I think the bottom is somewhere around here, within 250 points for the all-ords.
The issue is how long it will bounce around these levels and how long it will take to start rising again. I think the rise when it comes will be on the back of a turnaround in sentiment/economic conditions in the US and will be rapid - maybe seeing some resource blues such as BHP gaining >20% over a week or so, and many quality small- and mid-caps doubling and more over only a few days to regain their true value.
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I think the bottom is somewhere around here, within 250 points...
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1 | 15 | 63.700 |
1 | 8 | 63.500 |
3 | 206 | 63.000 |
1 | 79 | 62.850 |
Price($) | Vol. | No. |
---|---|---|
64.760 | 228 | 1 |
64.800 | 30 | 1 |
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64.820 | 457 | 1 |
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