The South African market has triggered the rising wedge, on the end of day chart, which has now played out to show the market will be heading down again for a few days. It has already started doing so. The benefit of knowing how to take advantage of this using Short Term Trading strategies we can make good profits by short-selling the market.
On the Futures Mentorship I run, we shorted (expected the price to go down) both Implats and Billiton earlier this week. We have made over R6000 in Implats since Tuesday using just over R7000. As far as the stock market is concerned, one can still look and find opportunities using our successful strategies! On Billiton we made good money as well.
Shoprite, as the superb example, was brought to my client's URGENT attention during my workshop in the last HALF of 2008! By putting together the Equity Strategies and tieing them with Equity Fundamentals, we assessed the market and Shoprite was undoubtedly the best performing share across the market at the time! In fact, it still is. But I know you value our input and enjoy benefiting from our outlook on the market so I believe that you could find value again in the rest of this letter...
I ran through the market with our Equity Trading Strategies process and Shoprite came up TOPS! Then since August 2008 a BUY triggered in Shoprite at around 4200c and there has been no signal to Sell the share. The share price was 5400c yesterday at closing. This is after 114 days for a 27% return! Why wouldn't you want to achieve those kind of returns, especially considering the bearish market at the moment?
To get the right education on investing and trading, look at the people teaching you the strategies that they use themselves. Strategies that make them money. Lecturers that trade the market. We also love to train and teach others to do the same. Come grow your knowledge. Grow your portfolio account! Achieve your financial goals.
Here's wishing you the best financially profitable year ahead!
Financial & Investment Workshops, ebooks & financial freedom @ http://www.newsweek.co.za/
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