The problem with this market and the reason it's so hard to turn a regular profit is that there is no real trend: Maybe a market retracement, but not really a definable downward / upward trend...but then again I am not a technical chartist...so you may well know better. Views on QAN's chart would be appreciated
I can’t see a “crash” of >10%. The economic fundamentals are too strong. The market is looking to run, but the resistance to bridge the gap is a lack of consistent confidence and news to support.
Take for example the US: a few weeks back the hot topic was global interest rates…now it’s low-growth. Low growth = stagnating interest rates = catch 22 for the markets = all both bad news items.
The problem with this market and the reason it's so hard to turn...
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Last
7,971.6 |
Change
-64.900(0.81%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,036.5 | 8,036.5 | 7,923.6 |
| XJO (ASX) Chart |