will we get smacked on tuesday, page-8

I've just been studying the charts this weekend. There is a distinct possibility that we will see continued downside movement as most charts indicate we are still in a bearish channel.

BUT I've also seen a lot of bullish hammers with long tails on big volume and this may indicate that the selling is over for now and we will see a resumption to possibly the upper trendlines.
Again it will all depend on the U.S. but at least you'll have a headsup since we had the public holiday. Monday will be interesting and so will all of this week. Any upside move will need to be confirmed with big volume and a strong break.

any continued downside move, needs to break those support levels if it just consolidates at the lows we may see a bottom forming.