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Saturday, 23 November 2013

Australia ASX All Ord Index: 23 November 2013, Saturday, 11.20am Singapore Time

Australia ASX All Ord Index: 23 November 2013, Saturday, 11.20am Singapore Time
Chart Courtesy of Chartnexus

Australia ASX All Ord Index:

There are now clearly more efforts spent in shorting by the Big Hands, Smart Money and Market Movers worldwide. And when efforts come, especially if it is determined effort, the results (hammering) will come too.

The depth of this current selling worldwide will reveal if the December 2012 money-escape from Aussie Financial Markets was to be a valid and significant warning for 2013 and 2014.

Donovan Norfolk Ang Rating:
Bearish at the current high point until I turn bullish for reversal again. 
Expect the wash-out (sell-down climax).

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