I am unsure what is going to transpire - but downside pressure looks quite strong...at this point I'm fairly cautious and breaking of lows is the likely scenario as far as I can see.
I don't think we shall rally untill we get one hell of a capitulation...I know- everyone is talking about capitulation, but that's what I just see here...I can't see a rally being born without majority of participants throwing in the towel.. something has to end this downtrend.
why, page-23
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Last
8,099.9 |
Change
24.200(0.30%) |
Mkt cap ! n/a | |||
| Open | High | Low |
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| XJO (ASX) Chart |