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XJO - Bear Posts only (Factors which might cause the markets to fall), page-708

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JethroJ

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27/01/22

13:24

Post #: 59160847
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Originally posted by Ewebute: ↑

And the longs are actually increasing... Panic selling would be ok.. As you pointed out before its more likely going to be margin calls hitting soon then plummets to follow.. maybe just maybe after that occurs, we might then get a reprieve for a few days then some up days (trap some bulls again).. but this is not looking good.

@JethroJ I hope you didn't close your 7300 short (or at least held a little)

And a final bit of information, what a change 1.5 hours can make. The markets were 4:3 up vs down. Now 1:6 up to down. The volume has smashed heaps. By 1pm on the All Ords I have got an average of 546m turnover. The instos are definitely distributing today.

Carnage in play.. lucky we didn't highlight these events were going to happen (mind you it was before Xmas)

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Half $BBOZ sold at 6900s Tuesday into close and really it's partly because of AU day, but I don't care I'm now moved onto finding good yield value stocks, entry will be tricky.

XJO Value at posting: 6,791.6
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0 Great analysis

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