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I would not just make the call just yet,some day traders i talk too think prior too the lead up too the "RED-HEADS" re election this market will drop into the 3400-3700 levels,unless the deal is done with several high end miners,if you have the cash backup short all the banks a 3 miners,"IMHO"on the ASX 80%OF THE MONEY MADE IS MADE BY 20%This is the buying opportunity everyone should be waiting for. It may also confirm that the worst is behind us if the March 2009 low isn't taken out.
I would not just make the call just yet,some day traders i talk too think prior too the lead up too the "RED-HEADS" re election this market will drop into the 3400-3700 levels,unless the deal is done with several high end miners,if you have the cash backup short all the banks a 3 miners,"IMHO"on the ASX 80%OF THE MONEY MADE IS MADE BY 20%
THE REST WILL GET BLOWN OUT THE BACK DOOR OVER THE NEXT FEW WEEKS..""IMHO"..WILLAIR..
BTW 48%OF ALL TOTAL ASX HOLDINGS ARE HELD BY SUPER FUNDS
5
Nothing wrong with the way Grossreal posts i can understand his post 100% and it pays to read everyone because i learn something ever time "GR"POSTS,myself i only went to grade 10 in a public school and English is not my best,but in simple terms the average difference between soap box forecasters with an interest to helping you invest yours or "OPM" is this a stand-alone day trader will have significantly less errors over a 12week span,or a soap box guru tells the 500 people in front of them toThat's worse than a Grossreal reply
Can you say again in plain english?
Nothing wrong with the way Grossreal posts i can understand his post 100% and it pays to read everyone because i learn something ever time "GR"POSTS,myself i only went to grade 10 in a public school and English is not my best,but in simple terms the average difference between soap box forecasters with an interest to helping you invest yours or "OPM" is this a stand-alone day trader will have significantly less errors over a 12week span,or a soap box guru tells the 500 people in front of them to
find 750k,spread it over several units holding like bhp-cba-highend volume equities and milk the div's cv and franking and hope in five years time the company is not belly-up ,if that's a plan good luck,imho we are in for a "ASX" freefall and my entry levels are set in the mid 3600's..imho..willair..
A guess would be we will see 3000 before 7000
Quite a few calling a head and shoulders on the S&P with the 1040 mark broken a move to 865 is likely...they could be right, but I particularly like the signals that this blog shows which indicates we are probably in oversold territory and due for a bounce (at least the US is):Not sure how low it will go. S&P 500 has closed at 1031 below it's 200 day moving average of 1040. Most technical analysts are predicting if S&P500 stays below 1040 for another session or two we could see it drop few more % for sure until the next support is reached. From memory it was around 980-985???
Dunno but I am out and I am staying out for a few years yet !
IMO the fat lady hasn't even began to warm up yet, the whole thing looks very, very shaky to me.
A guess would be we will see 3000 before 7000
I think we could definitely get to 3500.
Just make sure you don't wait too long before you jump in (If that is your intention).