Farsight
I can see that if markets can just hold togethet till month end then they could orchestrate another up leg.
The problem is that it leaves the markets without the sort of correction needed for a sustained move up.
Take this chart for example.
Look at the top indicator.
Sure it can continue higher but at what peril.
thursday night bare knuckles bull vs bear, page-33
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Last
8,193.4 |
Change
-62.200(0.75%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,255.6 | 8,255.6 | 8,139.1 |
| XJO (ASX) Chart |