A good bounce for now

In the linked post below, I signalled that my various equity index targets were reached.

For the ASX 200, I was calling a retracement to 5,803. On that day (September 22, 2020) it traded to 5,763.

12 days onwards, the ASX 200 has risen 5% and it’s now trading at nearly 3 standard deviations above its daily mean.

It’s not a time to add to holdings today.

Be patient !


October 8, 2020
by Rob Zdravevski

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