Its pretty hard to trade shares on the back of these drops (from a short term perspective anyway). The move down in the XJO gets factored in overnight so that when the market opens all the stocks gap open.
Throws a spanner in the works for trading stocks themselves. And, unless you trade the index overnight, you miss most of that move too.
crash part two, page-26
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Last
7,980.4 |
Change
9.300(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,990.9 | 7,950.6 |
| XJO (ASX) Chart |