ASX 1.58% $64.41 asx limited

warning the crash is upon us, page-27

  1. 1,364 Posts.
    Now why would I want to get the gloves off.

    You have been waiting a long time for your moment of Glory.

    Unfortunately for you the market has been up to 6800 and back in this time.

    The difference between last time - where you showed us all your charts with the ASX falling from 5500 down to the floor somewhere - is that now everyone is singing the same tune not just you.

    The selling now is not Chart based or fundamental based. Its just fear based. The worst kind of action.

    Why would the carnage stop at 1100 points further down. A fear lead retreat to 4500 or so would happen in a heart beat, but why would it stop there. It's not going to go there on fundamentals so why would it stop there.

    When all sense goes out the window - so do the charts

    Even you would have to admit, this retreat has not happened like you would have expected. A few up days and more savage down days allows punters to sell into rallys. So no rallys, no profits, no money to stop the Rotten Tomatoes.
 
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