Gee.... for technical analysts we do tend to place undue emphasis on these fundamental job reports, don't we?
Time and time again I see markets correcting/advancing NOT on the news, but because it was time to. Because a doouble top had been hit....or a critical fib retracement...or a critical moving average...because of the expiration of time.
Not, dare I say, because of some Gulf of Mexico oil spill or capping of the same, or company report, or super profit tax or weak/strong retail figures, job numbers and the myriad of conflicting news stories which leap out every day.
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Last
8,554.8 |
Change
-75.500(0.87%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,554.8 |
| XJO (ASX) Chart |