Grant the Ozzie is now in danger zone for those long .
The old substantial top has a range of 77 ish to 81-82 . A forex chart shows the price action around this level in 1996-97 . We are currently in the 3 rd range up and when it corrects around those above numbers we may see a consolidation and a 4 th leg up , now that will be scary and put us up into the ? range .
Oh dear , I hate to imagine if we go into a 4th leg up how the ozzie economy will handle the pressure .
The fact we have broken or the USA has crashed through important barriers ,which insto's had on red alert , should have us all on the edge of our seats .
Another important level to watch is the price action around Dow 10670 and s&p1120 .
Oh well better get back to today's plan of action [ cricket in Sydney lol lol ] as the stinking markets are starting to play on the old nerves again . cheers ge
