asx lovely day anz was my pick at the open brought some cfds at 4785 last night too
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asx lovely day anz was my pick at the open brought some cfds at 4785 last night too
Be interesting to see if China will also pull back later in the day after being down 6% in early trading
Seems too soon to be bouncing back up??
NZX50
http://bcs.net.nz/images/chart-nzx50.gif
NZX ALL Ords
http://bcs.net.nz/images/chart-allords.gif
I think I agree with HOOP... dead cat bounce.
Either that or the HFT boys are faking everyone out while collecting ammo for the next downhill run...
Well there really wasn't much reason for it to drop so much anyway... yes there is china, but a lot of the worry is just hot air... so I'm not surprised markets seem to be recovering so fast
Ah hah that explains your considered post...stands out like the aforementioned dogs...well you know what. Traders and doom mechants.....yah gotta love em...makes the markets so much more volatile. Should be some good buying opportunities however, so fun to watch it play out.
Nice. Have you taken profits yet? ;-)
ASX200 was up 7% at one stage!
TJ either you haven't been watching or you choose to ignore.
There has been plenty going on other than just China to warrant a very strong correction.
US corporate earnings for a start and then there is the giant oil slick that underpins a hell of a lot of the world's economy.
Peter Cardillo of Rockwell Global Funds has just been on Aljazzerra saying that China's growth might only be 6% this yeat so it might feel like a recession but it won't be in his opinion.He also said that the response to China's slowdown has been over exagerated.
onwards and upwards.
http://www.theonion.com/article/shod...ollapses-51163
And we're (NZX 50) about to pass into the green... like many markets around the world...
quite a few folk wondering right now if they've been duped.
and they have of course............
Im in a 'wtf' headspace right now.