Ron Bewley’s 5,800 call

Ron Bewley’s projections for the ASX 200 was that it will go to 5800 and it probably still will.

All of a sudden there seems to be a massive disconnect between the Dow and our index.

I am buying the dips, but my T/A says that we could well come off another 100 points before this finds a floor.

I would really like a Switzer expert opinion.

A: Thanks for the comment.


I think we cover quite exhaustively where we think the market is heading. It certainly hit resistance near 5,600.


Peter’s outlined again in today’s Switzer Super Report his view that a Christmas rally is on the cards – and in doing so, expecting a floor around the 5,400 level.


Hope this helps.



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