Last night the Ozzie fell dramatically down over 1.5 cents.
It broke below the gentle downsloping channel I talked about last night on the blog: redbackmarketreport.blogspot.com. And it decisively broke below the 0.896 level. It has also broken below the 89-Day SMA. The only worse thing that could happen would be the 13-Day SMA to break below the 89DSMA. That now looks like a foregone conclusion, when, not if.
The ozzie is cactus. Our stock market will also be cactus (just my humble opinion). Forget Santa.
As Looney Tunes said: Th-th-th-that's All Folks.
Cheers
Red
last friday before santa time, page-12
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Last
7,921.3 |
Change
60.100(0.76%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,861.2 | 7,938.3 | 7,861.2 |
| XJO (ASX) Chart |