banks

  1. 1,383 Posts.
    The banks in my opinion are getting near the bottom of their great decline. Kind of odd that they should be bottoming just as what the market has been afraid of - an interest hike - has come to pass - but that's the market for you.

    Kind of odd also that I have shorted NAB for the first time in a two year decline - but that's me for you, always trading the end of a move, since that's the only time you can see where things are going. By the look of it, 28.50 is NAB bottom - it's wave end, bottom of the channel, and a support area.
 
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