Half an hour to go this week - what will the market say?
I dare say many chartists will have proof that Hell and High Water awaits us all - covid, war, inflation - even hyper exaggerated inflation which I saw mentioned this morning.
However there are some long standing charts which have been used by medium term value investors which debunk those claims.
Here is one! - It is the Nasdaq High/Low Ratio Chart presented here from May 1984 to 3 May 2022. The ratio of companies which have found a new high to companies which have found a new low, obviously has importance, but as shown when it reaches an extreme it calls a bottom or the beginning of a new Bull Run. That's what we see atm. It may not happen today, or this month, but it is a fair bet that those who are selling, will be losers, and those buying will have perhaps another year or two of winning days.
This is my opinion only - not investment advice. DYOR
Only the 2008 Double Dip was an outlier - there are reasons, and even so there were early gains.
- Forums
- ASX - By Stock
- Ann: Drilling Underway at Frewena
Half an hour to go this week - what will the market say?I dare...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICG (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.242M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 812260 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 3495385 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 812260 | 0.004 |
8 | 5087112 | 0.003 |
3 | 3199980 | 0.002 |
4 | 5299950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 3495385 | 7 |
0.006 | 3412490 | 4 |
0.007 | 500160 | 1 |
0.008 | 950160 | 3 |
0.009 | 769000 | 2 |
Last trade - 16.12pm 30/07/2024 (20 minute delay) ? |
Featured News
ICG (ASX) Chart |
Day chart unavailable
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online