nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
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- 133
I'll take your word for it.
Its like comparing a night out with a country girl first time off the farm and a night on the rack with a nasty Dominatrix.
Both can be fun but totally different experiences.......
:whip
Which is a little odd given many stocks have already fallen below the lows of not just 2011 but of the 2008 March lows!!
Another bemusing thing is that, so far, REITS are being treated like safe havens.
most of the reit's have reduced their borrowing significantly since the gfc. Most don't have to refinance major debt for another 12-18 months or so.
The price falls make their yield and the p/e ratios even better.
With regards to the wash day, does this have to happen in the cash market or is there a chance this occurs overnight in the futures market?
If that's the case then is it possible it never shows up on a standard XJO chart, you would just see a big gap up?
Example:
ASX closes @ 4000 at 4.15pm.
SPI continues to trade down 100 points and gets to around 3900 through out the night then reverses hard and makes its way all the way back to close @ 4050
ASX opens the next day @ 4050 at 10.00am
Effectively the 'wash day' occurred but it wouldn't occur on the cash market charts, we would just see a gap up.
4105 - Buy! Seems rather late in the day for this. Who feels like it will rally to close?
Yeah, good point. you can go back and see that in 2008, not many gaps though, the SPI takes care of those quite effectively.
Many time you see the XAO close the day on the low, then open on that low (having gone much lower through the night) and recover much of the previous day. Obviously the overseas markets have had a wash.
CanOz
Doesn't even feel worse than July 2011 yet.
Looking for a intraday reversal before withering out like all good Fridays do.
I am long a few laggard golds at the moment.
Looks like 4047 to be tested Monday if DOW down again tonight.
That's pretty emphatic isn't it. Lots of fear there. Wonder how VIX is going.couldn't get more ugly...:007:
That's pretty emphatic isn't it. Lots of fear there. Wonder how VIX is going.
That's pretty emphatic isn't it. Lots of fear there. Wonder how VIX is going.
Up 7% to 26.2
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