Close 28th of February

The All Ordinaries closed down 2.45% or 148.1 points, matching the losses of China, US and Europe. Although IDL and EBI closed below our stop loss I'm inclined not to recommend any sells until we view the close of US market tonight, but EBI is a possible sell based on its close.

We noticed a lot of the ASX opportunities closed higher from the early sell off, with CHC the only stock closing higher than its open reaching an intraday high of $3.01.

There are bargains to be found in these market conditions that fit both a technical and fundamental strategy, but new positions should be made with caution as market conditions could show more volatility.

EVE is one stock that fits our criteria of entry recently pulling back to $.315 the recent high yesterday of $0.40.

Good luck to all over the next couple of days and please check out Trader Feeders post on what usually occurs in the US market after a 3% loss in one day.

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