The market at the moment is not looking for a bottom - there is uncertainty but not panic. the uncertainty is tempered by the technicals of the forex market. when the US dollar broke above a recent technical resistance the US indexes turned around and started going down.
the US economy is getting stronger and stronger - this is a typical contrarian scenario which the markets are ignoring at the moment. as soon as Europe creates more confidence in the markets our focus will move from China/Europe to the strength of the buying power of the domestic markets in the US
the selling range of the small caps has reduced which means the market in AUS is either consolidating or seeing a bottom to the current correction. . . .
this is a time to be buying stocks whose SP was severely corrected on no fundamental grounds or those with excellent uptrend charts before the correction started.
The market at the moment is not looking for a bottom - there is...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)