re: gann bearish again - djia 15,000 soon? Phil
You think Asia would consume commodities (especially at current prices) if they can't sell products to the USA? What good is it to produce products if the major consumer does not buy? Can you answer that Phil?
If the USA goes into a recession so will Asia and so will Australia.
You completely underestimate the importance of the US economy and the US market in all this. It is the key. US falls it will be a domino effect.
I've said plenty of times as long as the Dow goes sideways the ASX benefits. But what started the bull market in Australia? Was it when USA started the 2nd gulf war and the Dow jumped like 400 points?
If the Dow falls so will the ASX. The ASX is driven by 7 stocks. How many of those are close to record highs? How many Dow components are close to record highs? An index driven by so few stocks is easy to manipulate.
You know our government is pumping this stockmarket right? Maybe you didn't.
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Last
$6.93 |
Change
-0.010(0.14%) |
Mkt cap ! $4.654B |
Open | High | Low | Value | Volume |
$6.89 | $6.95 | $6.89 | $4.667M | 674.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 2504 | $6.89 |
Sellers (Offers)
Price($) | Vol. | No. |
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$6.94 | 3 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 2504 | 6.890 |
1 | 1450 | 6.840 |
1 | 1176 | 6.800 |
1 | 1480 | 6.750 |
1 | 2242 | 6.690 |
Price($) | Vol. | No. |
---|---|---|
6.940 | 3 | 1 |
6.950 | 629 | 2 |
6.960 | 15117 | 2 |
6.980 | 1000 | 1 |
6.990 | 9092 | 8 |
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