XJO 0.13% 8,255.6 s&p/asx 200

saturday matinee, page-21

  1. 4,361 Posts.
    voltaire....tuesday was actually a typo. as i've previously posted, my next turn date is the 17th - which is monday but allow for +/- a day. i would like to think monday could be the low but i think it depends on how the u.s. opens on monday. i suspect any attempted rally will be sold into and most won't be convinced that the 1272 is the low until we see an exhaustion move that undercuts it.

    alternatively, if it doesn't happen next week, i suspect that this is not the LOW and we may see continued volatility and perhaps a lower low in april/may.

    based on the fundamentals, i still see no solution being presented by any govt / central bank, etc, that suggests the worse may be over.

    technically, the weekly and the monthyly charts still don't offer clarity imo. i don't know what to think at the moment.
 
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