Fall shaper, all round. Bulls were in loss of shape, loss of words, circular search.
No google, only Wobble.
The big picture is in a Range, short term is precarious. Fall looks impulse. Close near the vital area of 48200-300.
Next level of support 47900 that is the hope. Will this support cushion means fall somewhere else? PSU and Real Estate took the beating, FMCG bounce back. Discretionary going up means market is risk off, hiding for safety. This can percolate to the select IT. Watch for the same.
Australian Central Bank kept rates unchanged, BOC commentary, other data of less relevance. Markets negatives will consider, positives ignore.
Next phase of polling markets; would sense either side. Good part is decent correction before the final counting is actually healthy for the up move than otherwise.
Stick and Stuck to the Channell story. Stay there till it gives away. This Index is not as bearish as one would like to in the medium term. 47850-48550.
No google, only Wobble.
The big picture is in a Range, short term is precarious. Fall looks impulse. Close near the vital area of 48200-300.
Next level of support 47900 that is the hope. Will this support cushion means fall somewhere else? PSU and Real Estate took the beating, FMCG bounce back. Discretionary going up means market is risk off, hiding for safety. This can percolate to the select IT. Watch for the same.
Australian Central Bank kept rates unchanged, BOC commentary, other data of less relevance. Markets negatives will consider, positives ignore.
Next phase of polling markets; would sense either side. Good part is decent correction before the final counting is actually healthy for the up move than otherwise.
Stick and Stuck to the Channell story. Stay there till it gives away. This Index is not as bearish as one would like to in the medium term. 47850-48550.
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