3 Shares power DOW

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Derek  1 Nov 2017


All markets are positive and tne Nikkei is leading the bunch. I show the Nikkei and notice the strong trend. Do you see the double bottom on support before it took off?

The DOW gained 4.2% in October and was mainly powered by Intel, Microsoft and Wal-Mart. I show Intel and notice the change directions in trend.

JSE Technical:
Since the budget speech, banks have corrected significantly. It looks as if they are finding support. I show Standard Bank, but the trend line is not broken yet.

Trend Lines can take quite a while before broken. I illustrate this on the chart of Super Group.

Enjoy your day.
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