the last two days have both seen significant rallies on the DOW and SPI in the late hours of trading...only to see the SPI rally on the open then fall down closer to the open.
To me, this upwards move seems to lack momentum. For those of us that trade the day SPI, the most profitable moves are to sell the really overpriced rallies of the last couple days.
I was expecting the SPI to rally, break and hold above the 5700 mark, but there has been no genuine (cash) trading up near this level all day.
Sure we are still on a gain of 46ish point since yesterdays close...but after such big moves by the DOW and the FTSE last night I was expecting more.
the last two days have both seen significant rallies on the DOW...
-
- There are more pages in this discussion • 86 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XJO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
7,959.3 |
Change
69.700(0.88%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,889.6 | 7,969.1 | 7,889.0 |
| XJO (ASX) Chart |