Hi y'all,
Those of you looking at or considering the stock market should think about this.
Several months ago I wrote a few posted about how the ASX is actually controlled by AUTOMATIC COMPUTER BUYING AND SELLING. AS WELL AS THAT THERE ARE CERTAIN LEVELS ABOVE WHICH IT NEEDS A BIG BOOST TO JUMP OVER AND LIKEWISE, A BIG CRASH TO GO DOWN THROUGH A BARRIER.
Sorry about the caps, no meaning there, just big fingers.
OK so certain levels cause computers to buy and to sell. Until redefined, of course.
At the time I wrote those posts I was talking about the upper barrier point of 5400 and the lower barrier point of 5000.
If you've been following you would have seen the ASX briefly nudge past 6000, only for a very short time. But, despite all the doom and gloom of China and Greece and many big falls the ASX currently sits at 5581. Note. Above the previous high barrier. It ii now the LOW barrier with 6000 being the HIGH barrier.
As such the indications are BUY. unless the 5400 is broken.
Those of you looking at or considering the stock market should think about this.
Several months ago I wrote a few posted about how the ASX is actually controlled by AUTOMATIC COMPUTER BUYING AND SELLING. AS WELL AS THAT THERE ARE CERTAIN LEVELS ABOVE WHICH IT NEEDS A BIG BOOST TO JUMP OVER AND LIKEWISE, A BIG CRASH TO GO DOWN THROUGH A BARRIER.
Sorry about the caps, no meaning there, just big fingers.
OK so certain levels cause computers to buy and to sell. Until redefined, of course.
At the time I wrote those posts I was talking about the upper barrier point of 5400 and the lower barrier point of 5000.
If you've been following you would have seen the ASX briefly nudge past 6000, only for a very short time. But, despite all the doom and gloom of China and Greece and many big falls the ASX currently sits at 5581. Note. Above the previous high barrier. It ii now the LOW barrier with 6000 being the HIGH barrier.
As such the indications are BUY. unless the 5400 is broken.
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