A wave of negativity from Europe to US to Iran. Oil surging to yet another record means we could see another 3% drop on all indices tonight.
Apparent oversold conditions are irrelevant at the moment as we are in the third and final phase of the bear market -and the most painful with a protracted and sustained fall. High volume capitulation on this leg has not occurred yet.
This phase could last another 6 months if you look at the length of previous bear markets.
Whether Australia continues to mirror the US in the second half is the question.
futures well up again, page-51
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Last
26,683 |
Change
82.730(0.31%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 26,683 | 0.00 | 0.00 |