American market sold off in the last hour. All of the previous day’s rebound has been lost.
The market has finally become worried about the Washington Shenanigans. Unless a deal comes through there’ll be more down side.
The chart is now at the 40-Day TMA. That’s last gasp support. Beginning to register some oversold readings. It could rebound sharply here if a deal is done.
No Santa this year in America. Australia has done well though.
A good friend of mine says that when-ever I leave Australia for an overseas trip, the market crashes. He reckons it has a 100% record. :) I’m heading off this morning for a month and am out of this market.
Hope you all have a great 2013.
Redbacka
American market sold off in the last hour. All of the previous...
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Last
7,980.4 |
Change
9.300(0.12%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 7,971.1 | 7,990.9 | 7,950.6 |
| XJO (ASX) Chart |