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AORD and cfd Aus200 pushing above old July highs. Would short if...

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1,166 Posts.

21/08/14

10:22

Post #: 13849748
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Originally posted by bendigo ↑

Hi Lee,
On the contrary.
The Aus 200 has responded remarkably well when you consider the number of major stocks in the index that have recently gone ex div and that BHP has not been powering ahead.
I do agree it does seem to be very high and probably due for a pause around 5600, but I am very cautious and have only taken an occasional very small position for an interest......mostly wrong. :>(
Very dangerous trying to preempt the market and pick the top.
Probably better to be an observer than a player atm.

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AORD and cfd Aus200 pushing above old July highs. Would short if it crosses back below today's lows. Otherwise it looks strong. Not holding a posi at the moment.
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