Australian Investment Blog

A number of subscribers have asked us to clarify our view and strategy going forward after being confused by our purchase of RIO and Fortescue (FMG) earlier in the week.

We apologise to those subscribers who have a clear understanding, but reaffirming our position across key markets never hurts in these volatile times.

After last nights 227 point rally in the Dow we believe the current correction is either complete or technically will make one final low, marginally beneath this week's low - see chart 1.

Short term we anticipate a further 300 point upside from the Dow's minimum in what is likely to be a choppy week ahead as the market has false pullbacks but continues higher.