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Online Share Trading

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Time to short the market?

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DEP
Super Contributor
Time to short the market? Rally running out of steam.
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53 REPLIES 53
Not applicable
I've think we have reached the top for now. But not sure enough to put money on it.
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kwagga
Super Contributor
Ja, went short on ACL a few minutes ago. Seems to have hits some resistance at the R114 levels, trading well above bollinger and stochastics oscillator in overdrive. Let's see how this play's out. This might have been a premature sell.
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DEP
Super Contributor
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doomsdayza
Super Contributor
think it might test 11650 before coming back down again.
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sponono
Super Contributor
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asylum
Super Contributor
KIO i agree chart looks good for a short ,way out of the bollingers.
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Ninja
Super Contributor
Agree.....I would however wait for a reversal day to trigger the trade and offer a clear stop loss price. KIO is way strong....need to be careful shorting this bad boy.
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Not applicable
KIO looks good but just look at how long it can stay out of the bands. I'd rather go for something like topi. But good luck If you do go short on it.
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sponono
Super Contributor
Look at the action of casino traders. They are buying 2 shares at a time trying to push the stock higher+the stock has been hitting highs but the RSI is making lower highs+compare this chart to AGL on 11 Jan 2010, the similarities are striking.
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NJ_1
Frequent Contributor
All I see is strength.
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MoMo01
Frequent Contributor
howz exxaro looking for a short,
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Not applicable
I will look at shorting Exx when close to 118.
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Not applicable
the market has double topped, great shorting opportunity, KIO stopped on resistance, R350-98 was resistance from 6 May 2008, acl also showing a double top,so is AGL, i would say a re-test of 25700 would be on the cards as many charts are showing the same picture, ASA also a great short,SOL has reached resistance. never seen all charts corresponding in this way ever before. SHORT THE MARKET!!!
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org
Super Contributor
see www.gold-eagle.com, click on tech analysis box.Good free articles
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HateGauteng
Super Contributor
Someone once said: "Never short a dull market!"
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WR
Regular Contributor
go with the flow... i have learnt the hard way trying to short the market when the general trend is up. Lost a whole packet of money
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Not applicable
for what it is worth, I went short on gold stocks last week, but have to say that it is my long position in BHP which is making me my real money at the moment
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NJ_1
Frequent Contributor
How are the shorts doing?
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DEP
Super Contributor
Shorts are doing fine, waiting. Bigger picture (world recovery) is still bearish - Phasing in my shorts.
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