Morning Report Wednesday 30 September 2015
History repeats yet again!Good morningOverviewToday's report is deliberately short to focus on the specific opportunities arising.Over recent weeks we highlighted the 25 days of consolidation which the ASX200 experienced after its initial 600 point decline looking for repetition of this 25 day move from the more recent 800 point decline.. and history has repeated itself to the day! - see charts 1 & 2.The ASX200 has again traded in a corrective sideways pattern for 25 days prior to breaking to fresh quarterly lows with a vengeance yesterday.Investors have withdrawn funds from emerging markets at the fastest rate since the middle of the GFC with the MSCI Emerging Markets stock index falling 20% over the last 3 months as outright panic has set in.Turning to the Markets
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