ASX 200 prediction

[Darc Knight]

These 1.5% swings gotta be opportunity for some smart souls to make a bundle you'd think.

'S&P and Dow down again. Anyone betting on ASX?

 

[Nortorious]

I'm seeing a lot of $$$ head into Gold mining stocks which makes me think a drop is imminent (within a week or two).

My rationale is the market drops, investors rush to Gold, increasing demand and pushing the price up. As a result, gold miners become more profitable with the precious metal now being worth much more and the share price increases as a result of that knowledge.

Given the smart money appears to have shifted to Gold miners already, I feel it is a matter of time before we get a larger drop.

Whilst I never want the ASX200 to be heading downwards (a buoyant market is much more fun to talk about with others), I think it will be shifting down towards the 5407 level in the coming days and then to towards 5185.

Longer term (this year), we go below 5000.

 

[BlindSquirrel]

this next couple of months or so should be interesting!

 

[Dona Ferentes]

I predict the S&P ASX200 will go either up or down, tomorrow.

That's out of the way; today it passed 7000. First time. Media are full of it.

On 07 November, 2017, the ASX 200 crossed the 6000 point mark, and since then:
- CSL has risen 115.6 per cent, adding 277 points to the index, while
- BHP has advanced 68 per cent, adding 200 points.

Nearly half the gain from just 2 stocks; doesn't leave that much for contributions from the other 198 index components (actually 200+ because the makeup has changed in the last 3 years)

 

[Smurf1976]

Nearly half the gain from just 2 stocks; doesn't leave that much for contributions from the other 198 index components (actually 200+ because the makeup has changed in the last 3 years)

Indeed there's quite a few where you'd have lost significant money holding them over that period.

 

[Mohammed Hazabig'un]

Probably should wait till the Morning but unless the China Lockdown expectations grow overnight I'm thinking the XJO to lift tomorrow on the back of a small Rally in the U.S. tonight.