XJO 1.25% 7,777.7 s&p/asx 200

haspete's - someone let brutus out - wednesday, page-105

  1. 338 Posts.
    I'm also with pisces. Thin volume to me is a result of the heard of investment capital parked out of the market just waiting for some stability. If we can get some, we will rally. People want to make money & the path of least resistance at the moment is up. I'm a medium term bear but by following martis & the other doomsdayers im convinced will lose you money in the short term. I've been tracking martis for weeks and the so called "day of reckoning" just has not happened nor looked close to happening. You can produce a chart for any purpose, it ignores so many variables. Down days are thin volume too & filled with shorts (ie. FMG classic). I'm not 100% convinced on Charlie Aitkens strategy but I agree "why be bearish at the bottom" at the moment. The market drops 30% so everyone becomes a bear. Also the XJO correlation with Euro further shows our market is being driven by short term headlines not fundamental reality. All in my opinion....
 
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