Our resident trader has confirmed that the All Ords has experienced what he calls a "false breakout" from the top of a range it's been locked in for almost 16 months.
In simple terms: the market is now headed down.
Murray says this could be the beginning of the biggest downturn in Australian stocks since the crash of 2008–09.
In fact, he said on Wednesday "the technical set up [for a big market fall] is the most compelling that I have seen for a very long time."
Seems the only thing that will save you is if you subscribe and follow their picks. Well the bears believe their predictions for property, Sell all those shares and run, these guys are gurus.
