Wednesday, August 18, 2010
Technical view: Market on its way down to 26 000
This is the JSE Allshare Index. This morning it was starting to form the second shoulder, and by the looks of it, it's testing the neckline at the moment.
As we can see from the graph, there is no resistance between where we are now and 26 000.
We will be monitoring our short trades that we've put on, adding when it's already in a tidy profit.
Safe trading.
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