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World Stock Markets Trading Discussion - Cancerous cascade

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All Ords 5-day chart




Things went from bad to worse for All Ords.  The index closed -1% with all sectors down led by Energy -3.2%, Utilities -1.9% and Telecomms  -1.3%.

A similar story in Asia:  China -2.3%, Hong Kong -3.1%, Japan -2.7%, India currently -1%.

UK/Europe following the general trend: FTSE -1%, DAX -2.2% and CAC -1.4%.









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"any rally that fails to clear resistance in the 2817 area would be a sign that the 6 month cycle up phase would merely be a consolidation in a new bear market. Conversely a drop below 2700, and particularly 2690, could ignite a crash."


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The October 11 low was 2710.50. They'll probably take it out and then bring it back. Crash will have to wait till this afternoon.  

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