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Valued Contributor
above 34,000 at new all time high .. Topi still struggling, all time is 31,393 but tis only 30,505 ..
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and therein lies the problem...money going into defensives and not into the resources (or do they still need to catch up?). I see this as positioning for the risk off trade that is to come.
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Valued Contributor
resources the lagger, but today they up 2.4% while defensives only +0.4% ..
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ja seems like suckers rally to me. Not being a perma bear here as I have been extremely bullish right up to 30200 since last year but no longer.
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Valued Contributor
if resources start to rally we'll see 36k or 37k in a blink .. and all that needs is some decent growth data (real or perceived and forgetting about Europe, we won't see growth there for a decade or two), China GDP number was good, decent durable goods today in US ..
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yeah so its all already in the price.
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Valued Contributor
maybe, tis just my thinking which never gets in the way of my trading ..
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or so you like to think.....thats just a joke.
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Anyone else think the handle of a cup is forming on the 15 min?
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Super Contributor
Adjust this for the drop in the rand since the last high - and WOW! 20% higher than the previous best. And - (in line with your comment) - the realLy rand sensitive stocks have yet to join the party - resources (to wit!) Now add to that the fact that SA's manufacturing Industry is floundering and it is all the more impressive!
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you should be on TV like all the other talking heads and economists. I prefer my trading without the economic BS.
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Super Contributor
Simon, all we need is the platinum sector ot make 5-10% move and that Topi gonna reach its new high in no time.. TA does show that the plats have bottomed out an is breaking out to the upside.
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looks like i will just have to stay short then.....
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Super Contributor
Evidently you also prefer "your trading" without a profit. I would, however like to return the sentiment - you too should be on TV - on the Comedy Channel - in prime time!
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Super Contributor
mind the after 5pm pump..
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donty u worry bout me...worry about getting out of your long
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Valued Contributor
plat stocks are a mess ..
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Super Contributor
well you have no choice , you have to stay short because you lost so much money today, you cant sell or buy anything now.
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Is every single thread on the forum going to get hijacked with this irrelevant dribble between Rams and Alsitrader? And is every single thread going to get hijacked by Alsitrader's myopic view of world markets? ooh boy
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Valued Contributor
it's like the good old days :)
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