i mentioned yesterday morning that the fed had a bunch of money maturing friday (yep.....i know, my message was so full of typos that it was barely comprehensable....but i was running late for work....well that's my story). it's also a long weekend in the u.s.....so not totally surprised that the u.s. market decided to dump all its earlier gains.
as per the post from one of our wise gurus... san felipe .....this chart suggests we may have bottomed (perhaps another spike down on open on tuesday and then rally.
http://www.marketswing.com/forum/attachment.php?attachmentid=6949&d=1200628194
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Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |