AUD falls to 70c ..if RBA lower rates by 1/4% on a crappy economy outlook., page-37

  1. 42,194 Posts.
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    Crazy, cleared out of TLS weeks ago when it could not breakout of resistance. Took what the market offered and not hoping.

    Would you be comfortable holding anything profitable that has tested the top or resistance knowing that io oil has collapsed? In addition Dow/sp500 cannot keep having multiple record high continuously without a pull back. All about profit protection if there is any. Some one posted shanghai fell 5% today. Reckon follow through selling in US tonight?

    "feels" like our market is just leading some correction and even gold is diverging from the strong dollar weak commodity relationship.

    A lot still holding on to 2012 style snap back in io price but IMO not so fast this time. Whip out FOLO at your own peril when the knives are still sharp and looking for victims to carve up.
 
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