looking at the early morning price action I dont see the Ftse holding support.....all I see is the shorts on the Top 40 holding us up...as soon as we break that level we should see this mornings gains erased and some... if the FTSe holds we will be ok but it doesnt look good
20 days going south will be quite nice. That has been the primary trend on the DOW since OCT and it should continue. Bad GDP number at 15:30 should secure, especially if it's accompanied with the word R
Wizard you sounding like the zarp of old... any bad news you latch on to and punt the downfall of the JSE. It's obvious you've got shorts, but to punt them on the forum 24/7 aint gonna make it happen. Yesterday you called the DOW to collapse after ol' Ben had his say... it didn't. It might collapse some time but constantly egging it on won't make a difference either way.
I think wizard has a point the yanks are trying so hard to avoid a bear market that they dont seem to take note of the bad figures that are presented to them on a daily basis, and they cling to any bit of good news like gold, but in the end the bad news will catch up with them.omo
Look. The fact is that the DOW can end up 300 points tonight to 13000, but that won't change my view on the state of the economy, the battle the Americans are pulling to save it and it's to no avail. The primary trend is down and weathering these storms at the moment is the key to any successful trader.