The market is based on Socialogical Psychology.
For those of you who watch the charts, these charts are dictated by market phychology.
For those of you who watch the current market trends, trends are dictated by market sentiment.
In the market we have "super funds", "day traders" and "mum and dad traders".
In Oz, we have strong economy, low jobless rate, thriving economy etc. etc. but at present we are driven by market psychology - maximising cash return on a cash outlay.
I believe the market is dictated by psychology and P/E, earnings, value are lost in this type of market.
The probem is that the market is dictated by psychology rather than mathematical value which meansthe turnaround will be dictated by market perception rather than statistics.
Anyone agree?
trading psychology will be the outcome
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Last
$63.88 |
Change
-0.240(0.37%) |
Mkt cap ! $12.38B | |||
| Open | High | Low | Value | Volume |
| $64.20 | $64.49 | $63.63 | $25.75M | 402.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 148 | $63.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.89 | 960 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
$63.65 |
Change
-0.240 ( 0.83 %) |
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| Open | High | Low | Volume | ||
| $64.20 | $64.49 | $63.64 | 8162 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| ASX (ASX) Chart |