XJO 1.10% 8,075.7 s&p/asx 200

expectatioons for tuesday, page-35

  1. 3,731 Posts.
    I cannot see any support at current level simply there is no exciting news.

    I am expecting the market will drift down into 3200-3400 range before consolidation. It could take weeks.

    Looks like people are still like to hold cash. Mom and Dad are moving money out of market, particularly from their superannuation. They might be the last group to do so. 10% or more downside might reach the bottom.

    More interest rate cut might help to move money into the share market.

 
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