If you knew that just under 6.5% of ASX shares in the previous 9 trading sessions set new 12 month lows.. I know how I would think about the market
Phases of a market collapse... You eliminate your spec holding then start to move to the next higher bracket. You can push up 30 shares (which represent just under 50% of the market capital) and make it look like everything is rosy... Then sell of all the major shares.
Today's push up was based on 15% less volumes. Large players not buying this... but maybe selling into it...
Check FLT price (and QAN). Got smashed from 2:15pm. I wonder if there might be a holdup with travel before Xmas. Interesting.
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