Still Heading Down

Back on March 16 with ASX200 on 4217 I said it was going lower and both the trust and super fund have held off buying Australian equities.

Check out today 29 March

S&P ASX 200

^AXJO

4:07pm

4,095.600

-40.900

-0.99%

Represents a 3% decline in under two weeks.
ASX200 has now passed through its 50 day MA, which was at 4155.
This is the first breach of 50 day in eight months.