XJO 0.39% 8,013.4 s&p/asx 200

speed up the economy - monday, page-6

  1. 9,450 Posts.
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    Hi Pisces,

    It's certainly stretched to the upside here. Last Friday, XMJ at 10752.

    If it falls here, there's a strong support level down around 10290. That would be a fall of nearly -4%.

    I don't know whether it would be a buying opp or not. I'd like to make up my mind to see how this progresses.

    Not keen any longer on the Goldies :). (I was before I went on my trip in early December.) But I've made that point over and over.

    Maybe some of those building companies in the XMJ might be worth a look.

    This has been a remarkable 12 days. Maybe there will be only a bit of a pull-back and then up again. But - I like to play things as they develop.

    "So the last shall be first, and the first shall be last." That's been the way of this market for a few months. Maybe its time to look at some of those "dogs" I listed this morning.

    I notice that BSL had a good response today - up +6.6%. So a good look at some of the "dogs" might pay off. . . . Like - LYC - Whaaaaaaaat????? No way. :)

    Redbacka

 
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