We broke uptrend support last thursday which triggered a huge wall of selling.... we have been back up to test that break out..but have failed to hold above support...now we are looking to test the lows laid down by that selling last thursday. If we fail to see buying around the 23200/23400 level we are going to see some more very determined selling in my view..OMO
Ya - looking at the market news this morning - looks like a pretty dismal open and trading today. I was really hoping the pull-back would trigger some buying - but it looks like this is the short we were all expecting about 2/3 months back ..... sell in May contagion?
All looks a bit bearish johnboy. I'm with you, think we might see more serious selling. Of course, doesn't go down in a straight line. So, lots of volatility with a bearish bias until we hit bottom. Geez, I sound like a weatherman.
hi john.go and look at a 5 min chart of the dow.it is making a ascending triangle and we are now in the e wave up of wave 4 down.it will go up a another 100 point on the dow which can be another 200 to 300 point on the alsi.We will close a bit more than just the gap on the alsi.After this we should go down in wave 5.(time 11.57)The alternative is that we already comleted wave 4 in a abc and starting in wave 5 down now.
Bingo is on Tues, thurs, saturdays. That initial cumulative was won at around R540K; last week it reached R50K and was won. This week won't be much so not many milfs will bother. I could go wash the car though.