Hey there,
Following the insane night of variation on the USA 2 nights back the ASX was expected to be bad news. And it was, initially with stocks showing a drop of over 60 points early.
During the day though, this reversed and the ASX actually finished 6 points up. Another worrying day.
Overnight on the DOW stocks dropped only 25 points. The headline above that report says:
"Time to shop for cheap stocks till you drop". The Dow is just above 16000 so that would be a trigger for computer programmes to buy. Same as the levels I've mentioned for the ASX which is now close to 5250. Still no real sign which way that is going either, to me.
Hmmmm. Somebody is confident and they may be right. But I see nothing to back that confidence up. The ASX today? Who knows?
I'll certainly be sitting and watching. No good signs to me as yet.
Following the insane night of variation on the USA 2 nights back the ASX was expected to be bad news. And it was, initially with stocks showing a drop of over 60 points early.
During the day though, this reversed and the ASX actually finished 6 points up. Another worrying day.
Overnight on the DOW stocks dropped only 25 points. The headline above that report says:
"Time to shop for cheap stocks till you drop". The Dow is just above 16000 so that would be a trigger for computer programmes to buy. Same as the levels I've mentioned for the ASX which is now close to 5250. Still no real sign which way that is going either, to me.
Hmmmm. Somebody is confident and they may be right. But I see nothing to back that confidence up. The ASX today? Who knows?
I'll certainly be sitting and watching. No good signs to me as yet.
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