"the all ords has moved down a little further to be at the bottom of the its upward trending trading band ".
did I say that ?? ... think that I was giving it some slack, the all ords had actually moved a small amount below the trading band, and now with todays strong drop imo it is now in downward trend....... I think Russia's escalating involvement in the Ukraine is now genuinely worrying the markets..
I have now capitulated on the last three of the banks that I was holding ......... news on the number of new loans did not help their plight today either.......
if you are into drawing lines on charts there is a resistant level for the all ords of 5360 which also coincides with the bottom of a twelve month trading band overlaid onto the chart.......
for me - to consider a total turn around (assuming the markets will continue down) ???? - a number of my remaining longs are doing okay or are at least holding....... even today most of the retailers are now moving down - thats a balancer for me,
and of course, there will be no holding flem and jongo down today .....
