Interest Rates

JSE All Share Index - End of trend quality since 6th March 2003

J203 Bounce 23rd May 2006
23rd May 2006 I agree a rally is likely now with the next reaction wave typically to 20360, 20 600 or 21170 on J203. Behaviour of impulse down and macro factors after that, will tell us if we need to get further Satrix downside protection. Counts call 20360 then the 16500-17500 zone now to mid July. If you want input into 9-12 day swings I can do it. I like to look at drawdown willingness as a % of three month average I am willing to lose for conviction for a recovery view.

JSE Construction and Building Materials - - what we said in June 2004 and a year later and a year later and look where it's gone....

Market Strategy Saturday, 2nd July, 2005
A Chinese sage said that the world lives in interesting times… So it be. We have the US government and a world dependent on oil -- convinced that world peace and growth depend on taking democracy and US influence to the Middle East. Iran and their friends want to chase out the Satan of the West with nuclear bombs. Russia and China also want influence for control of what is left of the world’s oil supply. Meanwhile the US issues paper promises whenever it needs money.