agree with over all long term sentiment,
but its getting caned at the moment, testing lows.
I wander if there are shorters taking positions at these levels???
What is the true support ?
But the trend is bad atm, and it may undershoot the real support level to pe5, which it was previosly holding.
if 1.50 ish is support at NPAT450???? is fear to undershoot that support level?
Will shorters have done these numbers and think its good for an undershoot to say 1.20??
I know thats not nice for longs, atm, but just trying to get a picture of what is happening.
cheers
market update, page-27
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