The Australian S&P 200 index today confirmed the 4000 as the current support. The price does not seem to pull lower.
This might turn to be a positive development. Apparently, people agree that there are hard times ahead. How that affects the further price movements, hardly anyone seem to be saying anymore. Is everyone giving up and does that mean that we hit the bottom?
There is overnight action to be seen from Europe and US. Obviously nothing major expected but it will take time for situation to stabilize.
This might turn to be a positive development. Apparently, people agree that there are hard times ahead. How that affects the further price movements, hardly anyone seem to be saying anymore. Is everyone giving up and does that mean that we hit the bottom?
There is overnight action to be seen from Europe and US. Obviously nothing major expected but it will take time for situation to stabilize.
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