be bloody careful, page-22

buddfox

what's the difference between Oxiana's chart, BHP's chart, the chart of XAO, XJO, CBA, NAB, PDN, LHG, any metal....and countless other stocks.

Logic would be if people were happy to take profit yesterday then they'd be even happier to take profit 5% up from yesterday....especially with the market going up every day. The market can only put on 100 points every week until it crashes.
But the mindset is now if a stock retraces 4% it's very cheap and a buy. heck 4% is generous, banks only retrace 1% max before being a buy.

It'd take a brave man betting against this market at the moment