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Some technical damage on the charts

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11 REPLIES 11
Rams
Super Contributor
But no panic on charts this morn after Paris shooting...
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kwagga
Super Contributor
No Rams. Looks like we will retrace to 47000 on the ALSI Dec contract.
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Rams
Super Contributor
i see the pattern and if 47000 does not hold, then possibly down to 44000, but the retrace occurs when traders cover shorts, why cover shorts after a major shooting on civilian soil.
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Rams
Super Contributor
one point short of 47000, the damage will be averted if the ALSI can trade above this level and trade past 50000....positiong my portfolio so that when FED does raise rates, there may be a dip, but the market will contine the trend up...
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kwagga
Super Contributor
You just need to give earnings reports of SA companies one glance to know that this rally is slowly fizzing out.
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Preston
Super Contributor
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SimonPB
Valued Contributor
where's dep ?? he's our true bear
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Preston
Super Contributor
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Rams
Super Contributor
I remember dep, ALSI was around 28 000 or so when he was here.
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sponono
Super Contributor
and he recommended buying commodities and selling retailers. Him and his evil twin Alsitrader
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Rams
Super Contributor
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