ASX 0.93% $60.80 asx limited

dow plunge healthy omen

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    This healthy correction at the back of oil prices and the GM,Yahoo woes is good omen for the ASX traders in resource and industrial sectors. A gentle retrace would have bled the small caps to death. Recent oil price hikes were maily due to reasons unrelated to the supply. Technically,Dow will bounce back to 10800+ before deciding. Monday would be good for bottom picking and watch smart money in action.

    Cheers
 
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