Broadway said:Every time australia has a bad day, the rest of the world just crumbles apart. I swear we are the centre of the financial universe lately!
Mousie said:Don't think they'll be that efficient to upgrade the system in just a few days given what happened beginning of March, so it can only mean fewer people are selling this time, and you know what that means...
Mousie said:You guys realise something?
Was expecting Comsec to be down intermittently at least, but nothing of that sort happened.
Don't think they'll be that efficient to upgrade the system in just a few days given what happened beginning of March, so it can only mean fewer people are selling this time, and you know what that means...
2 dead cats?? What do you mean? We've had the bounce to 6850 ish. Now it's going down....Atomic5 said:Are we seeing 2 dead cat bounces???!? You normally only get one before the market capitulates ???
kennas said:2 dead cats?? What do you mean? We've had the bounce to 6850 ish. Now it's going down....
Atomic5 said:None of the small cap stocks that I am watching are selling off. They dipped just after open and then regained and are holding.
Kauri said:Maybe a lot of the recent perma-bull punters are ignoring the drop, reasoning that it has just dropped and recovered once already, also having possibly bought/topped up at bargain prices. If we have another day or three going south..... the crowd may move???
noirua said:Australian Consumer Confidence rose to a 19 Month High, reported on Bloomberg.
The opening gap on the nikkei rarely has an impact on our market-it was obviously going to gap down this morning, no surprises there. However, when the nikkei turns intraday, we've been following of recent times. It was pointed out in the spi thread recently. This morning was no exception- the nikkei futs found resistance at 16775, then started heading lower, 10 minutes later, the spi went south with it, and lost 25 pts.Atomic5 said:None of the small cap stocks that I am watching are selling off. They dipped just after open and then regained and are holding.
Nikkei went to almost -500 just after open and the ASX didnt blink.
Hang Seng in 15 minutes. ?
My point is that there is usually only 1 dead cat bounce, but I'm getting the feeling we're going to see a lot of dead cats before any Chinese rates rise really kills this.
Just MHO- Please DYOR
nirama said:what rubbish are you talking about
at close of trade DOW Jones up 57 points......!!!!
The screen could be GREEN today.....
good luck to all...
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