LOL Vendor what a profound message you are imparting . You are saying that IF the ASX drops significantly stocks will/may drop. Well you certainly dont need to be a Rhodes Scholar to come up with that one.
Just because there is a possibility that markets MAY crash from this point does not mean we cant post what current short term TA analysis shows and that is as I have stated in my previous post. Stochastics are not yet positive and news is needed to create momentum. Until news we are at the mercy of the markets. However your message seems to be saying you wont risk being in the market because you are worried that the ASX may flounder. Thats fair enough but if we all took that view that drop would happen sooner rather than later as we all dump our shares in fright so that the sharks can then come in and buy them cheaply.
Yes, we do need to be cautious as world markets are fragile adding to the risks posed by the manipulators/rampers endeavouring to make a dollar at our expense.
It looks like todays PRR action where it started with promise and then turned downward has pre-empted the ASX would turn downwards which is precisely what has occured.
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