XAO 0.50% 6,844.6 all ordinaries

Chart says LONG ... , page-6

  1. 9,485 Posts.
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    Morn Spunky , at least i called it right . Shame i didnt trade it right. Read below. ge
    ps; instead of saying !! shaping up to retest 3130 why not give us some figures ??

    Subject re: ***exit all positions today*** ( 6 reads - 0 replies )
    Posted 21/06/02 12:26
    Member gse1963

    Support for XAO comes in at 3130 . Quite possible to hit this next week . Look for a bounce off this figure and then who knows .
    Defensive stocks which are at a good pe and yield will remain in favour .
    The worst case scenario is the final capitulation which may happen will leave us all unwell and in war as some have suggested .
    This is not my prefered choice but with many farmers starting to feel the pinch our golden run must come to an end one day .
    So far we have survived Russian crisis, Asian crisis, y2k, Nasdaq crash and some of the biggest corporate collapses in history . Witness Kmart USA , ansett, pasminco , enron , HIH, HARRIS SCARFE and the others .
    It might not be over yet.
    cheers ge
    ps; I'm long and wrong.
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