Australia's largest stock trading and investment forum Australia's #1 stock forum

XJO

Click for more information

0.83%

8,199.5 s&p/asx 200

Dare to be Different.... - Thursday, page-65

First 65 Last

Share
Profile

Follow
jpv

524 Posts.

14/01/16

13:44

Post #: 16795655
Share

Originally posted by sharks37 ↑

Elchagie, if you're interested, take a look at this interview on CNBC this morning. This relates back to my comments last week about market commentators looking for excuses to talk the market down - in this interview you can literally see the commentator squirming and searching mentally for some kind of convincing reason to explain why the market went down. He clearly either doesn't have a clue, is just guessing, or selling the story he wants to sell: Its not the China stock market, because the picture the last 2 days has stabilised for now, its not oil because that didn't change much overnight, now its China currency and the US Fed for raising rates ("we warned them what would happened when they raised rates").

http://www.cnbc.com/2016/01/13/us-stocks-open-higher-oil-recovery-china-eyed.html

To paraphrase what I said last week about watching the chart and not listening to the commentators, and using a football analogy about trying to tackle against a player who has the ball - don't focus on what the player is doing with the ball (selling the ball candy), watch his hips, they tell you where he's really going.

Cheers, Sharks.

Expand

I prefer to watch their eyes and hands sharks but u can watch their hips _Ha. But each to his or her own.
These days I see body language including voice as the continuous messenger. Perfect.
1 Upvote

0 Great analysis

Reply

Top Stories

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Bitcoin jumps 8% to beat record on Trump vote optimism

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

There are more pages in this discussion • 32 more messages in this thread...

First 65 Last

Add XJO (ASX) to my watchlist