So cool Disco Stu. Thanks I had a big belly laugh. Xjo tested...

So cool Disco Stu. Thanks I had a big belly laugh.
Xjo tested its m/t high and closed lower today, before overseas markets open. When it falls, it usually precedes a lower close on overseas markets.
Some companies in the Xjo are getting a bit toppy looking at the divs they pay. If an increasing number of investors are looking for yield via divs then I'd expect only a mild retrace 2% ish as most of those investors will be holding their shares thus locking up a lot of shares, even at these levels, if they sell, they will be hoping to rebuy at a lower level but still return to those stocks just the same. Good for support.
So the markets dips or sideways as there is a bit of churn, people get used to the price and up it should go again.
Overall, more people are prepared to enter the market than desert it...
They're all just waiting for a pullback ...