is today a day to get out or hold, page-3

XJO market very weak today - although mining stocks performing well.

We have hit new lows in the past few days so bias is to the downside... remember this is a bear market so only look to go long once up trend is confirmed (unless trading on a short timeframe then just trade the intraday stuff).

XJO may hit 3450 in the short term, but long term looking at below 3000.

"The All Ordinaries and ASX 200 have broken through primary support at 3300 and 3350 respectively, in sympathy with the Dow. This signals the start of another primary down-swing, with a target of the March 2003 low of 2700." From Colin Twiggs of incrediblecharts.com

ps...short selling ban is a rort... ASIC don't know what they are doing...