10-15% down from Nov 21 low is coming. There is absoultely no more news that is powerful enough to revive any market around the world.
The only chance for a rebounce is to let stock have a free fall to preceived support level before both technical and fundamental buyers come back.
I guess this time we don't need capitulation, we don't need big volume, just slow and steady dying.
Mid to end of March might be the end of the decline.
mondayitis trading, page-82
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Last
8,031.6 |
Change
21.100(0.26%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,010.5 | 8,039.7 | 8,010.5 |
| XJO (ASX) Chart |