Friday, 24 October 2014

Market update

Hi there,

Well, the Dow has been like a Yo Yo this week.

Down over a hundred, up a few, down 200, up 215. You want a heart attack, then trade there.

The ASX has climbed quite quickly really up to the 5400 and just over before settling back at 5399. Note the prcision of sticking to the 5400 mark. It went to 5404 and then down to 5399. Computers do what they are told.

Which way from here?  Who the fuck knows. It looked for a while like the ASX  was going to charge through, but no, back to the advised level. Now they spend the weekend working out which way to go. Yesterday was the biggest up day on the ASX for quite a while and up another 22 today.

From here, it's guessing time. and does depend on the DOW tonight..

My guess is the ASX dribbles down again and the DOW? My guess is it flies up and down for quite a while yet and you should wait uintil it stabilises. Until then/. Maybe don't look?

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