the markets will fall significantly on mon, why because of fear. Why now ?, well its beacuse Bear was telling everyone earlier last week they had no liquidity problems and had a liquidty "cushion". The financials here have been saying the same thing, the FEAR is that things can change drmatically here too.
The concern is also that another brokerage company in US could also be in trouble. It only takes a small whiff of trouble and you will have massive shorting and sp collapse as per BSC. Lehmann brothers earnings out this week, I feel this will be the most pivotal point. Any signs of worse then expected credit exposure or liquidity or confidence concerns with Lehmann, could see the next broker crash (Lehmann fell 14 % on FRI in US)
So yes, I have grave concerns for the ASX this week, technically and fundamentally. Watch BNB and MQG this week, they could set sig new lows.
market will bleed again on monday, page-19
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Last
$64.35 |
Change
0.220(0.34%) |
Mkt cap ! $12.47B | |||
| Open | High | Low | Value | Volume |
| $64.14 | $64.91 | $64.06 | $12.99M | 201.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 847 | $64.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.59 | 848 | 2 |
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| ASX (ASX) Chart |