IMO I think the experienced traders are already starting to sell into this rally. The media and market commentators are pushing this 6000 level and once that is reached where to from there? Pullback is close or will they push it a little further to suck a few more people in. I know interest rates are low and could go lower but at some point investors need to think about some of the prices they are paying for companies on the ASX. After today there is only 2 trading days left for February so maybe that is the day things will start to unravel.
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Last
8,589.3 |
Change
-13.700(0.16%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,603.0 | 8,617.0 | 8,572.1 |
| XJO (ASX) Chart |