The point I'm making is that these movements have nothing to do with the real businesses .... ie fundamentals
The whole market just doesn't decide at 3pm Friday that it is 10% (or whatever) incorrect in its valuation of every listed company (excuse emotive licence)
It simply punting on a change.
What I can't believe is that our market is prepared to take such a punt on a Friday afternoon, particularly since the US sold off horribly in the last hours last nigh on volume that was just on 160% of the 10MA & 15MA
To punt against that on a Friday afternoon is either insanity or a direct line to the jockey!
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- can anyone come to any other conclusion than
The point I'm making is that these movements have nothing to do...
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