Red
It is one of those rare occasions where I agree if perhaps for different reasons. This rally will probably go into the new year, but with the possibility of interest rate rises, the likelyhood of a reduction of fiscal spending (despite promises to the contrary), the possibility of an US slowdown some headwinds are likely to appear. I can only see flat to moderate growth at best for the next 6 months.
If I could offer gratuitoius advice, I would look more at the 100 to 50 day MA line rather than the 200 day line if you are looking into the medium term.
JWM
friday fumblings, page-167
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Last
8,374.0 |
Change
73.800(0.89%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,300.2 | 8,446.4 | 8,300.2 |
| XJO (ASX) Chart |