ASX 0.73% $63.70 asx limited

Just saw on cnbc as im sure a few others, bill mclaren was on,...

  1. 69 Posts.
    Just saw on cnbc as im sure a few others, bill mclaren was on, and for the people who know him he is almost spot on every single time he does his reports.

    basically over next few weeks look for a pullback to around the 3600 level, give or take some.
    USA should have a bounce this week, and should atleast support our market for the short term, so any longs may look to exit.

    Also reading some reports out by cfd report, they are also pretty bearish on the market, there placing alot of short trades atm and all looking pretty reasonable with good reason.

    But at the moment look for a short term bounce, then the sell off to continue
 
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