I know some of us just like to see what the charts wil tell us, but another reason for the Mid March low will be the fact that a lot of people who made profits in 2007/08 tax year will have to pay the tax to our friends at the ATO on, I think Mar 17, so they will need to do some selling to raise the $$$ they need. Of course in a years time, as we all have cap losses, this probably won't apply.
I suspect there will be a lot of selling end Feb to Mar 6.
CD
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