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Online Share Trading

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JSE looking for direction

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Ninja
Super Contributor
After Friday's drop in the Dow, futures now look flat and uncertain....me thinks with uncertainty in the futures we will drift slowly into the red...
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44 REPLIES 44
Not applicable
alsi fut down 245 points, will be a slow pull away i agree we shall end red today
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SimonPB
Valued Contributor
down 245? But alsi futures only opens at 8.30am ?
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Not applicable
simon on your next interview with cnbc, ask them how can they give us such figures, got the figures from cnbc
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SimonPB
Valued Contributor
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john_1
Super Contributor
Simon thats from the cash close we opened only 20 points down.
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Brazen
Super Contributor
Time to look for a long on AGL - heading for long term support again.
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SimonPB
Valued Contributor
ya, tis the reuters mtm close .
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Ninja
Super Contributor
Brazen i agree, have gone long on ARI looking for a bounce to R107
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Brazen
Super Contributor
See one of the things discussed at the summit is the limiting of bankers' bonuses. Snigger.
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SimonPB
Valued Contributor
ya, vary sad . so I am starting a new business, based on werners forever portfolio. I'll sell fat people clean water wrapped in expensive boxes ...
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Brazen
Super Contributor
And I'm gonna start a business selling fat people Liqourice Allsorts. We should talk.
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Not applicable
It might e too early for entering long. If it breaks that support line, AGL will be sinking. The bounce is not that convincing OMO
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Brazen
Super Contributor
Ja, if it breaks AGL is toast. But it is solid support and if it breaks I will bail v fast.
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SimonPB
Valued Contributor
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Brazen
Super Contributor
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Not applicable
A bounce of a share that is 7% in the red... That's trying to make a call for the turning point before the share actually turns. A bit of gambling, but I have to say VERY tempting...
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Brazen
Super Contributor
Not gambling. 186 level is very long term support, and it has bounced very solidly from there before. No guarantees but a calculated risk. Also, you will know very quickly if you are wrong.
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Tom168
Frequent Contributor
At this moment in time rather stay short!!! even if you get in and have a bounce on AGL it might open way down the support then u will be in trouble.
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Not applicable
If the Dow turns green, I'd say you might give it a chance, but else I'd still be a bit cautious.
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