Nope, I don't think so this time Melburnium. A few cats have already been swung by the tail and like the hammer throw, I think they have been cast out now.
So I did a rough volume spread analysis on the key indices in the box in the chart in my previous post. Its a big call I know, but on what I see,
I think the bottom is in. Australia tends to follow. There has been a lot of accumulation in sound stocks in Australia where the value has been beaten down. So I think the switch is about to be flicked to on, sooner than later. Huge volumes went through last week on the DOW, S&P 500 and the NASDAQ with considerable rise in price. I note the Dollar Index also appeared to be topping.
Probability, not certainty.
(20min delay)