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Old Mutual?

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gareth01
Regular Contributor
SSF seems to want to break out of the resistance level of R13.25, but seems range bound (between R12-70 and R13.25). If US opens positive (with US Futures positive) could this be the catalyst for the breakout??
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4 REPLIES 4
kwagga
Super Contributor
Who knows in such a volitile environment.
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gareth01
Regular Contributor
agreed...still hoping the chart and trend is my friend, for downside. But got a tight stop loss, if break through..
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kwagga
Super Contributor
Agreed, also short on this one.
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gareth01
Regular Contributor
Lets hope Benackes testominy is still much of "caution in the market place". On the local front, I cannot see an interest rate cut tomorrow (although many people, including myself would appreciate it) to further boost the markets optimism tomorrow. Perhaps a bit of disappointment tomorrow then. But from my perspective nothing of "Consequence" is driving the market in one direction, but I still think bad news is around the corner!!!
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