I just find these bulls that keep on beleiving we are on a up trend and will stay going up unbeleivable. I mean TA is all fair and great but you can not discard fundementals, Eskom incresed their prices by 31 %, the avarage wage increases went up 10,5 % ect, ect, ect. You cannot just look at a graph on a computer screen and beleive we are in a bull market, go out and buy a newspaper and see if the general feeling is that our economy are doing great guns ! No, people are suffering, losing their jobs, trying to survive, cutting down on consumer spending. I mean standard bank iniated a long position on anglo on the 25th Aug just to close it today......and you known why ? it is because they only looked at TA and not fundamentals.
... View more