wednesday wranglers, page-125

Robbbbbbbbb, Sanflipe, ninelives

If our index is going to to 3450 before staging hopefully the much eagerly awaited rally to 4400, 4600 or most optimistic 4800, what are the projected prices of the key stocks for our index at 3450 ?

BHP has some room to go down to say 23.76, RIO, WPL

Bank stocks have been battered and gone down by 25 % in 3 days - savage brutal. If they are to go down, their price would go towards uncharted territory - NAB support of 19 gone means $14 and so on

An estimate of the price of key stocks based on their index weighting is a good quiz

Thanks

Sara