Gap down to around 17000, that's also a healthy fib retracement for the recent rally, and then resume the new up-trend - IMO. But, if support doesn't hold for the retracement, then yes I'd go with the under 16000 level by the end of the month, because of the falling support trendline.
Naaaaah... the bear is over... it's bull market all over again. This was just a ever-so-slightly correction of a huge bull rally.... It's not true, I know..., but it sure sounds nice. Now if only Warren Buffet would say it! :-)
my predictions has just started! there will be a sudden drop next week. This is the last down leg before we get a relief rally. target to the downside of at least 16000 on the ALSI by the end of this month!!! another down day on the jse!!!beware longs