Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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Strange that you now see the price action of the ASX as a capitulation NOW.
What was it yesterday afternoon?
 
LostMyShirt said:
I agree though, Gold just sits there. Though as long as people use it as an investment item there is going to be a demand for it, and the producers stand to profit from such a demand, like what we have now.
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Gold has never done anything but sitting there. That's been the case for what, 5000 years? What are the chances of that changing in our life time?

notting said:
China's evil gesture of friendship, which they have a history of voicing before they perform horrendous unspekable acts upon people, was quite eye brow raising yesterday.

The last thing China wants is a fix for Euroland. They intentionally created the problem in the first place!
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How did China intentionally cause the Euro debt crisis?

Uncle Festivus said:
You certainly have to be nimble. I think there could be a sizable rally going into the weekend, with a few proviso's
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Agree. If we get more positive rhetorics coming out of Germany and France, a few more rambling about BRIC support, and a few more hope-rally on QE3 by 21 Sept... it should last us to at least the end of the week...
 
RandR said:
Interesting couple of days ahead, after seeing the capitulation of the ASX200 yesterday afternoon it was quite perplexing to see europe (the dax especially) bounce.
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I was seeing reports that Greece was rushing through new austerity measures whilst all the media was reporting bucket loads of rubbish about imminent defaults it was unbelievable!!

Further, there were more Greeks on the streets protesting. However these particular protests looked more like Zombies walking along the streets rather than energized violent clashes.

Think about it.

It's not so enjoyable greezing yourself up and lying on a beach whilst your bank cannot give you any money for food and you are well freeking hungry!!
Let's all protest so that we have no food or social security tomorrow!!
"Yeah - Down with austerity measures down with Germany!!:mad:
Where's my free Souvlaki I'm 54 Goddammit!":confused:

Waiky waiky!!

I bought so much that I felt sick. Won't be holding for long.
 
It may just be someone playing funny games with the market depth indicator, But it looks like alot of the big names are going to have a decent kick up at opening, maybe up 100 points.

It is far from a reliable indicator though, we will have to wait and see.
 
Tysonboss1 said:
It may just be someone playing funny games with the market depth indicator, But it looks like alot of the big names are going to have a decent kick up at opening, maybe up 100 points.

It is far from a reliable indicator though, we will have to wait and see.
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September futures expiry today may explain some of it ;)
 
Tysonboss1 said:
It may just be someone playing funny games with the market depth indicator, But it looks like alot of the big names are going to have a decent kick up at opening, maybe up 100 points.

It is far from a reliable indicator though, we will have to wait and see.
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Futures is up 70 odd points from last night.
 
RandR said:
Im pretty confused by this post tech. :confused:

Yesterday afternoon the price action of the ASX 200 was clearly capitulating.
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Just looked like a down day to me.
Euroland having a reversal and a little on the DOW may have influenced your comment.
To me a capitulation is a last gasp thrust down.
Ive got no reason to believe that yesterday was that!
 
Thats amazing never seen that in 17 yrs.

For the last 30 min the range of the SPI has been a Tick 4098/4099
Volume is rubbish.
 
Some strength has come into the market across the board, Will it hold and follow through now is the question.
 
nomore4s said:
Some strength has come into the market across the board, Will it hold and follow through now is the question.
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50pts lower... there was really pretty good strength this morning but we are now looking at a flat day as optimistic outcome.

Let's see how HK opens after lunch...
 
skc said:
50pts lower... there was really pretty good strength this morning but we are now looking at a flat day as optimistic outcome.

Let's see how HK opens after lunch...
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Yeah I thought that strength would at least hold but it failed big time.

HK opened pretty weak, down around 100 points
 
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