This scenario is so typical of bad planning. I was posting just over year ago that markets shouldn't be running up (at that time) as there were issues to be dealt with (numerous posted to say I was wrong and that XAO would keep going to make new highs). Instead of dealing with things in a systematic manner, we have the typical last minute train wreck that is usually seen when individuals make poor choices. Good 'ole vested interests at work IMO...
I continue to hold all my SEA as there are numerous reasons why I think this is a good move in the long term. My technical targets are out there now. DJIA holds 12,000 then we should rally, otherwise we should be insulated between 9500-12,000 IMO. Break of 9,500 would be when we start the 3000-3600 territory IMO, but anything is possible as modelling the actions of politicians is futile and meaningless. As such, kindly take my numbers with a trailer-load of salt. They only apply if the market is rationale.
SEA Price at posting:
55.0¢ Sentiment: Hold Disclosure: Held
