Why we follow the DOW , has me beat , our economy is in way better shape, the AU dollar is in great condition , and we are looking at being on the other side of recession, and all the news out of Canberra is fantastic, yet we stupidly follow the DOW.
We chased it up and now we will follow it down , it's so true it is our sheep mentality.
The chart on the XAO, shows where we climbed to in a short time and why human emotion, brings us back to the 38.2 FIB, till we can regroup and move again !!!
CNP Price at posting:
29.5¢ Sentiment: ST Buy Disclosure: Held