tinhat
Pocket Calculator Operator
- Joined
- 1 May 2009
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Higher lows. The volatility alone is still shaking out small investors who can't stand the volatility any longer.
In a way it would be nice to have say 5 days of 300 point drops in a row to clear the cobwebs, because the slow draw down is harder to bear. The market is like a cancer patient, doctors keeping it just healthy enough to live, but the inevitable is happening slowly, slowly. Struggle all you like! Won't make a shred of difference!
Higher lows. The volatility alone is still shaking out small investors who can't stand the volatility any longer.
Higher lows. The volatility alone is still shaking out small investors who can't stand the volatility any longer.
The DJIA is double the low of March 2009 which I would think, considering the resource/construction boom we are experiencing, would have the XAO up around 6000 points. Instead the XAO languishes in the low 4000's. Damn frustrating hey. Maybe on the other side of this is a steep rise for stocks?
Yes there was definitely divergence chart wise from about August 2010 and about September 2010 was when the AUD/USD broke out above 94 cents. (yellow line)Comparing DJIA to XAO is a little apples and oranges imho, but regardless it's plain the strong AUD against our trading partner currencies is causing stress for non-resource stocks. I've heard the turn of phrase "strong local currency isn't good for industrial stocks" more than once and it appears to be playing out here.
Comparing DJIA to XAO is a little apples and oranges imho, but regardless it's plain the strong AUD against our trading partner currencies is causing stress for non-resource stocks. I've heard the turn of phrase "strong local currency isn't good for industrial stocks" more than once and it appears to be playing out here.
Just for fun, here is a 5y logscale weekly DJIA priced in AUD.
View attachment 45747
Anyone know what that 25 point spike down after 3pm was? Error in data?
Only showing on the XAO chart but not the XJO.
Looks like bad data.
Australia's own flash crash hey.BTW, it showed on the XJO chart in Commsec's IRESS too.
I also noticed spikes all day on the 1min chart, which looked quite unusual.
Now I see S&P are probing ASX about the plunge...
Cheers,
Australia's own flash crash hey.
Was there many trading consequences? Did SPI futures dip too? What about XJO options? People with CFD positions get stopped out?
Australia's own flash crash hey.
Was there many trading consequences? Did SPI futures dip too? What about XJO options? People with CFD positions get stopped out?
Actually I was watching 2 XJO option issues, and while spikes or the 25-point plunge showed clearly on the chart, there was absolutely no movement at that time in the pricing offered by the market makers, which makes me think that they would either not see the spikes or deliberately chose not to react (as anyone realizes, market makers change prices in real-time, before a movement is seen on the chart that lags by a few seconds at least...)
Boom........... deal done.
So buy or sell the fact?!
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