6000 was the bottom of this correction. A lot of quality stocks have been over sold in anticipation of a major market crash, which is coming, just not yet (note, US elections, Beijing Olympic games).
I can see the market running to 7200 by April before we see a considerable fall. I will be selling in early April and going on holidays for 6 months, and I recommend for others to do likewise.
My thoughts only.
(the next 2 weeks will determine who is right)
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Last
8,826.4 |
Change
-15.500(0.18%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,841.9 | 8,853.9 | 8,811.8 |
| XAO (ASX) Chart |