IMO, if it stays at this level, or drops further, than there will be a widespread sale of equities, due to risk aversion. Many funds will not want to be associated with another feb 27th, which may not bounce back given the sentiment right now.
In addition, yes, it has been channel trading, but if you recall february this year, we had a similar setup.
We are now below the highs of dec 2005, and that's pretty significant.
The USD just needs to stay below 121.00 for it to start having an effect.
tuesday expectation, page-73
-
- There are more pages in this discussion • 71 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,771.6 |
Change
12.000(0.15%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,759.6 | 7,819.0 | 7,754.9 |
| XJO (ASX) Chart |