I'm charting the US markets to capitulate very badly within the next few days ... Technically and fundamentally it has no where to go except down. Normally anything exceeding old highs (DOW last night) is bullish - but i reckon its a well orchestrated con job and the US markets are running on absolute empty ... the more relevant S&P500 refused to follow the DOW even closely last night on a points comparison. Our banks have prevented a 100 point drop here today. Awesone performance by them but I'm not convinced they can keep us afloat for much longer. So I'm Expecting a sell down across the board on banks soon aswell, and as for Telstra, its looking down the barrel at 3.20 . Gold to go alot lower from here / Silver to go alot lower from here / Copper to continue its retreat / and Oil ????????? So XJO down another 250 - 300 points over the next few weeks before any possible recovery. Big call ??? Maybe - Lets see what goes. cheers.
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