ETC entertainment media & telecoms corporation limited

Re:low points ..Let's not forget there was a low point prior to...

  1. 2,738 Posts.
    Re:low points ..

    Let's not forget there was a low point prior to March that everyone saw as the low point ..
    So it's feasible the market could start to Decline heavily again around mid September - October to retest that March low.

    the real unemployment in the USA would probably be about 5% higher around October than it was back in March and be approaching 15% plus and rising .. way above the 10% mark the US publishes and wants us to swallow..

    There is a primary wave down leg due after Wave B up finishes - and just as the last primary down wave (A down)produced the March decline, the primary wave "C" down could produce an equally severe low point .. maybe lower.

    anyway ETC would be well placed in my opinion as it has contracts and secure revenues and the AUD could also collapse work in its favour.

 
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