ASA and FSR

[Wizard]

Why are the banks not performing today?

[asylum]

yeah the TA gurus at finweek reckon ASA going to R 122 short term so lets wait and see.

[Wizard]

Well I hope so! 122 is the 61.8 from the high of 6 NOV.

[Picky]

hey aslyum, dow on steroids at opening, should make for a good evenings trading?

[saash]

Banks will start coming up IMO. Globally economists seem to think the bottom has been reached for sub-prime worries.

[alleycat]

I see a fairly prominent head & shoulders formation on ABSA so imho it looks like this share will be visiting quite a bit lower at R90.

[PariMan]

Not too sure about that Alley, I see a strong run for our Financials