The ASX 200 was trampled Monday by the stampeding herd, reaching its medium-term target of 4000* in 4 days. There are no signs of a retracement so far. This could even re-test the 2009 low of 3200 in the next few weeks.
* Target calculation: 4500 – ( 5000 – 4500 ) = 4000
Love the new format and thank for all the work!