in my opinion we are setting up for another correction to the downside in the order of around 25% drop, plus or minus,
this will occur in the next few weeks, remember that late September early October every year is a psychological barrier for the market based on fear of the past,
our market is over bought atm, so needs a purge, and the profits will start to be taken at some key trigger points, wont take up your time with the key trigger points at this time,
anyway, interest rates are categorically coming down, no ifs or buts, they will be coming down to at least 2%,
in the mean time, you might as well factor into your budget $2.00 a liter fuel for your car, no im not joking,
that's one of the reasons interest rates will be coming down, thanks to Aussie dollar bla, bla bla,
fuel going up is in effect an interest rate rise,
fuel prices going up eats into every single drivers weekly budget,
a lot of the nine to fivers will be spewing at how much less there weekly pay packet is at the end of the week, that means far less disposable income, bla bla bla, you know the deal, anyway,
property market will keep going up, despite what you and every one is reading in the toilet paper, property is the place to be at the moment,
the building industry is going gang busters but no ones telling you, the truth anyway,
go jump in the car with your missus and kids and go for a drive around all the sub divisions on this weekend, you can get a list of these out of the property section in the toilet paper,
have you heard yet of any tradies being unemployed, no i haven't either, that tells me some one is telling porkies,
safe place to be in my opinion is some of the building industry stocks, the building industry has to be supplying materials for all this building, can they be lying , possible, but i don't think so,
unemployment is starting to creep higher, despite some of the numbers coming out, full time jobs are being lost and part time jobs are being created, well they have to don't they, if you cant get a full time job then you have to take a part time job, you gotta pay the bills don't you, beggars cant be choosers when the rents due and the kids are hungry,
start setting things up for the next up swing going into xmas, market always goes up before xmas, its not different this time, same thing habits are hard to break,
i will get out of the market in the next few weeks and sit on my hands ready for the next rally to set up in late October,
hope this is what you were asking, its my opinion on what im seeing in the charts, not giving you financial advice either,
all the best and enjoy your drive on the weekend, its going to be pouring with rain, lol.
looks like the steam is starting to come out of the DOW, well be down for sure today, a few of the darlings im following should be up, no guarantees of course,
