got close to dropping a buy at 15.95, patience has paid up. ASX should follow the Dow down the toilet. 2% today should touch on 15.50. expectation is there is still another 13-15% in this delta strain correction, plus an overvalued Dow, but don’t be fooled the XAO isn’t too bad and a lot of PE’s and yields suggest this is fair value. probably around this time next week will be the lock in and load signal I’ll be watching that magic buy signal of 6800. I’ll buy in chunks of 10-15% of remaining cash capital every 5 days, I’ve got worst case pegged at 6300 points. Should only take 4 weeks to bottom before another quick, but bigger rebound OFF THE BAT OF HUGE STIMULUS. just when the RBA signalled an increase to interest rates and a reduction of bond buying, kaboom they are going to line our pockets again theres going to be more money in the economy than ever before, get ready for it ladies and gentlemen, a lot of people missed the dip in March last year, there’s now double the eyes on this, my bet is the XAO to rally out of the next correction like never seen before. I’m saying 10000 points in 12-18 months!
CPU Price at posting:
$15.86 Sentiment: Hold Disclosure: Held
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