Hi y'all
Over our short history of stocks traditionally if the Dow in the USA goes up or down which it does every day, the ASX, Australia, follows suit. Not always the same magtnitude of change but near enough.
Over the last month or two the Dow has been smashing record lewvels every other day, now at it's highest ever. Strangely the ASX has gone the other way, down.
I'm thinking the ASX will catch up and now is when it will do that, over a number of days. The Dow went up 154 last night and the ASX is already way behind . So it must go up very shortly to maintain the pattern.
Each market has problems at certain points in the daily score. The Dow couldn't go to 7000 but recently it has just sailed past that. In record territory and up big again today.
The ASX seems to have a problem around the 5400 mark and is currently stuck just under that level.
The market these days is driven automatically by computers. Someone will programme in to their systems to buy until a certain mark on the way up and sell at a certain point on the way down.
SO what you see in market change is often not inspired by anything other than a preprogrammed level or levels.
The ASX seems to have been stuck with negative outlook programmers. The market did whizz past 5400 for a few days but then had about a week of drops until it was back at 5400 again.
There's no way this disparity will persaist so I'm predicting the ASX must go up for a few days at least and maybe big, to match the Dow's continual gains.
Despite all this up movement the problem is that many companies are over valued so a rise isn't really justified on value. In the longer term both MUST go down, and maybe big time as value eventually does drive the market. In the short term simple greed drives it.
What you make of all that is up to you but my longer term plan is to sell out as soon as any stock is either in front or near enough. And hibernate for a while as the markets are like nature. What goes up....
Over our short history of stocks traditionally if the Dow in the USA goes up or down which it does every day, the ASX, Australia, follows suit. Not always the same magtnitude of change but near enough.
Over the last month or two the Dow has been smashing record lewvels every other day, now at it's highest ever. Strangely the ASX has gone the other way, down.
I'm thinking the ASX will catch up and now is when it will do that, over a number of days. The Dow went up 154 last night and the ASX is already way behind . So it must go up very shortly to maintain the pattern.
Each market has problems at certain points in the daily score. The Dow couldn't go to 7000 but recently it has just sailed past that. In record territory and up big again today.
The ASX seems to have a problem around the 5400 mark and is currently stuck just under that level.
The market these days is driven automatically by computers. Someone will programme in to their systems to buy until a certain mark on the way up and sell at a certain point on the way down.
SO what you see in market change is often not inspired by anything other than a preprogrammed level or levels.
The ASX seems to have been stuck with negative outlook programmers. The market did whizz past 5400 for a few days but then had about a week of drops until it was back at 5400 again.
There's no way this disparity will persaist so I'm predicting the ASX must go up for a few days at least and maybe big, to match the Dow's continual gains.
Despite all this up movement the problem is that many companies are over valued so a rise isn't really justified on value. In the longer term both MUST go down, and maybe big time as value eventually does drive the market. In the short term simple greed drives it.
What you make of all that is up to you but my longer term plan is to sell out as soon as any stock is either in front or near enough. And hibernate for a while as the markets are like nature. What goes up....
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