " trailing", i mean exiting at a stop moved into direction of trade....valu depends on time frame .

[Werner_1]

i just start to build cash up so that when the correction comes i add to my long term positions at discounted values.

[#9]

yikes. interesting.

[geordie1]

Preston-not sure y u so negative unless u have borrowed to invest??I love this market.i do not view market value as cash in bank-it is merely a value of the latest price paid for a particular share-an indicator at best of value but only at a point in time-it may go higher or lower.this is the time for me to take a bit of profit hereand there-get out of some shares I have lost confidence in at a decent price and increase my cash componenet.what is not to like.sure a correction will come some time who knows when and then it will be time to reinvest some of my cash-i c the market today as a good place to be-maybe my glass is half full_

[koos2]

Well that short sucked.