JSE all-share trend re­mains up

But Dow vul­ner­a­ble to one fi­nal drop

Finweek English Edition - - Creating wealth - COLIN ABRAMS

WE LOOK AT TWO of the most im­por­tant charts as far as the cur­rent – volatile – sit­u­a­tion on the JSE and world mar­kets is con­cerned.

The first, for South African play­ers, is the JSE all-share in­dex, which places the re­cent mar­ket cor­rec­tion into per­spec­tive. The sec­ond chart is the Dow Jones in­dus­trial av­er­age, show­ing where ex­pected sup­port lev­els are. Both the SA and the US stock in­dices (rep­re­sented here by the Dow) are ex­pected to retest their early/mid-March lows be­fore head­ing up again.

There­fore, look to re-en­ter the mar­ket af­ter the next drop, which will present a low risk en­try op­por­tu­nity.

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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