A market can live on bullshit for so long. America has excelled in this, those who read Richard Russell's comments must be starting to take notice now.
How many posts did I used to make pasting all negative news on commodities but the Dow plugs on regardlessly. In the end I stopped wasting my time, sick of bellowing bulls who could not read.
Most mornings during the summer had 5 out of 5 commodity news items as negative and this went on for months.
The long term trend has been bear now since the beginning of 2000, the uptrend after Sep11 was simply digging deep after an oversold situation. many who dug deep would have burned their arses bad and are unlikely to repeat it in a hurry.
If 9250 can't bounce it back then gawd help em. Next bus stop 24th September!
The sad bit is...we'll follow. Lets hope I'm wrong
Bomber
Dow down 232 points-has the final shoe dropped?, page-2
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Last
12.0¢ |
Change
-0.005(4.00%) |
Mkt cap ! $19.71M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 12.0¢ | $2.887K | 24.06K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 274322 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 28571 | 1 |
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| Last trade - 15.51pm 21/06/2024 (20 minute delay) ? |
| EMC (ASX) Chart |