I take what the Media report with a pinch of salt... nevertheless it was a nice rally indeed... didnt expect that - especially on the back of a Friday and a potentially volatile US session...
Other international indexes didnt do much.. so rally could be atrributed from short covers (me included)...
Or laying on a beach in Rio de Janeiro...If we knew, we'd all be lying about in the Bahamas instead of checking stock forums after midnight
.
Nope bever happened,Anyway, it looks like tomorrow should be down a bit more, but 5300+ looks a real possibility late in the week or next.
I hold my hand on my heart and solemnly swear to tell the truth, the whole truth and nothing but the truth, that the XAO will make at least 5278 for the next high, maybe this week... otherwise next week will do.
Gold is consolidating nicely around $US800 and other metals are generally holding too and I think poised to move higher despite the USD gaining.
These questions are getting really tedious.How is the ASX200 sitting at 4972..? What the..? Will it go down after no bailout of leyman last night..?
How is the ASX200 sitting at 4972..? What the..? Will it go down after no bailout of leyman last night..?
I would give that media report on Lehman more weight.
It was what caused that rally.
I'm no so sure,.. our market rallied some 100pts in the closing hours of trading, yet in the same time frame, international index barely moved...
If Lehman's news was the cause of the rally; then you'd think other index would have reacted in similar as well...
What about good old Technical Analysys, Bollinger bands, you know, all the good stuff - what are they indicating..?
Seriously though, you sound like one very panicky trader. I know your questions are more or less rhetoric, but seriously dude - knowing the market is knowing the thought process of every single person who has access to trade the market. All we can do is use some mass market psychology (mostly technical, but some fundamental analysis) to guess what happens next. And if something we didn't factor in turns up during the period of our analysis, then our analysis may (or may not) need to change.
The answer is, try to learn about people in groups. We learn not to yell "FIRE!" in a nightclub, because we know what happens when someone does. Now go out and figure out what happens when someone yells "****, I think we borrowed too much" in a stock market.
Nope bever happened,
I see how this works, you just keep pushing it out a week until you get it right.
Actually as it turned out, it didn't consolidate at $800.
Well at least he's consistent........................ly wrong. No wonder he's turned into a hedger.
Anyone got any predictions for Mondays ASX200..? Are we really going to hit below 4500 like australianstockreport.com.au and chartchat.com.au tells us..?
http://www.sfe.com.au/content/prices/rtp15sfAP.html
Bookmark this
Predominantly a rise in resource stocks Monday, BHP and RIO up around 9% in NY trade, big drop in US dollar spurred resources across the board, solid gains for silver, copper and gold, big jumps in the XAU/HUI, large jump in AUD vs USD, biggest gain in 6 months for EUR vs USD... perfect storm. Banks will probably keep a lid on gains though.
how certain are you..?
how certain are you..?
What about good old Technical Analysys, Bollinger bands, you know, all the good stuff - what are they indicating..?
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