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beware long's!! There will be another leg down towards the end of this week

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Frequent Contributor
this leg down will take the alsi just below the 16000 support. any one agree with me?
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12 REPLIES 12
Super Contributor
go down a bit but not that much...the Bull will be raging the next month or two
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Regular Contributor
Tom..whats the basis of your prediction?
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Frequent Contributor
Elliot wave analysis... well look where the markets will be at the end of March. if its not near the LEVEL 15000 for the ALSI TOP 40 THEN SHOT ME
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Not applicable
That is bold Tom, you know in this chat you only allowed one mistake, just one and we will hold you to it for the rest of your trading life. Just one. I hope you are right.
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Frequent Contributor
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Super Contributor
Gap down to around 17000, that's also a healthy fib retracement for the recent rally, and then resume the new up-trend - IMO. But, if support doesn't hold for the retracement, then yes I'd go with the under 16000 level by the end of the month, because of the falling support trendline.
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Super Contributor
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Frequent Contributor
Naaaaah... the bear is over... it's bull market all over again. This was just a ever-so-slightly correction of a huge bull rally.... It's not true, I know..., but it sure sounds nice. Now if only Warren Buffet would say it! :-)
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Frequent Contributor
my predictions has just started! there will be a sudden drop next week. This is the last down leg before we get a relief rally. target to the downside of at least 16000 on the ALSI by the end of this month!!! another down day on the jse!!!beware longs
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Not applicable
Hoe nou ?? Voorspellings ? nie man. You must Know better than that Tom
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Super Contributor
Excellent to hear. Think I'll add a mortgage on the house and buy shorts. Do you have any idea who will win the rugby?
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