TOPI could bounce upward from here?

[DEP]

We should see a bounce from these levels, provided we hold that support level of 23 890 (TopI).

[saash]

What's your target. I just wanted a gap close and now I've only got a small exposure left.

[DEP]

I am looking for a push back to 25 000 level.

[HateGauteng]

One gap close comming up! Would there be more long from there or is it a good point to re-enter a short?

[saash]

Take the lead from the international markets. There is a potential huge retracement. First target was todays gap, next target 24400 ALSI (Yesterday's open) next target yesterday's gap --- then about 24650. Full 61.8% retrace about 25100, but that's pushing it and I'll start looking to re-enter shorts at about 24900 or at any sign of weakness in the rally.

[StanleyB]

Any thoughts on why we are up but europe is still down +-8%

[DEP]

Europe rebounded yesterday after our market close. Topi drop 1.6% yesterday.

[saash]

Looks like another gap close very probable with FTSE moving positive soon.

[Ninja]

If we can't close above 24650 then watch the bulls go into rapid hibernation.

[DEP]

Are we going to see a bounce above 24500 today?

[saash]

Is there any news comming out today - looks to me like a probable retracement of the up leg with corresponding gap close, then maybe another rally? or maybe just consolidate at this level until we hear something else. The up leg didn't have enough momentum to suspect a rally.

[DEP]

Eish, just barely holding on to support above 23 890. Are we going down?

[HateGauteng]

Europes green and there's a big gap to close. After that I don't know.

[GarethJ]

Masses of quality stocks currently oversold - would expect an upwards pop soon. However short lived...

[saash]

Close yesterday below support, and gap already closed .... so I'm not expecting anything special on the upside. There really isn't enough vooma to push this up. FTSE also closed below support and on a lower low without showing any promise on a turnaround with today's trade. Dow same .... Also I think a red 4:30 is Simon Says Short too??

[#16]

If you on about lazy system enry was 21 or 22 jan. But 30 and 60 EMA not crossing so trend is still positive...Simon this is what i can figure, are we right?

[HateGauteng]

Thats my understanding as well.