JSE, All Share Index, J203
This daily chart plots the course of the Supercycle correction that I have been observing. It is now approaching the completion of 3 years in service.
This first of the 3 larger legs is Cycle A. The projection indicates the prospective target of the 1.62 Fib ratio of Primary [A] for Primary [C]. This compares closely with the ratio of the Intermediate © leg to the associated Intermediate [A] leg.
This could be caused by another and even longer full scale lockdown due to another strain of the virus, already called C-21 by some and even predicted by Mr & Mrs Gates. But I don’t even know how to spell conspiracy. No doubt those in-the-know will buy the dip, like they did before.