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28/06/17

20:27

Post #: 25548846
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Originally posted by Jagster Trading ↑

There was something weird about today's counter-trend rally against the international backdrop. Perhaps it is just Fundies about to sacrifice their client's money into a Bear Market - taking their clip along the way.

Anyway, it's only two more sessions before the end of week/month/FY and still, no major bearish move occurred on the ASX, but IMO it's coming shortly. Look what's happening overseas? However, the ASX may have overshot to the downside in recent months and now the rest of the world is playing a game of Downside Catch-up.

We'll probably look back on this day as the last good opportunity to open Short positions at these levels.

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Are we there yet ? No - but only time will tell.

Elvis Presley - Bridge Over Troubled Water

Cheers

XJO Value at posting: 5,755.7
9 Upvote

0 Great analysis

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