It's a classic double dump. I've always been advised against double dumping it's just too risky.
and, on a more serious note:
An interesting graph is the 1 year all ords with closing prices only. In Feb07 the lowest close was (about) 5640. In August the low close was (about) 5675. Last week the low close was 5675. We will close in that general range today. Whether we (XAO) will close much lower tomorrow is interesting. Will we (XAO) get below 5640? (obviously I'm trying to be bullish from here)
There is some serious redistribution of wealth going on. Some things are being sold for much less than their value. Their value depends on people's itchy trigger fingers. How fragile a world economy it seems we are living in. Where are the pro-globalisation lobbyists now? Let us hear their case.
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It's a classic double dump. I've always been advised against...
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