redbacka, one of the best summaries I have read.
The market desire to correct in the US last night was a very powerful signal. I didn't expect it give all of Thursday's gain back and then some.
XJO on opening likely be -100 and it could finish -150.
DOW may retrace back to around 9000 (about 10%).
Fear is back which means much bigger downside moves than normal. I'm fully invested and already committed to a few capital raisings so the timing is unpleasant - I just hope the instos don't activate their stop losses on mass.
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Last
8,580.1 |
Change
-9.100(0.11%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,589.2 | 8,619.8 | 8,568.2 |
| XJO (ASX) Chart |