I dont know CE I went looking for a surf this morning but it looks like the tides might be wrong, Truth is CE its a great fantasty to buy 2-3 hundred thousand and retire this afternoon, but the more likey thing that will happen is a wipe out or a little gamble of R 1000 bucks that gives you a thrill but not much else.
While I have to agree that I also have a feeling that we might see some more red, I know from experience that I have lost way too much on these feelings... So, now I go by the charts, fundamentals, etc and at the moment nothing tells me we are going down. On 30 minute and 1 hour charts, MACD, Stochastic, RSI etc indicates a BUY. Commodity futures also looking good. Do, I'll wait till we hit resistance and re-assess. Wall Street futures are negative, though, so we might see some downward movement this afternoon...
aha runbird, somebody talking sense at last. Gut feeling are best left for the smallest room in the house.
An a comment on US futures, they're generally not useful for what the market will do. It's a couple of taders who can't sleep playing around, certainly no large institutions are up and trading the futures at this time and they are the ones that will move the market.