"It's my view the markets bottomed yesterday in their very sharp downward plunges and V reversals. That's both the Australian and US markets. The All Ordinaries in a panic selloff fell into the range I suggested as a worst case in my recent note to you - 5400/5500.
I
had regarded that as possible as part of a panic selloff.
There could be some retesting of that low, but I doubt we will be lucky enough to get very close to it or, better still, lower! This corrective activity can last through September, but it's my view we have very probably seen the lows."
huntleys predictions
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