Dow is not closing gap

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Derek  20 Oct 2017

Morning,

International:
See yesterday's discussion about gaps. Good news is that the DOW did not start closing the gap.



Also discussed previously is that when a sideways trend gets broken, it moves the same distance as it came into the sideways move. I show this for Johnson Johnson that smashed resistance.



JSE Technical:
After a nice run Remgro made 2 doji's in an over heated area. Needless to say the correction then started.



Sanlam is also struggling against resistance in an overheated area.



You must have a great weekend!
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