tenacious thursday, page-11

I think we are a moment of truth here.

EW analysis makes it look like we are in the middle of a 3 of 3 down and potential crash point tonight or tomorrow night.

However, CMC Aussie200 has just reached the uptrend line back to 2003 on a log chart.

Most world markets have reached their 65 ma on weekly and that has been support since 2003 and a great guide before that.

So we either crash it here or have a bounce and then head down in a non crash mode.