short term trading - week starting 19th august, page-29

  1. 3,654 Posts.
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    CZN support entering here on the 200day should be good for a retest of 5.5ish c or approx 30% over the next few days to week, so I decided to buy some today.

    HDX another with a nice reversal candle yesterday and small gain today is Sitting on the break of retrace line and looking for approx 30% buy possibly end of next week.

    ALT I keep looking at this and thinking a 2-3 week 30% move is comming but havn't convinced myself to put any on the above on the list,

    will wait to see how current market sentinment plays out in global indicies, US now looking for an intermediate pull back, still very bullish for continuation in OCT just not clear in my head on the path ASX will take till then. Do we get pulled higer with china bouncing off lows??

    Also sitting about 80% cash in market ATM and account still green!!! This feels different to previous corrections we have seen in that the sentinment is still speccy positive and the likes of BHP and RIO are well off their lows also.
 
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