market set to fall

  1. cevatt
    3,616 Posts.
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    30/04/06
    16:33
    Post #: 1529554
    Whilst there are no obvious signs that the bull run will ever end, I am going to predict a May correction of 10% or 500points.

    The reasons are

    1) RBA interest rate hike, putting selling pressure on prpoerty market
    2) Continued high oil prices (this may mean oil stocks hold up better)
    3) long 3 year rise meaning market is overbought.

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    lightbulb Created with Sketch.  Great analysis
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