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Online Share Trading

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Now we can go long...bear market averted

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Not applicable
0 Kudos
scandal
Super Contributor
Yesterday 25200 was tested and held. Today we might see some relief from the selling but I still think that we might test the lower side on opening. Last trading day was bearish candle which closed close to the low side which means sellers were in control. The price of gold is going up which bodes well for the rand, meaning that those with foreign currency investments are getting more for their shares, also we are trading close to major support at 25000 and should we breach that it will get ugly. OMO
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juliette
Occasional Contributor
umm, can we now swop long for short and averted to confirmed?
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topgun
Super Contributor
I just love the smell of napalm in the morning....er, evening...
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scandal
Super Contributor
hahaha was short from last night. closed out though today (no positions over weekends). Monday will be interesting since we are close to 25000 and dow seems not to be holding 12800. So in my humble opinion we might see down to 12400 on dow next week and it will not surprise me with all the current downgrades etc.... FTSE also in some treacherous territory at the moment. OMO
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Not applicable
this still holds for the dow which is what I was reffering to
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scandal
Super Contributor
Chartist All i am saying is that if the DOW closes today gap down it will hold us in good stead come Mondays open... just my comfort zone.
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