Yes a very strong close to the SPI, kennaskennas said:Where to from here Bronte?
I'm thinking 10% correction back to 5450 ish support.
Haven't posted one of these charts for a while.Bronte said:6000
:band :guitar:
kennas said:Where to from here Bronte?
I'm thinking 10% correction back to 5450 ish support.
Well our Big number 6000 has been well & truly tested this AM:Bronte said:Yes a very strong close to the SPI, kennas
ASX 200 finished on its High 6017.1 +65.3
We are certainly expecting a breather soon.
Nice to see 6000
LOL. I should change the avatar back to a bear perhaps. Yep, it'll probably bounce at 5700, but it seems to be moving just too far away from the long term average. On the other foot, with the amount of liquidity out there, baby boomers cashing in their houses for shares, and the future fund splashing 14 bil in there, perhaps it'll just keep going....CanOz said:Holly smokes Kennas! What on earth makes you think that a correction will be that deep? Surely 5700 would offer some support?
Kennas you bear!
hadn't thought about that(maybe in the near future when I get a bit more experience trading this beast I'll start a new thread)- currently pretty happy polluting this one with my off topic ramblings!Edwood said:good boy! I saw it was down earlier. trust Ali-Greenspan to get the markets moving
so are you gonna create an Asian fred?
Don't have access to Shanghai, but the Hong Kong H shares are getting flogged- down 1.95% in the morning session. Futs on the H-shares off 2.45%. Can't imagine Shanghai is doing too wellCanOz said:Can any of you guys tell me what the Shanghai Comp is doing?
professor_frink said:Don't have access to Shanghai, but the Hong Kong H shares are getting flogged- down 1.95% in the morning session. Futs on the H-shares off 2.45%. Can't imagine Shanghai is doing too well
On the dailies we look way overextended at the moment. I think there is a bit of data coming out of the U.S tonight(not quite sure-haven't checked yet). The Dow has been slowly losing steam for a little while now, so a set of bad numbers that causes any kind of selloff could mean we are in for a bumpy ride over the next few weeks. And it's not like the rest of Asia is providing much of a good lead for us to follow right now either.CanOz said:Prof,
That was quite a sell off on the XAO and XJO this arvo, whats your call on the SPI open tomorrow?
Cheers,
professor_frink said:On the dailies we look way overextended at the moment. I think there is a bit of data coming out of the U.S tonight(not quite sure-haven't checked yet). The Dow has been slowly losing steam for a little while now, so a set of bad numbers that causes any kind of selloff could mean we are in for a bumpy ride over the next few weeks. And it's not like the rest of Asia is providing much of a good lead for us to follow right now either.
For the Intraday moves - most of my big trades are coming from the short side. Dunno if there is something in that or not
There's my bearish
Now all everyone has to do is sit back and wait for the rally to start
Be warned- I was getting pretty bearish early April last year, a good 4 weeks ahead of schedule!CanOz said:Thanks for that Prof...i was watching the whole thing unfold and i liquidated everything before the close...i hope i didn' jump the gun.
I think its quite exciting, all cashed up and ready to go.
Cheers,
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