XJO 0.10% 7,767.5 s&p/asx 200

monday red or black

  1. 8,028 Posts.
    I don't think Monday we will fall as hard as the US.
    Given from the past two months, the Dow hasn't done much for us, when they surge 2~3% we sat still and vice-versa.
    The fact that Friday we supposed to tank and we didn't, and we manage to gain. A late afternoon surge on a Friday showed commitment that punters willing to carry over the weekend. Especially nowadays holding over the weekend means a "life long marrage". I think punters are punting that Tuesday RBA will surprise us with a big 125~150pts cut, and that will rocket our share market. Monday may open lower but, I think she will close back to the 3500 mark. Last night the US GDP was nothing new and somehow manage to close above the 8000 "Again"

    However after Tuesday's rate cut, it's a whole new ball game again. CBA will have thier report out, and that will take "balls" to hold over the ann.! Feb maybe the month to send us under 3200! I sure hope not.
 
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