Looks like another favourite is cooling a little today. MTX siilar chart but WEZ still going strong and charts say still a way to go....barry your babies so whats the shorter term here? Minor follow the bourse down or more of a sell down? Will EXX see 100 again and will MTX see 350/380?
I wrote about on my Sashare blogspot this morning.Both Naomi and i felt that there was a blowout coming,Naomi being the shorter term trader is waiting for a couple of signs to get into the upturn.I on the other hand feel that a fallback is just the right opportunity to get into the longer trades.That said ,neither of us would consider buying this week and would watch for the reaction of America by next Tuesday at the earliest.Their shares might climb on Friday but there is so much uncertainty there that one should proceed with caution for awhile.
Thanks, I was looking at the US as well and as I will out of town till from tomorrow afternoon Monday, funeral for my dad, I am staying out as well. Just wondered if my sight was still active to spot these little blowouts as you say.
Thanks, I was looking at the US as well and as I will out of town from tomorrow afternoon till Monday, funeral for my dad, I am staying out as well. Just wondered if my sight was still active to spot these little blowouts as you say.
Our deepest sympathy,i know how such an event can effect your trading ability,we have all been through it.Best to give trading a rest and to concentrate on family matters ,after all,one of the most important events of your life.
Tnx Guys, Might miss some great opportunities this week but there will always be more in future so rather than force a trade on unclear mind I took the sane choice of putting sell orders for profit (at my determined levels) and stops (to prevent surprises) in place while I am away and leaving the rest to earn interest.
BHP Billiton, Mvelaphanda Resources, Kumba Iron Ore, Exxaro Resources and Metorex had their price estimates raised by Deutsche Bank on the outlook for metal prices. Deutsche Bank analyst Tim Clark wrote yesterday: "Our global macro team has reviewed the outlook for commodity supply and demand fundamentals and has revised, generally higher, the near- and medium-term price forecasts for the base and precious metals." - Bloomberg