Well thing are starting to become a little clearer as time goes on.
On all accounts with the % of stocks over certain moving averages, such as 200, 50, 20 days etc has made yet another lower high when the market tested its highs again. Goes to show that yet again fewer stocks have participated.
Clearly stocks are in an overbought position now.
On a review of the situation the pattern is not to weird, did a similar setup in 1998.
I want to see how the markets really again, if the next push up flops I will be shorting, if it snaps 10700 I will be buying on a retrace to 10700 with a target of either 11613 or 12550 by April next year.
boom boom boom almost 11000, page-63
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Last
$5.51 |
Change
-0.030(0.54%) |
Mkt cap ! $3.700B | |||
| Open | High | Low | Value | Volume |
| $5.56 | $5.58 | $5.50 | $4.754M | 861.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2826 | $5.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.54 | 10167 | 3 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| DOW (ASX) Chart |