Down 45 tomorrow?
We are not going to have confirmation of the current move up until volume returns.
Brilliant is right. Though this doesn't quite compare to my call on SDL (which you can find on the XAO analysis thread). You're learning tech/a.
Bit of divergence is the US and sharp down move overnight. Russell 2000 got killed. Beginning of a correction?
US stocks fall most in almost 6 months -January 29, 2011
http://www.smh.com.au/business/markets/us-stocks-fall-most-in-almost-6-months-20110129-1a8of.html
'...Developments in the Middle East could be a trigger for investors to sell at a time when many expected a correction after a market rally of about 18 per cent since September.
"I think the next two to three weeks, the crisis in Egypt and potentially across the Middle East, might be an excuse for a big selloff of 5 to 10 per cent," said Keith Wirtz, president and chief investment officer at Fifth Third Asset Management in Cincinnati, Ohio...'
Alot of people want a 5-10% correction to make another long term entry.
Thats why it wont happen. 1-2% maybe but there will be too much buying for it to be very deep.
Nothing seems to be spooking them.
Wont be long now then!
Wont be long now then!
Suggesting this is the final leg higher?
Perhaps it is the final leg higher; but then people have been calling for a retracement for quite some time. If floods, cyclones and unrest in Egypt don't spook the market; what will it take? What will be the event to cause the long awaited correction?
Fun game this trading
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