retrace, page-23

People will have different views on the recent UNX correction. Essentially we had the market talking, saying it was "overbought." So that brings profit taking. Totally understood and expected. So people with short term goals will sell & those with a longer term view will hold.

Af for what UNX will do next. Really fundamentally they will be working flat out from now on to prove up Mkuju, so an exciting 2011 can be expected. For the immediate FA position, you often see THREE red bars/candles in succession to soak up profit-takers. So I expect another down dip tomorrow, then the market will speak again & say its "oversold."

IMO we will see good buying opportunities between this afternoon and tomorrow morning. For those on the sidelines watching the recent run, this might be a good opportunity to look to enter or top up.