more nojin stuff fwiw, page-4

nojin bearish fwiw Index Outlook:

I'm bearish for the index - I'm definitely bearish.

I refer to industrials when I say that - NOT commodities.

I say that because I'm still bullish for copper, gold & oil.

In contrast, for the banks and others - I'm VERY bearish.

Others include insurance and retail.

Generally speaking, industrials are now VERY high risk.

For the ASX 200 - last: 4958.2 - the Key Level is 4890.

If 4890 fails the signal will be very bearish indeed.
Prior to that, 4890 marks a possible big picture buy zone.

In other words, I could be wrong.

For now, for big picture investors, all is still well.

However, if 4890 fails, a BIG sell signal will be triggered.