How much RED for ASX 200 on Monday?

tech/a said:

Have you any studies to back this.
Its my view that this is one of those bandied "trueisms"
that has no proven credibility.
There are many in this industry.

Unless you're a daytrader or very short term trader perfect timing generally has little influence on the end result.
Certainly selling into opening auctions is a great way to pick up a high or close to it for the day.

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Prospector said:

always hate Mondays anyway

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mit said:

I have actually . Enough to know not to wait until just before four to buy (unless the market seems to be very undersold) as the price will quite often retrace back. You don't see it in daily bars as the close auction may make the high for the day.

MIT

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happytrader said:

I'm with Mit on this one too. I have 5 years worth on bluechips actually. But don't just believe me, pull out your hourly intraday charts and take a good look.

Cheers
Happytrader

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GreatPig said:

Hmm... perhaps we could start a list of today's top songs (these are not all actual titles):

- Tell me why I don't like Mondays

- I see red

- What goes up, must come down

- I get knocked down, I get up again

- Slip sliding away

- Down down deeper and down

What else...

GP

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Originally Posted by GreatPig
Hmm... perhaps we could start a list of today's top songs (these are not all actual titles):

- Tell me why I don't like Mondays

- I see red

- What goes up, must come down

- I get knocked down, I get up again

- Slip sliding away

- Down down deeper and down

What else...

GP

Click to expand...

GreatPig said:

Hmm... perhaps we could start a list of today's top songs (these are not all actual titles):

- Tell me why I don't like Mondays

- I see red

- What goes up, must come down

- I get knocked down, I get up again

- Slip sliding away

- Down down deeper and down

What else...

GP

Click to expand...

happytrader said:

WBC is going exdividend on June 1 which is 13 trading days time. It has a payout of 56c. I note the stock is down nearly 6% or $23.82 from its $25.35 high.

Low risk time to buy around this level imho before the exdividend greed run.

Cheers
Happytrader

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GreatPig said:

Hmm... perhaps we could start a list of today's top songs (these are not all actual titles):

- Tell me why I don't like Mondays

- I see red

- What goes up, must come down

- I get knocked down, I get up again

- Slip sliding away

- Down down deeper and down

What else...

GP

Click to expand...