Skala...I am epecting the Index (alsi) to turn anytime between now and the 27500 mark and NPN will follow. The uptrend has been broken quite comprehensively and this retracement needs more time before we see the bull continue. The relief rally we are seeing at present is on low volume and the Naspers bounce has been on even less volume. Stochastic now moving into OB territory.....technically I am expecting some downside in the days to come, but I am sure this is simply a breather in the bull before we continue up. I may be wrong of course, I am incredibly good at that, but technically this rally seems a little undercooked and the initial retracement not large enough. The bull needs to rest if it is to continue running in the weeks ahead..OMO. Looking at the Dow I would Sell short on a reversal day down from 10 370 to a target of 9560 and then 9420 -fib support)I always trade on reversal days as they offer a clear stop loss as a close above the reversal day's high......my thinking may be wrong......but IMO this correction has more downside to come before the bull goes onwards. Hope it makes sense!
