Yeeeeehaaaaaa.............is it ok to be joyous when the market gets hammered? I hate to compare myself with that dill on BBC last year that was whooping and hollering about how he'd been dreaming of the day when markets would tank again. How much egg does he have on his face?!! And most likely not even this downmove is the one he's been waiting for.
Anyway, lets see how big the pullback is. My guess is only around 10%. The key in my opinion is the triangle in AUD so risk off should last until it hits the uptrend line around 98.5c.
EC
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |