Thansk JD
I have seen a fair bit of talk supporting a call for the All Ords to hit around 3400-3600 before a solid bounce....its pretty close now.
I wouldn;t be surprised to see another 15% drop on our market.
My only concern is the mass panic. The authorities can get on the TV and assure people as much as they like..however...panic now is ruling and people are in a real uncomfortable mindset...this is what we dont want as we are already down heaps on the markets.
Hopefully...we bottom out..DOW 7000-7500 and ALL ORDS 3400 then bounce and not incite a mass exodus and point of no return once we hit those triggers.
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