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ASX Morning call 9 OCT, page-38

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09/10/18

19:05

Post #: 36056899
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Originally posted by Owenb79 ↑

Originally posted by ehsaale
It came like clockwork
I’ll be interested to see if they can take it under 6000 for the close.
It really needs some back tracking to find some more sellers. Punters would have jumped on the index short this morning thinking its going to 3000 in the next few days and will have stops above todays high which is 6088 currently. I would expect the big boys to go for them take them out and find some liquidity to push lower. What I am really hoping is get up there hit some stops and push to 6102 and load up again. Its also possible with Sep contracts over short positions are building again in the index so stock holders can protect their fixed income earning stocks. The strategy costs 5% a month but they just love doing it. See what happens.

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That seems rather low even for the missiles of October... if it were to happen...

"thinking its going to 3000"

XJO Value at posting: 6,041.1
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