Dear All, 2800 - 2900 for the All Ords is ultimate support level...

Dear All,

2800 - 2900 for the All Ords is ultimate support level that all investors/ funds are familiar with.

Not saying we will see the level though if so I’m confident that we can hold tightly around these levels. I have not factored in anything lower then 2008 – 2009 points because I can genuinely say investors will not see anything lower then 2800 - 2900 points.

One has to chart the All Ords to determine that 2800 - 2900 would be the ultimate bottom should we test these lows in the current future.

The bottom is not far from here.

One has to imagine the amount of money sitting on the sidelines ready to start buying up all the oversold stocks for the next big run up. EVERYONE with cash is now talking two things (Bottom & Buy)

We live in a world of greed and regardless of how painful this experience was for an investor the crunch point is we as investors will all be back to buy the same stocks that have been oversold in this panic dump.

The share market is like a gambling addiction you can never give it up because the greed factor is always going to be there.

I read an article the other day that reads most of the current millionaires have made there fortune from recessions which strongly tells you that anyone buying and averaging at these levels will walk away a very rich man in 2 - 5 years.

Keep your heads high and take this dump as the best opportunity in the 100 years of trading.

Good luck all.

Regards,

Ray