Dax…Never short the Dax…
Euro $
• A volatile 2 weeks
• The FED shifted the goal posts.
• Normal unemployment changed from
5.2% to 5.5% down to 5.0 to 5.2%
• Interest rate policy is tied to
unemployment and the dollar fell.
Euro $...has the next leg down
started?
GBP$...bearish monthly close…
$ Rand…12.90 is still on.
Oil… double bottom nearly
confirmed.
Baltic Dry Shipping Index 5 year
chart…
Commodities
• Once again I hear experienced
analysts saying “Anglo cant go any
lower”… Sure…
• The Baltic dry is falling.
• Potential Gartley on Copper gives me
hope that the worst is nearly over.
Billiton…watch for support at 786
of the last move up…Gartley 222
VectorVest Composite SA
SA trends
• 1. Primary Wave UP
• 2. Underlying trend up since start of
2015
• 3. Reverse divergence between the
price and the MTI says a high
probability of another leg UP.
• 4. Be careful…we need a pullback
soon…
David Pension 2015
David's Pension …after the close
on the 2nd April…
Steinhoff…Dax proxy
Sasol…Prices falling volume
falling…very positive…
Invicta…a commodity victim…
Remgro…charting a classic flag…
Woolies …reverse divergence…
Rhodes…looks excellent…
Astral…on its way…
Shoprite…is this the next BIG
move from a 3 year consolidation
Shoprite…plenty of time…a few
closes above the 21 ema …
Thank You
Written and presented by David William Paul