When will the downtrend end ?
Is this selling swing too overextended and ready for an upside retracement?.
Are we going to make new lows?
This are the questions that everyone is asking.
Is anyone willing to make a prediction ?
Personally I believe that we are going to make new lows.
I was of the opinion that delevereging was just about finished but that is not to be.
The strengh of the US dollar suggests that we are going lower.
thursday thoughts, page-7
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| XJO (ASX) Chart |