Did you guys notice Oz's Thu's unemployment stats release went from 4.0 to 4.1%? When it went to 5%+ in 2008, that when the market started heading south.
The Nasdaq has been going up 3 months, then 3 months down to touch the 100SMA every 6 months. So we've just gone up 3 months, just remains to be seen whether this is a casual slide down to touch the 100SMA in Oct, or develops into a full blown crash. Ive started accumulating SNAS again.
View attachment 6325764A Curious anomaly on Tuesdays data in my daily ASX checks. Despite the XAO going negative, the 1 year high to one year low stock ratio shot up to 1060%. Havent seen these ratios since the euphoric buying in April 2020.Also stocks making 5%+ losses on the day excceded those making 5%+ gains by almost 50%. That is very unusual too, because most of the time the gainers have always exceeded the losers.
So Perhaps the Ozzie market makers decided at that point , in tandem with US market ructions "Yep, the Blinkered Bull Brigade cant get any more silly than this", and decided now is a good time to get out of the market.
View attachment 6325779Also
@Ewebute, did you notive the volume dropoff on BRK-A? Tightarse Wazza has given up on th markets, remember, and is parking $189B cash. Looking shortable?
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