XSO spelt it out yesterday... the idea of risk in an uptrend channel was smashed. See chart below. Europeans playing musical chairs, China playing pin the tail on the donkey and US in the potato sack race...Sooner or later the kids party is going to be over. I do agree with many that the next obvious choice is QE3 to further manipulate currencies and all the joy that will bring. MIght be time to open another wine bar.
XSO spelt it out yesterday... the idea of risk in an uptrend...
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Last
7,733.7 |
Change
-62.300(0.80%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,796.0 | 7,796.1 | 7,730.5 |
| XJO (ASX) Chart |