Author Topic: South Africa Top 40  (Read 27165 times)

Bevan

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Re: South Africa Top 40
« Reply #30 on: January 25, 2014, 12:18:24 am »
I guess you could definitely say we saw the downside trigger today. Markets are going to be tough and chopping around sideways to down for most of next week.
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Bevan

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Re: South Africa Top 40
« Reply #31 on: February 03, 2014, 02:17:42 pm »
Markets are looking to bottom out as oversold intensifies. However, both weekly and monthly charts now show downside triggers. So unless we see a fairly quick correction back up (this week) we could be in for a prolonged downside drift. My feeling is that we get a sideways move this week to form a bear flag and then a downside breakout towards end of week as momentum pushes back down again. We really need an almost immediate correction to the upside to sustain the positive trend else I figure that trend will turn down and we see a couple of bearish months.
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Moneypenny

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Re: South Africa Top 40
« Reply #32 on: February 03, 2014, 03:25:11 pm »
I guess you could definitely say we saw the downside trigger today. Markets are going to be tough and chopping around sideways to down for most of next week.


Well spotted there fc.

With 1 hour to go before US open, S&P/DOW/NAS futures up +0.30%,

Bevan

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Re: South Africa Top 40
« Reply #33 on: February 04, 2014, 07:18:04 am »
Big down day on Wall Street. SA futures down 400 odd points already. February looks like being a rough month.... Daily and weekly momentum now quite rapidly oversold (the bear has jumped out the window) but monthly momentum only starting to turn negative. Could have made a bottom already and spend the rest of the month grinding sideways before getting enough momentum to recover. However, I suspect there's at least another 900 points to be wiped off the Top 40 before the real bottom is in.... Markets really don't like new Fed Chairs and markets really, really don't like losing their drug i.e. the little QE tablets that uncle Ben used to dish out.
Audi, vide, tace, si vis vivere in pace. Pax vobiscum.
Happiness belongs to the self-sufficient - https://www.thrivecentre.co.za

Bevan

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Re: South Africa Top 40
« Reply #34 on: February 04, 2014, 07:21:53 am »
After such a big move we should see a bounce (of the dead cat variety) today. Very short term buying opportunity i.e. buy on the open and sell by end of day because tomorrow should resume the negativity......
Audi, vide, tace, si vis vivere in pace. Pax vobiscum.
Happiness belongs to the self-sufficient - https://www.thrivecentre.co.za

Moneypenny

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Re: South Africa Top 40
« Reply #35 on: February 04, 2014, 08:08:33 am »
And we are down to -524 points and not even 8:30 yet.

Moneypenny

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Re: South Africa Top 40
« Reply #36 on: February 25, 2014, 09:01:39 am »
Don't forget about the dividend adjustment on the T40 this Friday, 135 points.

Aragorn

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Re: South Africa Top 40
« Reply #37 on: February 25, 2014, 09:09:48 am »
How's that c100 point move at 8.30 this morning?
Not idly do the leaves of Lorien fall.

Moneypenny

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Re: South Africa Top 40
« Reply #38 on: February 25, 2014, 10:32:48 am »
You can always, (okay not always but mostly), trust 8:30 spike licking up stop losses to show you direction, hehe.

Quick 303 point counter direction:


Aragorn

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Re: South Africa Top 40
« Reply #39 on: February 25, 2014, 11:06:49 am »

Quick 303 point counter direction:
Pity I wasn't short, but glad I wasn't long.... :o
Not idly do the leaves of Lorien fall.

Snakepit

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Re: South Africa Top 40
« Reply #40 on: February 26, 2014, 10:20:26 pm »
Well Moneypenny, why don't we see if we can help the forum members with our technical skills. Anybody can place a chart of a share and then we give our technical commentary. Let see if knowing the technicals can give those that trade on fundamentals an edge. Just to prove that technicals has it's place in shares.

The only rule: It must be a candlestick chart and I guess a daily chart will be fine seeing that it is sloooooow moving shares :whistle:

You guys want to give it a bash?

Snakepit

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Re: South Africa Top 40
« Reply #41 on: February 26, 2014, 10:24:00 pm »
Maybe next year, if the moderator allows, we should have a technicals shootout against the fundamentalists.  ::)

Moneypenny

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Re: South Africa Top 40
« Reply #42 on: February 27, 2014, 08:37:31 am »
I like it Snakepit. Just not so sure Iím your gal though. 

I only use basic techs (support, resistance, RSI, & MACD) but my main focus stays fundamental.

I did a course with Larry Lavin from Trading Advantage but I have to say, I canít see what technical guys see in charts.  No, I mean literally cannot Ďseeí, they see Ďhead and shouldersí and Iím thinking, yeah right, in which universe?  Iím obviously doing something wrong; maybe being a creative person with an odd mix of perfectionism and rebellion is my problem.
 
I would love for this thread to grow so I can get this sorted as I think techs have a definite and important place in trading/investing. Iím thinking Orca, Aragorn, forward curve, gcr, and other left brain thinkers like Patrick & Neil and others might be appropriate candidates to assist?   We have more than 600 forumites, Iím sure we have a few more silent techies who can chime in?

Iíll also chirp in, even if itís only to ask the silly question others are afraid to. >:D

But please continue this tread and kudos on a valuable idea from your side. :TU:

Snakepit

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Re: South Africa Top 40
« Reply #43 on: February 28, 2014, 08:35:21 pm »
Hehehehhahhah ja a head and shoulders. Most traders believe in them. You see these patterns appear over and over in futures.

So to all forum users. Let the games begin. Give us a chart to analyze. What do you have to lose?

Moneypenny

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Re: South Africa Top 40
« Reply #44 on: March 03, 2014, 08:19:47 am »
Great. :)
 
Maybe you should start a new topic for this one Snakepit, then members can add various company charts or indices as well?