Where is this damn JSE going - I hope UP! - Here's why.

Your guess is as good as mine.
One day we are up another is down.
One week is up, one month is sideways.

This is NOT conducive for trending markets.
This is NOT conducive for breakout traders.
This is not conducive for momentum traders.

So we need to wait for a breakout to have a better idea on where it wants to go.

Right now I'm long 8 stocks and short 6 stocks on the JSE.

So yes, hedging is crucial during these times.

Also, one needs to hedge with Forex, indices maybe even international markets.

It's the only way to have more control of our portfolios and to diversify markets better.

So which way is it going. No matter what, I always prefer the market to move up.

I prefer for the optimistic approach where companies are doing well, South Africa is doing well and investors are doing well.

Even though I could be stopped with all shorts, I honestly don't care. I care about the wellbeing of the country and the JSE.

I don't normally rant with analyses, but this is a clear example of where we as traders, have no idea where the market is likely to head.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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