Description
⋅ Do you want the JSE ALSI 40 to fall where we profit from all the shorts.
Do we want the JSE ALSI 40 to rise, where we can profit from the longs.
I'll tell you what I want.
I always want the JSE ALSI 40 to rally.
I don't mind being stopped out on shorts.
I don't care about the shorts anyway.
And the reason is because I am optimistic with South Africa.
I want the companies to do well and I want to celebrate their success rather than downfall.
So, no matter what the situation is I always want the JSE ALSI to rally.
Take a look at the chart now...
We see a change in the pattern. Since the last higher low.
We have extended the Symmetrical Triangle.
So in a way, it's within the formation and the price is likely to head up...
On the other hand, if it breaks below it'll be a reversal pattern and the price will likely continue down.
Let's hope for the prior analysis as I'm an optimist.