XJO 0.22% 7,997.7 s&p/asx 200

Indices 27/03, page-178

  1. 6,492 Posts.
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    Markets were fine until Australians sold their children to hide their money under their beds in march
    Xjo got slaughtered
    AUD got slaughtered
    Still haven't recovered yet but it'll grind its way back eventually like it always does
    Dxy, vix, bond yields are all favouring the bulls, even if Australia is terrible

    We're just holding atm
    Looks like we've topped for now
    Holding within those green lines
    But heading towards the top purple line
    FOMO kicks in above the first purple line & we go to the 2nd
    We won't have enough to go for the 3rd before June
    Maybe the July/August if interest rates have paused & ready to drop by years end

    We can still dump again tonight to fix the holes below & maintain an uptrend
    If the dump is large enough, panic returns
    I've also marked 4th of April for the bottom of this channel
    Then continue on our merry way if the dump isn't too bad

    We had out chance to go for those 6800 lows & couldn't take it
    We can try again in June but we'll need something drastic tonight to be able to get back down there again

    Otherwise the daily trend will stick & away she goes

    I drew this chart last night but never posted it
    Hopefully you don't get vertigo but I won't be posting this chart again for a while
    Haha

    Don't forget we did the same thing in January, we can do the same thing again

    If we zoom out, we've gone nowhere in 2 years
    We can go nowhere for another year & repeat the similar ranges
    https://hotcopper.com.au/data/attachments/5166/5166310-f57ad3cc4470f1e13fd712c451721d82.jpg
 
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