First leg of a new bull market
Both JSE all-share and Dow showing improving long-term trends
WE CONTINUE with the theme of last week’s column, where we showed some of the main stock indices, South African and overseas. This week we show charts of the JSE all-share index and the Dow Jones industrial average in the United States. I believe we’re well into the first leg of a new bull market. While both the all-share index and the Dow are becoming overextended in the short term, we do have higher targets in place. As a result, corrections in stocks are to be bought.
Please note: For more recommendations and charts by the author on shares, stock indices and commodities please go to www.themarket.co.za.