Corrections are much faster than ....

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Derek  12 Oct 2018

Good morning,

International:
Corrections are usually much faster than gains. The NASDAQ has wiped out 15 weeks gain in just 1 week.



The HangSeng found support this morning and it looks like it wants to close the gap that was formed the previous day. The long term trend is still very bearish.



My old favourite, NVIDIA Corporation, has wiped out a 15 week gain in 1 week.
As soon as the institutions see value in current prices, you will get the turn.



JSE Technical:
At a property talk this week they mentioned that property has dropped 22% so far this year. I show it on the chart.



In the absence of anything sensible to show, I show where the next support for the SATRIX40 is.



You must have a great weekend.
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