A 50% pullback of the 2003/2006 rally is 4050.
Corrections are always faster than advances.
Anyone that doesn't anticipate that sort of move is foolish.
It may not happen yet but these sort of moves can happen in a few days and will be good medicine for the market.
Short term traders will be scarred and speculation debilitated.
bears hopelessly out of sync with the mkt, page-8
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |