XJO - ASX200 a drop bears dream.
Crikey!
A long term take on the Index down under.
Undeniably having been in a multi decade bull market, technically, future times appear tougher.
Divergence in the overbought area of the wave oscillator, coupled with an ominous Doom spike back at the GFC March lows of 2009.
The father of finance, Fibonacci, projects a downside golden ratio target of 2016.
Conclusion - If you're long on Aussie stocks, ya stuffed mate! OI.
Crikey!
A long term take on the Index down under.
Undeniably having been in a multi decade bull market, technically, future times appear tougher.
Divergence in the overbought area of the wave oscillator, coupled with an ominous Doom spike back at the GFC March lows of 2009.
The father of finance, Fibonacci, projects a downside golden ratio target of 2016.
Conclusion - If you're long on Aussie stocks, ya stuffed mate! OI.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.