after my recent charting of the all ords (including today), listening to the news tonight re the IMF's outlook , and then looking at the the dax and the US 500......this correction is looking to go a few more percentage points yet ......i always tend to over react to situations like this and wake up next morning to find all is well..??
so anyway, my thoughts are to rid myself of all longs and maybe treble my short open positions.......
I would be interested to hear what tactics others might have in mind, assuming they subscribe to some doom and gloom for the next few months
