Thanks afternoon crew.
Let's hear it for the ASX: seven-week losing streak for the first time since the GFC. Boy, does that January rally seem a long time ago.
There was a little buying interest today. The ASX 200 cut its loss for the session from 45 points to 13 points or 0.19%. I guess we could take heart from the fact the index finished well clear of Monday's four-month low. It sure feels like a correction, even if the retrace has not quite reached 10%. The index closed today about 8% below this year's top.
This run may seem worse to traders because the XEC (spec index) is down 11.5% and the Small Ords 10.5%. In other words, the small end is in a correction.
Well done to those who hit their targets this week. I certainly didn't. I'll drown my sorrows with some house guests this evening. They're Scottish, which can only mean one thing: sair heids tomorrow. Slainte.
- Forums
- ASX - Day Trading
- Day traders' seven-weeks-still-sinking weekend lounge March 24 - 26
Day traders' seven-weeks-still-sinking weekend lounge March 24 - 26
-
- There are more pages in this discussion • 49 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online