Doing nothing today and probably nothing tomorrow. Just monitoring markets, catching up on reading and the occasional punt. Will be monitoring retail positioning, COT report, RBA charts (due Monday), currencies and placing bets after RBA announcement next week. Market is likely to not fall sharply for now - at the moment everyone is looking at everyone and waiting for someone to make the first move.
Retail (which has least info) on the other hand seems to think it's time to short ... ha ha. Yesterday I mentioned 5565 area was a bear trap. See how XJO now refuses to go below this level. Today, it's sitting around 5570. Slowly grinding up and imprisoning shorts....
Milk Chocolate Thursday, page-6
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Last
7,777.7 |
Change
95.700(1.25%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,682.0 | 7,795.1 | 7,682.0 |
| XJO (ASX) Chart |