bank should improve soon.

[_nova]

asylum, I made the same mistake (mkadir pointed it out to me). I looked at 30 min and daily charts and worked off +300 candles. Far too many as it smoothes the swings too much. I can kick my own ***** for missing this upswing!

[MichaelR]

I wont be suprised if the banks go down again. but then again as I said I only buy them in chunks of money made from other shares when they are at the bottom. I have a long term view on Standard bank.About 3 years.

[louisg]

John I have no need to try to time the markets. When a quality share with good economic prospects is available at better or at a fair price then I buy. Anyone can call a bottom or top after the fact. The problem is that the banks had bolted 20% by the time the techies figured it out. Then they bought the trend then got stop-lossed when the banks declined... then bought when the banks went up again and then got stop-lossed again... etc. Sound familiar? Not for me thanx.

[BRE]

LG, no techie worth their salt would have bought into banks on the downtrend. Techies work around areas of support and resistance, buying into the upside and selling into the downside.