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Trend is your friend. Seems trend is down

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Not applicable
A definition of a downtrend is that successive peaks are lower than previous peaks. Appears to me we are therefore in a downtrend. Daily Technical Analysis says: Bottom line: The TOP40 Index is testing key support. If buyers fail to return, it could plummet to 2009 lows Personally I have taken a small amount of puts hoping for dramatic profits
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16 REPLIES 16
Super Contributor
Personally I would have waited for a bounce off the currently oversold levels. But good luck to you. Notice I say Luck :)
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Not applicable
the trend is your friend, except in the end, when it bends
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Super Contributor
key support on DOW and FTSE seems to have held as I sugested it might with a bit of a rally on friday.. so all bets are off until lit moves up or down from here.
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Regular Contributor
do you bend for a trendy friend?
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Not applicable
Eddie,. don't lets these boys bully you,.. The Trend IS your friend, They just don't like it when it is a down trend, hence all the excuses etc,..
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Not applicable
Thanks. I decided a while ago the trend was down and am keeping my puts for a while. If I am correct, as the market goes down the weekly time decay on puts also decreases, but Simon may enlighten me on this
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Valued Contributor
depends on if the warrant is in the money, or at least very close .. if in the money, yes it wiill decrease as the trade goes your way ..
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Super Contributor
wow mr market has really dropped!! and so quickly where is the value? good thing the recession did, is identify which shares are "recession proof" and that still payed a dividend during the financial crises in my opinion are companies you should be targeting right now....
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Frequent Contributor
what are some of the most significant support levels to look out for to confirm we are going down from here.
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Not applicable
Standard Bank Daily Technical analysis says:. If the Index capitulates at 22,890, next support would be at 21,745. Bottom line: We expect the Index to hold above the 22,890 key support level. However, our medium-term view would become bearish if this level is breached.
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Not applicable
Fact of the matter is that so much money has been thrown at this old goat, they even printed more money out of air to pay for the loans on the last batch they printed and they stilll miraculously, i mena god forbid why!?!? haven't they come through such a minor irritant glip,.. I think N Korea boys,.. lets fire up them big guns again,.. Look at the graphs sept 2001 last big bounce,. 2003 march,. then started the great mukka wukka bounce,... see,. we just need a fresh fear,.. hmmm,.. plotting on world chaos, what can i contrive,.. me grmlins will set to task,. hmm,. get us a NKorean lookin Torpedo pinky,.. Cook some panic buying up,..
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Super Contributor
The pinky and the brain; the pinky and the braaiin . . . One does the sphanking and the others in pain . . the pinnky and the . . .
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Super Contributor
The EU, the UK and the USA will throw or print more money to solve the debt problems....it means higher liquidity, where is all the money going to find a return ?....in equities ! The market to go up towards December.
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Super Contributor
Looks like there is a battle going on between those who think the market is seriously oversold (which it is)and expect a rally,and those who are still poep scared.I'm both.
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Regular Contributor
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Not applicable
You guys take this all far too seriously,. these banker/broker chaps would sell your gran for a buck to kid the next fool he is a serious punter for a pound of flesh for one last weekend braaivleis,.. quick BUY! BUY! BYE!
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