Hi Folks,
I've been very bearish regarding this market for some time.
I expected a bounce about now - but nothing like we've had today.
On the basis of today's action, I may have to change my view of this market.
Today's up volume to down volume ratio was a mammoth 9.8:1. Those sorts of figures are rarely seen on the Australian market.
Total volume was again low at 869 million shares traded. That's the only reservation I have at this stage.
At this stage I've changed my sentiment from sell to hold.
Cheers
Red
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Last
8,639.0 |
Change
77.200(0.90%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,561.8 | 8,641.3 | 8,561.8 |
| XJO (ASX) Chart |