ASI will test new highs in 2018

For 10 straight weeks the ASI fell 332 points. But this week being the final week for 2017, we saw the index recording a gain of 50 points. That is huge given the lackluster behaviour due to the holiday mood. However 1 week of gains won't mean a thing if the activity is going to be erratic. Even if some may not agree the economic indicators have shown a better year compared to the previous 2 years. As such the market ended by closing at 6369.30 which was higher than the open of the year which was 6228.30. Although it was marginal yet it makes sense alongside the explanation above. Therefore I like to image 2017 as a YEAR OF RECOVERY for the CSE, and the New Year to be the BEGINNING OF GROWTH. My top side expectation for the Index is to test 7000 points DURING the Year with the bottom side being 6000 points. Therefore the behaviour will certainly be volatile within an upward trend.