ASX 200 prediction

These 1.5% swings gotta be opportunity for some smart souls to make a bundle you'd think.

'S&P and Dow down again. Anyone betting on ASX?

I'm seeing a lot of $$$ head into Gold mining stocks which makes me think a drop is imminent (within a week or two).

My rationale is the market drops, investors rush to Gold, increasing demand and pushing the price up. As a result, gold miners become more profitable with the precious metal now being worth much more and the share price increases as a result of that knowledge.

Given the smart money appears to have shifted to Gold miners already, I feel it is a matter of time before we get a larger drop.

Whilst I never want the ASX200 to be heading downwards (a buoyant market is much more fun to talk about with others), I think it will be shifting down towards the 5407 level in the coming days and then to towards 5185.

Longer term (this year), we go below 5000.

this next couple of months or so should be interesting!

I predict the S&P ASX200 will go either up or down, tomorrow.

That's out of the way; today it passed 7000. First time. Media are full of it.

On 07 November, 2017, the ASX 200 crossed the 6000 point mark, and since then:
- CSL has risen 115.6 per cent, adding 277 points to the index, while
- BHP has advanced 68 per cent, adding 200 points.

Nearly half the gain from just 2 stocks; doesn't leave that much for contributions from the other 198 index components (actually 200+ because the makeup has changed in the last 3 years)

Dona Ferentes said:

Nearly half the gain from just 2 stocks; doesn't leave that much for contributions from the other 198 index components (actually 200+ because the makeup has changed in the last 3 years)

Click to expand...

Indeed there's quite a few where you'd have lost significant money holding them over that period.

Probably should wait till the Morning but unless the China Lockdown expectations grow overnight I'm thinking the XJO to lift tomorrow on the back of a small Rally in the U.S. tonight.