Aims to anticipate market behavior by using a combination of Elliott Wave, Fibonacci and Technical analysis.
Monday, April 30, 2012
RBA to lower rates
The RBA will need to lower rates when they next meet now that the 90 day bill rate has fallen below the cash rate target. The 90 day rate is 4.08% versus the cash rate target of 4.25% and a 0.25% reduction is now justified.