The S&P and Dischem
The past week has been interesting from a market point of view. Consider the chart of the S&P500:
S&P500 Index August 2017 - Chart by ShareFriend Pro
The S&P500 [glossary_exclude]index[/glossary_exclude] fell heavily on Thursday the 10th and then staged
Using the OB/OS with Gold
The price of gold is set overseas, specifically by the two London fixings each day and the international spot markets. In South Africa, our gold shares have to contend with a volatile gold price as well as all the problems of mining in this country – strike action, uncertain legislation, faulting, friability of rock, deep level mining etc.. The combination makes them extremely volatile and risky. It is very difficult to know
Correction?
A couple of weeks ago (25th July) we ran an article under the heading of “Market Review”. In that article, we ended off by suggesting that some sort of correction in the S&P500 index appeared imminent. Our reason for saying this was that nothing moves in a straight line in the markets. Sooner or later there is always a correction in a bull
Target for JSE Overall
In early December 2016, we published an article with the heading "Upside Target" in which we explained the horizontal count method in point and figure (P&F) charting and then applied it to the S&P500 index, which had just broken upwards out of a two-year sideways market. You may wish to go back and re-read that article (click here) or our lecture on P&F