Seriously..........it doesn't take a genius to see the market is going lower. That intraday low of 3,200 is just a few days away. And then BHP hit $20, it can still go lower.
Guppy's 2,700 target is purely math based. Doesn't mean anything.
ASX low between 2,000-2,999. This means as soon as it breaks 3,000 we can start accumulating.
it will not break 2,000.
It is clear the market wants to bottom. From November 20th the economic news has gone straight down, crashed even. The market just now broke a new low. Horrible news has already been discounted. The thing that worries me are the politicians. All this talk about nationalisation and bad stimulus packages are not good.
The Aussie stimulus package is a great example that politicians (i.e. ex-lawyers) should not suddenly be wannabe economists. Bloody hell, everybody top-dog in office is an ex-lawyer. If they were a company board they'd get negative marks.
