No. Definitely a gapdown in the blues at the open. But I think like Friday there wont be any easy money in shorting the market tomorrow either; ie. it wont trend down all day. Might consolidate at the lows and wait for China/Hang Seng and India to open.
Other point is that the SPI was the first market to begin this correction on Thursday and it may be the first to recover. Luckily our market isnt hooked on the US and we have massive exposure to the fastest growing economies.
US gdp is ok too - problem is a credit squeeze which should be anticipated and fixed but its a pity the US is suffering under a hopeless political leadership.
poll..will the asx buck the trend tomorrow, page-29
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$65.02 |
Change
-0.690(1.05%) |
Mkt cap ! $12.60B | |||
| Open | High | Low | Value | Volume |
| $65.51 | $65.83 | $64.72 | $26.89M | 413.3K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 880 | $64.99 |
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| Price($) | Vol. | No. |
|---|---|---|
| $65.08 | 351 | 1 |
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