XJO finished flat +0.08% [IMG] The market dropped on opening,...

XJO finished flat +0.08%



The market dropped on opening, then rose to be about +0.4% for the high of the day, then fell back to around the 0 level where it stayed for most of the day.

The market is range bound.  It remains in its sideways coil - tightening as it goes.  

All of this has made for moribund trading.  Activity reached a peak at EOFY and has since fallen off a cliff.



Clearly, trading must be concentrated in the Top 200 stocks, but punters are taking little interest in less well-known stocks.  

The market will come alive again.  It will break one way or another out of its current sideways coil.

Money can't sit on the sidelines for long.  Once we see a break it could be a serious move either up or down.

Just for interest - I have two different coloured eyes.  One green, and one brown.  

Plus - I'm colour blind - severely.  Any connection?  Probably not.

RB.