XJO could test ATH before pullback - something about time and being irrational - Max pain is everyone too scared to go long up here and miss out on the biggest gains whilst waiting for a pullback.
Looks like Mike Wilson is feeling the FOMO. Where were these idiots when indices were 10% lower and the bounce was obvious?Yes the LT primary trend is setting for a bullish bias now, both for US and XJO indices. The next pullback will be interesting. Gotta happen at some stage but with everyone waiting on it - it could be a ways off or shallower than expected. (Like our market yest - expected 70 pt decline in futures, Closed down 20 pts.) Time will tell.
XJO could test ATH before pullback - something about time and...
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Last
7,753.7 |
Change
26.900(0.35%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,726.8 | 7,784.8 | 7,726.8 |
| XJO (ASX) Chart |