XSO 0.13% 3,138.7 s&p/asx small ordinaries

"my interest here is our market on the asx which depends on...

  1. 3,680 Posts.
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    "my interest here is our market on the asx which depends on commods the biggest factor is us rate cycle aided by china stimulus as needed "

    Absolutely my interest too cha just I get a bit interested in what is mostly useless but a hobby anyway.

    MIN for example I posted at the time it had an extreme 5 day rate of change to the downside not seen since the GFC it is now up over 50%

    This is a real hammer down to me as it is an extreme people are throwing the baby and bath water out.

    Doesn't mean a new bull but it was going to move anyway after real panic selling/ capitulation.

    CHN kept going down after a 30 % down week last September- does not always work.

    September 22 bear market rally of 100% after a similar pattern forming now.

    It has now maybe put in a double bottom with extreme upside weekly rate of change.

    CHN bear view is in Log mode. PA palladium futures need to watch also.

    BHP I cant see a decent hammer yet. Funny how BHP and RIO not panicked by iron ore knowing about stimulus though ?

    WDS still don't like chart pattern no hammer down yet like 2020 of 2008 something like KAR backing my view ?

    People still buying JNK bonds and financial conditions still very loose.
 
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