The ALSI opened down 140 points this morning from yesterdays' close. It has regained some of these losses, but the general trend is still to the downside.The graph above is the daily graph of the JSE All Share index. Clearly one can see that the uptrend has ceased.
The Dow Futures are down 0.77% at the moment and is look to continue its downward movement after Fed Chairman, Ben Bernanke, gave their view on the economy last night.
Asian markets are also down, with the Nikkei 225 -2.47%.
The pullback we wrote about last week has started.
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