Yes Jerm,i do beleive that the index can go much lower but...

Yes Jerm,i do beleive that the index can go much lower but making lower high's and lower lows,that is spooking a false rise and going further down.The big Q is where is the support levels ? I did a down target on the lower fringes of the horn and am getting anywhere between 5650 and 5750 and in the region of between 3 to 4 months to come.

I do not expect any of the companies u mentioned to go bust but they can shave of their share prices to much more lower levels.At the moment i am fully invested in shorts and am looking to exit soon and will be looking at resistance levels to short the market again until down target is reached.

Cheers

rags to riches