Whitey Broke Me (Pun Intended)

Foolish me - thinking the Bear market would sort out even the strongest. I did not count on Shoprite going parabolic and parabolic it did. If you went long and have been long for the last few months you have profited handsomely. Shoprite does seems to have just completed the last phase of "parabolicness" (a Kickism) that is - the vertical shoot for the stars. Parabolic shapes on charts are interesting in that they are doomed to fail. If you are brave and have any capital left now is the time to short :) No wait .....................  ........ ................... ....... ................................................................now. Seriously, jokes aside this run up has been of epic proportions and the last spike has cleaned out any shorts that were still hanging around. Will I short again - my confidence has taken a knock and I have learnt a tough lesson from the hard school of trading. Have a stop and stick to it - break this rule and you will break the bank. Yes I believe I will double my current minuscule short (minuscule in comparison to the monster of a short I had) When everyone thinks you are mad to take on a position and your common sense cries against your actions - then you know you are truly contrary.

mmmm - hint of concaveness there - no?

Have fun out there. The volatility is back and money can be made quickly or lost quickly so take a view, trade it, but don't forget to decide on a stop BEFORE you put the position on and write it down in blood.

Good Trading
Kick

Fini, she's broken

 

The FINI appears to have broken and back tested its break. What is also noticeable is the gradual decline in the steepness of this ascent as momentum to the upside subsided over time. FINI seems like a good short for the intermediate term. 

Banks in particular are ripe for a good pullback. With banks raising charges significantly over the past year or two Mr Consumer is looking for alternatives and Capitec Bank(CPI) is benefiting greatly and rightly so. Check out this link for comparisons of bank fees and you will see why in this time of prudence opening a Capitec bank account makes sense.

 

Good Trading (and changing of  banks)