The markets have been struggling to break recent highs as the long trade has become overcrowded.
When the market was down a couple of weeks ago, the bears got too excited.
Now the market has been trending up and every man and his loyal dog are saying to buy this pull back and ride it to new highs.
The trend is still up so maybe some more upside can be expected. But with great caution...
The next couple of weeks (if the astro guys are right) will result in huge volatility. US GDP tonight and China PMI on Sunday will play their role I'm sure.
pullback thursday, page-61
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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 |