Australian (ASX) Stock Market Forum

Are we looking vulnerable today?

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29 June 2007
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Very low volume due to the holiday, but even so that was a strong rejection of todays high.

Dow futures look to be plunging and you couldn't say the strong gold price has exactly fired up aussie gold stocks.

I just closed the only two new positions opened this morning for a small loss and I reckon that's my lot for today.
 
Well, NCM's up 3.44% from Friday's close, but seeing as though it rallied 5% on Friday, i think it will correct back to $30-30.50.

But, i'm not Nostrodamis. Just thinking out loud really :rolleyes:

But, yeah, in terms of general market sentiment. I think you're right. There was a rejection today. But, NAB and ANZ report this week, as well as March GDP on Wednesday.

Damn, i should have taken that short out!
 
The markets are pretty jumpy at the moment - very volatile.

I think this pigflu thing is going to blow up Monday morning.

Futures are pointing to a 140 point drop - but asian markets are dropping.

I feel a bit of air is going to be taken out of the market.

Our market has dropped about 70 points in around an hour from midday.
 
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