NOT wrong, all AORDs fallen 1000pts. C wave started.
Aussie and Kiwis are in for a rough ride over 2015-18.
Why? Short answer China, long answer the over hyped property market which will revert to the mean, and that will hurt!
Latest AORD chart. The 1000pt drop is the start of wave C, true it wont all move in a straight line, but the top is in. Aussie share investor time to cash up, on on the next bounce if you get one!
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Here is the original chart…(posted March 2013)
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Investing Quote
...“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices break through the limit in either direction.”..
Jesse Livermore
..”The financial markets generally are unpredictable. So that one has to have different scenarios… The idea that you can actually predict what’s going to happen contradicts my way of looking at the market.”..
George Soros
…“To me, the ‘tape’ is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!”…
Martin Zweig
..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..
Bernard Baruch
..“If it’s obvious, it’s obviously wrong.”..
Joe Granville
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