XJO 0.86% 7,829.7 s&p/asx 200

are we there yet thursday

  1. 1,142 Posts.
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    I don't think so. No indexes have touched solid support so far, all the support that has been met is wishy washy hopeful support. The expected jump may not happen because it is so expected.

    Also there has been no real squeeze yet, market resilience is high but there is no spring under it to push it far forward. I think market sentiment reflects that low confidence for high market gains, so the gains are being made by gradually stepping the market down to where the fund investors are happy to buy in. Long term this is good for the market.

    There are also lots of opportunities for poor economic news to swing the market lower and this is being factored in.

    opinion only of course.

    Some time ago on this thread, Dow support was given as ~9700
 
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