How much RED for ASX 200 on Monday?

[bullmarket]

Re: How much RED for ASX200 on Monday?

I'm not convinced it's all doom n gloom yet looking at the weekly XJO chart.

It's too early for me to say whether this is the start of something more sinister....it may or may not be

One should try to keep in mind that we have been in a roaring bullmarket since Mar 2003 and so a correction will come at some stage as I and others have said in other threads.

The way I see it, XJO had support at ~5150 in early April, so the first thing I'll be watching is whether that level is retested soon.

If it is and it fails to hold then the next level of support I'd be looking at is the ~4800-5000 trading range of Jan/Feb this year.

cheers

bullmarket

 

[The Mint Man]

Re: How much RED for ASX200 on Monday?

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

How about...:scratch:
Rescue Me by the Rogue Traders

 

[3 veiws of a secret]

Re: How much RED for ASX200 on Monday?

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

How about ...............
1-God only knows ..... Beach Boys
2-Tell me why......Neil Young
3-Baggy Trousers .....or ....Night boat to Cairo......Madness
4-All Blues ....Miles Davis
5-ABC theme tune of Play School when they sing the intriguing lyric -"open wide come inside" ......... I just shake my head in disgust,and bury my face in my hands!
Let me outta here!

 

[justjohn]

Re: How much RED for ASX200 on Monday?

Wait until tomorrow - DRAGON Meltdown - AC/DC :band

 

[The Mint Man]

Re: How much RED for ASX200 on Monday?

along the same lines.....Silver Chair - Tomorrow
'ya gonna wait till fat boy '
'fat boy'
'wait till tomorrow'

 

[wayneL]

Re: How much RED for ASX200 on Monday?

Gee all these good songs! I am having a bout of nostalgia :

 

[Kipp]

Re: How much RED for ASX200 on Monday?

Sheesh, I'm glad a few of you can laugh at the days trading (probably all selling short!)... "kill me" by Adam Sandler was all that was running through my head!!!

I'd be happy if it only slips another 40pts tomorrow!

 

[jet-r]

Re: How much RED for ASX200 on Monday?

lets hope it wont be too bad tomorrow, as the fall today was already in anticipation of the resource correction. The biggest fall in AORD I can find on my chart in recent years is 2.1%.
Remember how we had a similar correction earlier this year? It was only about 1.2% down, only...............

 

[visual]

Re: How much RED for ASX200 on Monday?

doesnt look like tomorrow is a less bloody day,time for a transfusion
what the hell is going on here,sorry no songs,just at the moment.

 

[visual]

Re: How much RED for ASX200 on Monday?

yahoo finance ftse down 129
yahoo uk ftse down 59 ,why is that :swear: cant they even get that right?

 

[wayneL]

Re: How much RED for ASX200 on Monday?

SPI down 135 points for the day at the minute.... and looks like my monthly wage strategy will come max out on open of US markets... a month early... WOOOOHOOOO! (It's an option strategy)

PS sorry for getting overly excited, us bears have had little cheer about for a while

 

[visual]

Re: How much RED for ASX200 on Monday?

what

 

[BSD]

Re: How much RED for ASX200 on Monday?

Hills and RIO down 6% in London

Zinc down 12% and Copper 6%

Margin calls coming tomorrow, here come the forced sellers!

Many shares to gap below the 'tight stops'

Time for some newbies to feel some pain

 

[wayneL]

Re: How much RED for ASX200 on Monday?

yahoo finance ftse down 129
yahoo uk ftse down 59 ,why is that :swear: cant they even get that right?

Visual I have the FTSE futures down about 67 ATM

 

[visual]

Re: How much RED for ASX200 on Monday?

well what the hell happened to the banks being a safety haven for these times

 

[visual]

Re: How much RED for ASX200 on Monday?

Wayne go to yahoo finance australia,then go to the uk ireland site and you`ll see what I mean

 

[BSD]

Re: How much RED for ASX200 on Monday?

The banks have already recieved all the non-resource money for the last three months as the rest of the industrials got over-priced.

Banks are now overpriced at 4.5% yields and PEs above 15

As rates rise, the PE needs to fall and the yields need to rise above 5.5%

Why buy banks with limited growth and a yield below 5% when you can lend to the government for 5.5% risk free?

 

[wayneL]

Re: How much RED for ASX200 on Monday?

Why buy banks with limited growth and a yield below 5% when you can lend to the government for 5.5% risk free?

.....and rising :

 

[BSD]

Re: How much RED for ASX200 on Monday?

Indeed

Not good for growing lending volumes or margins on loans

 

[visual]

Re: How much RED for ASX200 on Monday?

BSD,having missed the resourses companies or got out early ,banks I thought meant safety,
but I suppose these are the days when technical knowledge outstrips reading the papers or whatever,never mind,
Had a bit of money thought I`d put it somewhere safe now this happened ,missed it by that much,hahaha