JSE still flex­ing its mus­cles

But R153 in re­verse

Finweek English Edition - - Creating wealth - COLIN ABRAMS colin@the­mar­ket.co.za In­de­pen­dent tech­ni­cal an­a­lyst

WE TAKE A very long-term look at the JSE all-share in­dex’s chart and give an in­ter­est­ing (and per­haps sur­pris­ing) tar­get for it. Long-term in­vestors will want to take note of this. In the short term, we look at the chart of the R153 gov­ern­ment bond, which points to a short-term re­ver­sal to come. Long-term in­vestors needn’t worry though, be­cause the JSE all-share in­dex is point­ing to far higher prices in the com­ing years. Mean­while, short-term play­ers will be able to profit by sell­ing short bonds, which should place the JSE un­der some short-term pres­sure.

Please note: For more rec­om­men­da­tions and charts by the au­thor on shares, stock in­dices, and com­modi­ties, please go to www.the­mar­ket.co.za.

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