BHP Telstra Newcorp Index My feeling are Acouch that the downtrend is primarily Newscorp at 11.28c and Telstra that make up a large part of the index----with the index as you know being just a basket of stocks and not really reflective of what is really happening.
You'd expect Newscorp to rise now>>>Telstra perhaps rise (bearishly so)---but if that did not occur and Newscorp and Telstra were to go down---that would only make them better value to buy>>>hence the index (which they form such a large part of) would go up.
(BHP play a part in this too)
My thoughts for what they are worth,
Cheers,--BK.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
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4 | 74082 | 0.130 |
1 | 8000 | 0.125 |
4 | 58009 | 0.120 |
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0.145 | 95000 | 1 |
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