I'm not sure but I get the feeling that where we are now is like July. Charts looked very sick, "head and shoulders", "rolling over", etc. Then one day it took off like a rocket. The reason is that everyone is watching from the sidelines in the same way, waiting. Tons of money waiting for the party to start. Many stocks are cheap, so need to catch up eventually. imo.
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Last
8,757.2 |
Change
118.200(1.37%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,639.0 | 8,776.4 | 8,639.0 |
| XJO (ASX) Chart |