I agree, the strength on Thursday/Friday would have been institutional buying and bargain hunting.
Mum and dad investors exited long ago due to margin lending and mortgage stress selling.
I think we will see the usual overaction to the US fall on open and a rally into the afternoon.
monday mayhem, page-9
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |