Hi Y'all,
Well, yesterday the ASX crashed through that 5400 barrier (no barrier at all yesterday) and ended at 5010 or near enough. Note it did not breach the 5000 barrier.
Alas last night we had a further 6% fall in China and the Dow followed suit. Our pundits were predicting we would lose 182 points today. In which case panic would be the main driver. I must say, again, never sell in panic, Never.
Looking at the market just now, guess what? It's actually gone UP over a hundred points to be about 5110 right now.
How can that be? Two heavyweight markets and every other market around the world go down by 4 - 8 % but ours goes UP about 2%?
I put it down to the auto computer buying and selling and have trusted in those figures for quite some time now. I bought yesterday, only a couple, including Woolies and yes, they did go up. I was sort of hoping it would go down again today so I could buy more but that would have meant totally unknown territory, less than 5000. This ain't over of course but a hopeful sign?
Well, yesterday the ASX crashed through that 5400 barrier (no barrier at all yesterday) and ended at 5010 or near enough. Note it did not breach the 5000 barrier.
Alas last night we had a further 6% fall in China and the Dow followed suit. Our pundits were predicting we would lose 182 points today. In which case panic would be the main driver. I must say, again, never sell in panic, Never.
Looking at the market just now, guess what? It's actually gone UP over a hundred points to be about 5110 right now.
How can that be? Two heavyweight markets and every other market around the world go down by 4 - 8 % but ours goes UP about 2%?
I put it down to the auto computer buying and selling and have trusted in those figures for quite some time now. I bought yesterday, only a couple, including Woolies and yes, they did go up. I was sort of hoping it would go down again today so I could buy more but that would have meant totally unknown territory, less than 5000. This ain't over of course but a hopeful sign?
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