I suggested the current rally had similarities to the Nov/Dec rally.
Yesterday was therefore supposed to be a top and the new moon seems to have done its job like it did in Dec.
Oil has a great chance to reach 75/80 and while it won't help the BHP's of this world it should help equity markets overall.
If the Nov/Dec pattern continues, the next 3-5 days might not be pretty.
wednesday wobbles
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Last
7,811.8 |
Change
-36.300(0.46%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,848.1 | 7,848.1 | 7,764.6 |
| XJO (ASX) Chart |