Major Correction on S&P in Play

In post 14682355 and post 14617016 in Jan and Feb 2015 I mentioned -

"A break below 1968 on S&P500 will see a resumption in bearish trend likely triggering a bearish sell off in the ASX and also on FAR. This will be a short-medium term bearish correction that may expose FAR to 4.5-5cents. Good buying opportunities there. I potentially see FAR recovering to 20c+ before year end. Note, global fundamentals will move FAR down while company show of potential via announcements will generate SP value over time.

Note -Euro QE may delay the S&P500 bearish trend by 1-2 weeks, but resumption in bearish trend is expected in Q1 2015."

The correction now appears underway with strong bearish momentum. If 1968 breaks which I suspect it will - we will see a major correction in equities which will trigger a sell down on the ASX. This is likely to push FAR down in the short term. Look for buy-in opportunities around the 5c level. Potential for recovery to 20c+ by year end.