SPX has shed 11.2% in 5 days, and is 12.4% from its peak. The steepness and magnitude of the fall should satisfy the need for a correction.
Here, the All Ordinaries has respected the trendline from the GFC low 0f March 2009, and is bouncing off tried and tested levels. Yesterday's chart (that blue trendline was hit at the open today)
Downgraded to Shred - Tuesday, page-133
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Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |