Hi, everyone.
Just two long for Thursday thread. My computer is slow today.
Glad to be back from holidays. Looks the market had one two, just about the same level I left.
Well, my gravity theory works fine. Market is in tag of war. Very interesting thing is we are still only 5% from recently high, will US is still near the high. The interest rates hike did curb some of our enthusiasm. I still believe my 4444 target for EOY, although I more like 4744 now. The market is unpredictable anyway. I think it is brave to catch cycle and turn dates.
6 months, maybe longer of direction less is here to stay. No hurry to move up or down. A correction of 10%+ is still possible, We have not seen one yet since March. The longer it goes, the less chance we will have one. I reckon January is a good month for market to put a bottom, if not, we should try March.
Good luck everyone.
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Last
8,630.3 |
Change
59.900(0.70%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,570.4 | 8,632.8 | 8,570.4 |
| XJO (ASX) Chart |