XJO 0.30% 8,099.9 s&p/asx 200

its options expiry day today, page-46

  1. 17,444 Posts.
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    Funbet

    I think Honkers is bonkers.

    I have been wrong about a top so probably still am but it looks like a disaster in the making to me.

    OK, from June '87 to Sep '87 we did a 30% move up before crashing but Honkers has done it it a month.

    That is fine from a depressed low but from a brief selloff?

    Farsight

    I agree.

    The market action is bullish and it may remain so.

    I reckon either a top here meaning around this coming weekend or we continue into early November.

    My indicators have been bullish for a while now but I am keeping permanent positions small and working on the day trading.

    If at some stage soon, there aren't a lot of disgruntled Chinese, I will be surprised.

    Maybe it just goes upward forever and all the Chinese housewifes become zillionaires.

 
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