Top40 Q and A

[Brazen]

Great call again, Chartist. What gave me hope yesterday was the complete despondancy everyone, myself included, was feeling. It just seemed as if the red was gonna go on forever - that's usually when it turns.

[Russ]

Doubt this is the end.Market will remain volatile.Bounces probably still shortable.Pity about the plunge at the death yesterday.

[#3]

we have a huge gap to fill....the FOMC meeting will give direction but the probabilities that we saw the lows yesterday are high....

[#4]

i told ya so on the 22 july, i correctly predicted this crash :p

[#5]

https://www.scmb.co.za/servlets/za.co.scmb.www.fetcher.EquitiesSecureFetcher/code/chatForum/otherFor...

[#6]

Market fall? by hl on 23 Jul 12:46 will this market ever realise how the rand has strengthened and how quickly, it has multiplied over the last 3 years?

[SimonPB]

hl, what crash?

[cfm]

Must agree with Simon on this one. 11% is hardly a crash. May 2006 was 20% and still called a correction.

[kwagga]

hl - The rand has in a nutshell zero to do with the current correction. SA and the ZAR is just a spec in a global financial environment. The SA market is following world financial market trends and nothing else.

[PaulC]

Chartist, you say that yesterdays lows were high. Do you mean that we will be seeing MUCH lower lows in the future or that they are high(er) lows indicating coming strength? Im battling to understand your post. - Paul C

[#11]

I meant that there is a good probability that yesterdays are the lows are the lows we will see....

[PaulC]

Ah Thanx, I wish I shared your optimism. I know you are most likely making that statement from charts but all this housing debarkle in the US seems unlikely to be 'contained' in such a short space of time. - Paul C

[SimonPB]

Paul, it doesn;t need to be 'contained'. Merely the market needs to percieve that it will be.

[#14]

the ~10% fall