Gee.... for technical analysts we do tend to place undue emphasis on these fundamental job reports, don't we?
Time and time again I see markets correcting/advancing NOT on the news, but because it was time to. Because a doouble top had been hit....or a critical fib retracement...or a critical moving average...because of the expiration of time.
Not, dare I say, because of some Gulf of Mexico oil spill or capping of the same, or company report, or super profit tax or weak/strong retail figures, job numbers and the myriad of conflicting news stories which leap out every day.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
8,668.2 |
Change
-89.000(1.02%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,757.1 | 8,757.1 | 8,648.4 |
| XJO (ASX) Chart |