The ASX 200 is testing primary support at 3980/4000. Failure would confirm the primary down-trend signaled by downward breakout from the large ascending triangle (August to May) and reversal of 63-Day Twiggs Momentum below zero. Declining 13-week Twiggs Money Flow (below zero) indicates strong selling pressure.
There is almost now 3 years of buying out of the money. The big end of town has been selling the retail buyer their stocks and moving to cash and select bonds. As shown countless times before they will buy dirt cheap again just like they did in 2009 at the bottom. Buy and hold has become such a farce on a broad scale.
The BIG end of town? I’m. not a big player, and I sold every stock I had 3 months ago, – and put my funds in Term Deposits when the rate was up at 5.9%.
Ya don’t have to be ‘big’ to see writing when it’s on the wall..
iDecimus, it sounds like you go thru life looking for other people to blame for your own wrong decisions.
The Big End of town forced you to buy into a falling market,- HOW? Because they **gulp** SOLD their own stocks when they started going bad?