VOC chart, page-29

Still hold VOC. The recent declines was due to the DOW uptrend correction. Macro market volatility is now elevated. Sometime next week the All Ords will likely snap back up 2 percent.

This is no excuse to hold stocks in downtrends, but the overall market snaps back partly because the cash rate alternative is so poor. RBA interest rates are not headed up anytime soon, so this helps put a floor on how low the market can fall. Also technically we are still in a bull market, albeit not a strong one.

The technical charting service I am subscribed to (Stockradar) have a $2.80 stop loss for VOC. If VOC closes below $2.80 today, I will exit next Monday.