Volume was low at the start of the 2009 rally as well. And why could it not be because most see the same signals we do, everything is toppy. Waiting.....Waiting for a pullback.
We'll get one for sure, but will it be a big drop, I don't think so. Overbought situations can be alleviated by going sideways for a while you know.
Look at the XJO chart, no jerky movements, just a steady rising uptrend.
In my mind, a devastating drop is less than a 20% chance now. What would cause it? Greek default? Who cares! Recent data is positive all over the world. Earnings have mostly beaten estimates.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |