Below are four charts.
What is wrong with the last one?
The charts in order are the 1991 1992 2003 bottoms and the current market.
The middle of the lower indicators in yellow is the premium/discount of SPI over XJO.
In the first 3 charts note that having premiums is not going to get you a low.
You need the SPI to give up.
Sure it could be different this time and US markets are getting close to some sort of low probably but...
friday is mine treggs, page-2
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Last
7,829.7 |
Change
66.500(0.86%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,763.2 | 7,832.3 | 7,763.2 |
| XJO (ASX) Chart |