I notice a lot of contributors, even some of the more professional ones keep talking about a big rally starring Monday. Well as markets go anything can happen. However my experience with CSE and also other financial markets I have traded is that in times of uncertainty, and especially after a long bull run is that we are going to see a period of marker either stagnating or giving up a portion of it's recent gains.
I am not talking a 33pct retrace, but feel ASPI pull back to the low 7000s or even slightly below is on the cards.
Granted a few counters might continue to buck the trend, but in general a 1.5 month correction period.
So how does one trade into it?
1) I would take profit or stop my self out of stocks with little fundamentals behind them, as these would be the most likely to see significant pull backs.
2) I would remain in cash or near cash instruments
3) keep an eye open for good stocks (low pe, nbv) that might over correct.
4) would keep an eye out for signs I would consider worrying - election violence, dirty politics ect