First leg of a new bull mar­ket

Both JSE all-share and Dow show­ing im­prov­ing long-term trends

Finweek English Edition - - Creating Wealth - COLIN ABRAMS colin@the­mar­ket.co.za Tech­ni­cal an­a­lyst

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.

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.