This pullback is over IMO. Will dead cat bounce to 6200ish then who knows. The long bull market will continue even with a 20% crash. Around 5300 is the long term support of the bull market according to my 9 year chart. So we can have a brutal smashing and still be in a long term bull.
Rebakka's target under 6000 is the obvious trendline hit for this little pullback.
ASX Morning call 9 OCT, page-54
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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 |