QE3 ? seriously.
QE1 and QE2 were resultless and with no money left to print how can they do a QE3... they're stuffed and will need to take a massive hit. Raising taxes could have helped a little, but the political situation and the US Fed beyond a joke.
XAO to break 4500 support today and the DOW breaks below 200 day moving average. Currently on the neckline of a major H+S
Both looking to collapse another 7% -> 9% just for starters imo.
Some simplistic charts - that's all we need. Line in the sand has been broken.
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |