Its not a bottom. It is a dead cat bounce. Learn the difference between the two. Markets go up and down you know. We were oversold a little so a bounce was imminent. Like I have been posting. But don't confuse that with being the bottom. Because it is not. CBA will at some point break $70 and test $45. When I have no idea. In the interim. I will just look to short the rallies. Right now I am not short or long. But waiting on the sidelines to pounce on new short positions. Strong sell the rallies.
CBA Price at posting:
$73.94 Sentiment: Sell Disclosure: Not Held
(20min delay)