mother of suckers rally could be this week, page-2

Sandune


If there IS a rate rise I doubt whether this will have too much negative effect on ASX as it I believe is already programmed into current prices.

If in the unlikely event there is NO rate rise,( as this is unexpected,) I agree there will be a rally.

Not so sure it will be a "suckers" rally however.

My belief is the forthcoming reporting season in US will be pretty positive & bouy their market.... which will rub off on other world markets, including ours.

And in the meantime, they are not shutting down China or India even if they do slow down from their current frentic pace.

Yes, eventually this long bull run will end, but IMO its too early to tell right now if the XJO is currently in a pause or a major top.

You have basically been calling for a major top since last year & have so far..... been wrong.

Mathmatical manipulation of past prices/ time etc is not going to give anyone the answer in advance.

We will only know the top has been reached AFTER the event.

Cheers,

Bendigo