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Online Share Trading

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Too many people expect a correction

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THRESHOLD
Super Contributor
And the call for a correction, shake-up, crash... is yet another day further behind us... optimist /pessimist ... realist!
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G_V_V
Super Contributor
Too many bears with too much cash keeping the market up.
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SimonPB
Valued Contributor
it is indeed one day closer .. but that equals meaningless statement of the day coz nobody knows which day .. I had a friend who called the crash of 2008 every day for 4 years, in the end he was right .. unfortunately he was also bankrupt ..
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Preston
Super Contributor
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sponono
Super Contributor
two shooting stars in a space of 5 days is nothing to ignore Simon.
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Preston
Super Contributor
@simon Brown....there's a rumble in the middle of the jungle in the village of the cheeky rascals we pick the fruit from the magical tree and we take it to the factory squish, squash, bubbley boo, the rascals make the fruitiest chew. the flavour nev
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Oom_Boom
Frequent Contributor
I for one am slightly nervous,BUT, I recall a time, it was around 2006 if I recall, that on this very forum and around every braai it was declared this market CANNOT go any higher. But it just kept on climbing. The point is, we do not know for sure, and as long as the trend is in a direction, I will trade that direction. I am just as nervous now as I was a year ago when the greek crises and the collapse of the EU was the only news. I was nervous when the only news was the US stimilus being stopped. If you can call a top and a bottom accurately...you will have your own show and we will call you Dr.!
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Rams
Super Contributor
The long and short of this discussion: it's all about fear, fear of losing if you in and fear of losing out If you not. You can overcome both fears by being in and placing a stop....it's a trending market, so easier to be in. And yes there will be a correction, if there was no correction, how will we make money.
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SimonPB
Valued Contributor
ah yes poetry, always a winner for waking the bear ..
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SimonPB
Valued Contributor
what is the reliability of shooting stars and what target does it give ??
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Not applicable
well, for what it is worth - I have a long standing strategy for exits. I define 3 levels of relative strength to the index (15, 120 and 365 days). The last two are for entries - the first is for exits. Round about now - I exit all positions where the 15 day RS is falling off - i.e. stocks that aren't driving the current rally. My portfolio size has roughly halved in the last couple of days.
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Not applicable
well, for what it is worth - I have a long standing strategy for exits. I define 3 levels of relative strength to the index (15, 120 and 365 days). The last two are for entries - the first is for exits. Round about now - I exit all positions where the 15 day RS is falling off - i.e. stocks that aren't driving the current rally. My portfolio size has roughly halved in the last couple of days.
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Preston
Super Contributor
@simon,lol, the reliability of the two shooting star is simple....let me use an example.... You thought you were are shooting star by selling Advance health at R1.41 but little did you know, that the second shooting star burn't you properly by sending th
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SimonPB
Valued Contributor
yawn .. ya 31% in a day was out an out disaster ..
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Preston
Super Contributor
@simon, yawn, yawn, why be a bull and settle for 31%, when you can be a bear and settle for 200% profit.
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Russ
Super Contributor
Preston,my 2c worth. Not enough downside potential to be shorting fsr,it might just pull back a little to support. Conversely,vod is still in a little downtrend so might be some more downside before it breaks upwards(rsi and sto still heading downwards).Just my opinion.
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