Chart Update, page-559

But as far as the ‘whisky tango foxtrot’ general market goes I wondered if there is any use in putting on a contrarian set of rose coloured spectacles ;
ie: Do we have to go to market hell just yet? ....despite what Mr Wilson and everyone else predicts ...?
Maybe it’s simply there in the technicals and I know when Wall Street says “ jump” global markets ask how high .....

But (despite companies crashing left right and centre) we are supposed to be having an infrastructure boom right now!
And I finally signed up to a newspaper which means I now get spammed by The Australian but I looked at one of the stories it sent this morning and it said this https://www.theaustralian.com.au/news/world/foreign-minister-marise-payne-to-visit-beijing-on-thursday/news-story/04247c96bedcf7dc9e95ac24751b6dc8?utm_source=The Australian&utm_medium=email&utm_campaign=editorial&utm_content=TodaySHeadlines
Foreign Minister Marise Payne to visit Beijing on Thursday....

“Thawed diplomatic relations ..”
“First visit in three years”
..”marks a major upturn in Australia-China relations after more than a year of tensions that sparked fears they could harm Australia’s $150 billion-a-year trade with the world’s second-largest economy.”
“They have reached an important consensus that the two countries should deepen co-operation and promote relations based on mutual respect, equality and mutual benefit,” she said.

Followed by
....”It is our sincere commitment to open the Chinese market,” Mr Xi said in a speech to a VIP audience that included Russian Prime Minister Dmitry Medvedev and Australian Trade Minister Simon Birmingham.
“China’s door will never be closed, it will only open still wider,” he said. “China will not stop its efforts to have a higher quality opening up.”
Mr Xi announced a package of measures designed to boost imports, including reducing tariffs, boosting e-commerce, streamlining Customs processing, and encouraging foreign investment in education, healthcare and medical services.
He said China would be importing $40 billion worth of goods and services over the next 15 years...”
........


So ...‘a higher quality opening up’ has got to be good right? For Australia?
Whether China ultimately intends to reduce us to a third world wasteland after gorging itself on our meat, milk and minerals I don’t know, but I do read the comments above as it saying “I’m there for you”
...Loud and clear .
So why are we destined to have an economic recession?

Anyway overall as a potential love story it’s a bit ‘Romeo and Juliet’ , and I understand politics less than charts despite recent (lithium-induced) interest in global financial machinations.

...Anyway, as per what I wrote at the start I know Mr Wilson et al are saying the market is top heavy and that US equities are about to collapse but why does Australia have to follow ?
And if companies are going into liquidation all over the place here - which they are- aren’t we already collapsed?
And where does NRW stand in all this?
A while back I compared current statistics with 2012 and this company is cheap as chips at current prices .

Please feel free to enlighten my thinking whoever you are out there .
Cheers.