chartist-how low all ords go, page-2

  1. 435 Posts.
    I'd be very wary about the AllOrds....

    It looks a bit like it has just broken its last support level and could be due for a fairly sizeable fall.

    Mind you, the fact that I have said that will probably mean it will rally strongly tomorrow...

    Having added that proviso, you can now be sure it will fall. It usually does the opposite of what I say.

    If it does fall strongly, for example if something really bad happens, then I would expect it to bottom out at 2350. But that would have to be something really really bad.
 
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