"Does anyone think we are heading for a blow off top, in particular the resource sector?"
i know you guys are mainly into technical analysis
no problem there
but do you ever look at the the investment clock
i reckon we have just had a massive jump in the share price
so I would say we at 8 o'clock
due to government spending and lower than average interest rates (even though they are going up)...and perhaps money printing
the next shoe to fall is 9 o'clock
guess what that is?
rising commodity prices
but all depends on where you think we are on the clock of course
just remember super funds are underinvested at the moment too
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Last
8,737.2 |
Change
60.000(0.69%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,677.2 | 8,748.6 | 8,677.2 |
| XJO (ASX) Chart |