Tuesday, 14 October 2014

Perforance/Non Performance of the All Share Index

  •  As you will note from the chart below. Our market usually has a 7 - 8% correction in a healthy up trend.
  •  Since the Market broke below the 50 700, level on the 22nd of September'14, there was some effort to recover past the 200day Moving Average, but to no avail . . .
  • The S&P closed 1.65% down, yesterday the carry through effect may be dire . . .
  • If our market breaches the 10%, or 46 816, level we are set for a 'healthy' Bear cycle
  • Remember this is not Doom and Gloom!  Many value for money shares may retrace negatively with the herd - But they still present good value to be retained in your portfolio for future growth and possible buy in when they present themselves at bargain prices - Later!!

With regards to the American sentiment:

Extreme Fear in stock market

CNNMoney's Fear & Greed Index  October 13, 2014: 5:38 PM ET