For what it's worth there is some consensus amongst chartists that the US market has now 'officially' turned bullish.
Why so?
It's based on the fact that the D.J. Transportation Average has broken above the May 2006 high of 5000.
If the USA is 'officially' now in bullish mode, 2007 should continue to be an excellent year downunder (with, of course, the inevitable corrections that will be eventually eclipsed by higher highs on the index)
Another nail in the coffin of the bears!
For what it's worth there is some consensus amongst chartists...
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Last
$63.60 |
Change
-0.560(0.87%) |
Mkt cap ! $12.32B | |||
| Open | High | Low | Value | Volume |
| $63.63 | $63.70 | $63.21 | $1.922M | 30.27K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 77 | $63.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $63.60 | 186 | 4 |
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| Last trade - 10.55am 25/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |