ASX 1.05% $64.75 asx limited

correction on the way, page-30

  1. 3,694 Posts.
    re: correction no way The market will do what it wants to.

    Currently it's motivated by greed, so bad news doesn't matter (although not-so- bad news certainly mattered to MBL today).

    Eventually even the greedy will start to fear losing their gains and bad news will count. Maybe if punters get fearful enough even good news will be 'bad'. When if does it's just the market, don't take it personally.

    The most difficult thing to learn about trading is that no-one knows. You'd think that would be simple but it goes against everything we've been taught to believe in.
    That's the challenge.

    PS. I endorse JC's comments about manners. Good manners don't cost much; most people can afford them.
    However bad maners/rudeness etc. on this site aren't completely wasted. It's my observation over time that there is a correlation between frequency of rudeness and market turns. So on that basis we may be close to a retrace/correction.
    But then......no-one knows.....
 
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