I think pricing in is very much guess-work for anyone (even the pros) in this situation.Nothing can be assumed.And of course, markets don't like uncertainty.But to the extent there IS certainty... the deeper you examine it, the worse it looks..That's why I'm going with the charts, which are playing out pretty much textbook..Strong downtrend, rejecting the 20 EMA,PLUS all sorts of issues, headwinds and negative sentiment.Jump back from that falling knife!.
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- If it is as bad as the GFC, the ASX will drop to around 3,600
If it is as bad as the GFC, the ASX will drop to around 3,600, page-19
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