Thursday, 16 October 2014

Update: free-fall or correction?

Too early to say whether this is a correction or the start of the fall that is bound to come, The free money fest provided by QE and long term low interest rates will end eventually . When it does there will be a big reevaluation of stock prices. Is that happening now? Still hard to tell.

What is interesting is that the support lines which I identified and put on yesterday's charts are holding the market slide for now. Watch out if they are broken.

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