If this were a normal market I'd agree with you entirely. Its certainly overdue for a bounce and that could happen.
But looking at Japan and Asia is not very inspiring - all down around 4-5% atm. I might leave any decision to go long until the close. The news pages look rotten too... not inspiring at all. More like crash fodder I reckon!
"The central bank expects growth in the United States to contract in the second half of 2008 and the first half of 2009, with some even were more pessimistic, according to minutes released on Wednesday of the Fed's October 28-29 meeting, when it cut its benchmark interest rate by a half percentage point to a percent."
outliered out of the bollinger band today, page-6
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Last
$38.45 |
Change
-0.460(1.18%) |
Mkt cap ! $195.0B | |||
| Open | High | Low | Value | Volume |
| $39.00 | $39.07 | $38.28 | $323.2M | 8.359M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1696 | $38.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $38.46 | 24810 | 1 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |