Hi again,
The US Dow Jones has been so arratic the last week you'd be having a heart attack every 2nd day if you had bought recently.
Yesterday it weent up and was the BEST day for stocks of 2014.
Today, at this moment, it is down 300 points, the WORST day of the year.
Nothing explains that and it feels to me that it is just panic setting in and quick profits being taken within a day. By the bigger players. Which leaves the bulk in misery as buying and selling quickly is not really possible as quickly as the computers which process orders so fast. STAY OUT for now.
Yesterday the Aussie ASX had a good day and bounced back to 5290 and was looking like the 5400 mark was on target again. But, with today's Dow plunge how could one guess what it will do with any confidence. I'd guuess it will drop back. A 300 point drop on the DOW is too much to bet against so I say the ASX will tumble. Lately though I've noticed that the ASX tumbles first thing but has almost recovered by the end of the day. Today? Who knows, I don't. But I'm just watching, no money moving for me.
The US Dow Jones has been so arratic the last week you'd be having a heart attack every 2nd day if you had bought recently.
Yesterday it weent up and was the BEST day for stocks of 2014.
Today, at this moment, it is down 300 points, the WORST day of the year.
Nothing explains that and it feels to me that it is just panic setting in and quick profits being taken within a day. By the bigger players. Which leaves the bulk in misery as buying and selling quickly is not really possible as quickly as the computers which process orders so fast. STAY OUT for now.
Yesterday the Aussie ASX had a good day and bounced back to 5290 and was looking like the 5400 mark was on target again. But, with today's Dow plunge how could one guess what it will do with any confidence. I'd guuess it will drop back. A 300 point drop on the DOW is too much to bet against so I say the ASX will tumble. Lately though I've noticed that the ASX tumbles first thing but has almost recovered by the end of the day. Today? Who knows, I don't. But I'm just watching, no money moving for me.
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