The big unanswerable question is of course....demand.
One might suspect that if the Aussie $ goes much lower or even stays here it would be an indication of poor demand for what we produce.
In any case, none of us have any idea how long this panic will go on, what a recovery looks like and who will still be solvent?
Very ugly mess at the moment.
My secret tip from the GFC days. A market rally has begun or is about to begin when we see the XJO ABOVE the XAO (imo).
Reason being that the XJO reflects the trading of large institutions (predominantly) and the XAO reflects the trading pattern of retail holders (mostly)
I call it the Index OF Hazza (IOH). Might be crazy and don't mind if that is everyone's opinion. We have gone from XAO being 126 points ABOVE the XJO in January/February to a differential of maybe 30 or 40 points now.
Might not be exact but am happy to wait and see. Then cop criticism / praise afterward.
The big unanswerable question is of course....demand.One might...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.85M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $44.42K | 10.96M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 35438671 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 11634354 | 27 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| POS (ASX) Chart |