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Market turn arround

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Kaapenaar
New Contributor
I think the market is some 500 points to high with the other markets. Do you think there will be another correction?
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12 REPLIES 12
SimonPB
Valued Contributor
why do you think this ???
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There's always corrections.
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SimonPB
Valued Contributor
sure, why now why 500 pts ??
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Exactly on the verge as the DOW broke through 10500 last night.. and much more to come before it goes down imo
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Hi Guys. I was saying in general no market can go up in a straight line as we all know. At some stage a correction will come, i didn't say now or when. Looks like the market is very much holding up well. Snap1 - how about the thought of shorting some MTN? Do you think it will reach 128 - 132?
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Hey man, I went long yesterday morning again... I saw it break 119 on Friday and then it had a great jump on Fridays close. Yesterday it didn't have a great day but then the whole market had a ***** day so hard to tell. I sold out Harmony on Friday because it wasn't turning upwards and it looked like a good call since the rand has strengthened how is AMS doing? I see excellent results yesterday! The construction sector is looking so tempting imo. Back to MTN -> I think it broke above big resistance last week and yes it is definately following the main market and 123-126 is in sight imo. I see DOW break above 105 last night and should break through 106 day meaning we in a full bullish trend and make new highs. What do you see? I wouldn't short yet because it has had a great month MTN up around 18%.... I'm holding for a day or 2 and will see what comes out of it
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kwagga
Super Contributor
28800 is the pivotal point on the Alsi. Until then this strength could continue.
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Good idea. Ya i closed my AMS position. I really like to see MTN pulling back a bit before entering long again. My gut feel tells me it's going for the 120's. Great month it had and yes i think it's going further up.
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Stephan , , , MTN just hit 120 and the chart looks set for higher highs now. Are you going to get back in?
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Thanx - i think i must jump back in.
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watch the 117ish support..should hold though
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