I note that the XJO, SPI200, futures in US, BHP, CBA, the HangSeng and H-share indexes fell after the Chinese Eco figures came out. But 30 minutes later, they (incl Nymex futures) rose and as I write the internationals among them are still rising.
Well, SP never moves in a straight line for long and BHP could go higher or lower from here, but I guess Life is this moment rather than sometime in the future.
For this reason, I would suggest the important things are : 1. China eco data does influence SP in a big way, 2. Movements like this one must be the work of guys with deep pockets, 3. Perhaps, there are too much short trade $$ so it's time to stop them out for a nice profit, 4. The smart traders will be observing the movements seriously now, I think. DYOR.
Is it a 12 week?, page-6
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Last
$44.39 |
Change
-0.380(0.85%) |
Mkt cap ! $225.1B | |||
| Open | High | Low | Value | Volume |
| $44.52 | $44.68 | $44.21 | $228.3M | 5.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93 | $44.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.40 | 13049 | 4 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BHP (ASX) Chart |