Okay so.....That was done up about a month ago whilst the sp was up at around 1.93 It's now at around 1.65 here in late July.
As great as the prospects are here (rivalling Standard !).....there appears to be something "amiss" - perhaps requiring PATIENCE
WHY has that failed to materialize ?.....The markets' breadth has narrowed to where it's hugely just FAANMG stocks..... Can interest in the smaller caps be restored ?.....I dunno - It's kinda like pushing on a rope.
Anyways, this was 2 weeks ago - It's since drifted lower.....
Therefore we're just FORCED into down-grading our outlook into something which looks more like this ;
I know,......I know......You can call me a lunatic but I'm just sayin' what I sees
Perhaps this bloke's right - It's too early to ease off the gas... In which case ETMC (and most all Juniors) should BOUNCE ! but....
I suspect it's kind of a (diminishing) confidence game at this point or something or other - I dunno.
A GREAT amount depends on what Asia performs tonight !..... It needs to stop moving towards The Oval !
GOLD 1,800 ?.....We'll be watching that too !.....because it so represents the resource sector
Tokyo's up tonight by about 1pct - It's on extremely shakey ground
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