The ASX200 is set to open up around +100-points this morning following a strong session on Wall Street which saw the Dow rally over 7500-points. Yesterday’s dip by local stocks which tested this year’s 6400 lows may have been the final washout which would be ironic as it occurred on a Public Holiday for most of Australia but either way MM believes the market is looking for / has found a low and we will be higher into Christmas.
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