Hi Kacy
Since the start of 2009 the HIS, SSE & STI have rallied from 85% to ~100% from their lows. IMO it's fair to expect profit-taking etc at the 100% level - as per Mr Gann. IMO their recent retraces are far from cataclysmic or a significant reversal into a double dip recession.
http://finance.yahoo.com/echarts?s=000001.SS#symbol=000001.SS;range=1d
By way of contrast our boarse rallied from 3090.8 to 4506.5 [approx 45.8% since March 10]. As per Fibonacci & Mr Gann again therein lies a key level of resistance / profit-taking / shorters rallying point.
IMO for The Market to move upwards from here some economic afterburners need to start kicking in - perhaps as per today's WA Gas announcement & recent improvement in US economic indicators as well as IMF proclamations that the GFC is done & dusted & MOST IMPORTANTLY Stephen Long developing doubts amidst his ever-expanding global sea of economic uncertainty [lol].
Cheers,
Lapdog
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Last
$39.62 |
Change
-1.130(2.77%) |
Mkt cap ! $200.9B |
Open | High | Low | Value | Volume |
$40.45 | $40.68 | $39.56 | $423.2M | 10.58M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 4755 | $39.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$39.62 | 16874 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2955 | 39.610 |
24 | 17922 | 39.600 |
3 | 1345 | 39.590 |
4 | 12300 | 39.580 |
6 | 1745 | 39.570 |
Price($) | Vol. | No. |
---|---|---|
39.620 | 16874 | 1 |
39.630 | 20509 | 1 |
39.640 | 21064 | 1 |
39.650 | 25188 | 3 |
39.660 | 20889 | 1 |
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