The correction for Resources!?!?

[m9o]

its about time we had a pull back in commodities and mining companies don't your'll think so?

[#2]

Long Implats futures, there's upside with plat prices(power shortages) and its technically sitting on support at 347 thats holding, with upside to 368 and possibly breaking through. Short Exxaro futures, downside because, oil prices too drop slightly in short term, and run up really hard since breaking resistance at 135, overbought, must pullback before surging again. long/short in equal amnts, so as long as I am right in one trade, slightly more than I am wrong in the other, I should make money! both commodity stocks so should hedge each other with regard to fx changes, intrest rate changes etc. my two cents worth. look at Standard bank intra-day tech report on Ango. Panning out, could work.

[#3]

only if gearing is similar and if each respective investment kicks back the same percentage of investment when the share goes up or down....eg. if both shares are up 3% and u initially invested 100k in contracts per share, the gearing must be similar to show a similar profit....say 15k

[m9o]

for bernard Look at the chart of implats, it's formed a double top and has now broke down through it, the next support is R338

[#5]

Right on, and next support lines at 315 and 305. But beware of the 337 support line, it is ascending, forming an ascending triangle. Pries tend to break up from ascending triangles.