While watching the daily market fluctuations I've noticed that for the last few months the NZX50 often changes direction at midday.
i.e. a pronounced downtrend in the morning is reversed in the afternoon, or vice versa.
e.g, today's graph, sourced from DirectBroking; NZX50.jpg
Does anyone have an opinion on this observation?
The NZX will often react to the sentiment of the ASX open at 12 and the Asian markets through the afternoon.
Originally Posted by Chickens
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