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(161)
Today looks like it will be the start of that downward trend everyone has been talking about..
I’m hoping/sticking with trade & real estate services stocks for consistent income will pay off!!
8
IMO it is more like a pull back after the last few gains. Nothing new. We are still in a bull trend.
1
Yeah right. A bull market. We are down 32% since feb
7
Peter Elvis
depends on when you buy it ? to me its a bull trend
0
Have to be loving the trade and real estate services stocks at the moment, consistent returns
6
I can't believe the market is going up
I'm.being tricked and drawn into buying
It's ready for massive drop.
Nothing is pointing or suggesting up
17
should peak Tuesday here , Tuesday night in US. in my opinion. I agree there is no value now. just some silly FOMO buying?
13
It's crazy . All figures point to massive drop.
Am I that bad of a judge
13
time will Tell Peter. Just have to be patient
4
Looking for a break above 5300 today
4
or not over-pesimistic about the australian economy
0
australians economy is strong and is refelcted in the market
I agree with you Peter. I have no doubt the ASX will he higher in 2 years than today but i think we are far from the bottom right now. A great time to sit back and watch/wait for the right moment..Some people are impatient and get FOMO when the market goes up a few days in a row
7
Exactly Bruce. Normally there are 2 full bear runs and a new bottom low.
What do you think 4000s or 3000s
6
initially I thought 2700-3500 , however, with all the government support and also very low interest rates, I'd say 3700-4400 is realistic a good time to buy with a long term view .
9
the market should not be going up. Nothing is positive. False stimulus. Now a new bubble has formed
This will be a massive W with FOMO retail investors the biggest losers. Big money is sitting on the sidelines wsiting for the bottom
1
It does look like a ‘W’ recovery with the size of the second half of the ‘W’ uncertain. The strength of the rally from an intraday low of 4402 in mid March to yesterday’s close of 5522 seemed a lot considering the gloomy economic data, even though we seem to have the virus suppressed with things about to open up again. It’s unlikely we will re-test the lows but the volatility is still a worry. Things turn quickly both ways. Monday will be an interesting day.
0
The problem is too many people are expecting another crash now, so of course it's not going to happen until we reach peak fomo... Also big money has jumped in. Listen to Marcus Padley podcast. Just set some stops and have some spare $$ when this does turn.
0
Blue Horseshoe loves BBOZ
1
Markets also generally find their bottom well before the peak of the crisis that causes the sell off. That would suggest we have already seen the bottom. Remember this is not an economic crisis, this is a health crisis which has instilled fear into a lot of people.
Not sure that your basis is for saying we will see 'a new bottom' other than your gut feel..
Haha when do you think the peak of the crisis is? The bad times don’t end with the virus (which is sticking around for a while). Please conpare the Spanish Flu timeline against the Dow. You will see the Dow bottomed ONE YEAR AFTER THE END OF SPANISH FLU
0
I feel this is a strong bear market, this seems a bear market relief rally, i strongly feel asx will retest the bottom or get closer as per fibonacci retracement. Anyone expert on Asx resistance snd support levels?
0
the relief rally is over. strap yourself in for a wild ride down.. BBOZ is best way to profit from that. then convert to a long position when market is at a realistic 'bottom' which is probably somewhere between 3000-4000 points??
0
Market remains volatiile. It fell 130 points today before rallying during the day and surged to 70 points ahead inside the last hour. Then the sellers took over where it was all square when the market closed before losing 47 points at close out. Indications are we will have a significant dip when the Wall Street counter rally belatedly ends during the next fortnight. By the end of April we should have bottomed (ir close to it) when the slow climb back begins. Plenty of pain before then though.
0
Today. The market will start positive and then tapper off. Will be a down week with some very weak figures
16
I am really surprised that the ASX200 finished so high today and the Dow furures are up 3.5% I don’t understand. The US is imploding (huge unemployment rate coming) COVID-19 is running rife, what is driving this up?
Peter Elviswatching the market after 3:00pm I really thought it was close to going into freefall. Late buyers came in to position themselves for the new quarter and it pulled back about 70 points very late. But it’s close. You can feel it.
0
Just a matter of time before the big collapse
2
Gotta love double tops. Triple/quadruple if we count highs on March 17&18. Go the bears! :)
1
Fingers crossed for this naughty dead cat to drop into the abyss 🐈⬇️
Sure you did, hahaha. Elvis has left the building :P How intersting that you shoud be mimicing the virus.
Look, I empathise many have probably lost money in the crash, but try and keep some perspective, otherwise you're emotionally comprimised. If you're too invested in your theories and emotions, you may miss the signal when it arrives.
I think Elvis is pretty much on the mark @ low 4000s
Basically this week we attempted a trend reversal and if Monday is down, it will have failed.
A re-attempt will bring you down further before it starts and if it falis , will then hit low 4000s before a 3rd attempt...go back to 2018 and you will see the attempts to reverse trend failing several times until finally going up.
0
That 13000 to 15000 is for the dow
ASX I still say low 4000s
0
We warned you
0
BBUS didnt rally well today... it'll go bonkers next week!
0
market bouncing due to free money given by US Fed to banksters. Aussie economy underoinned by metals. Gold & silver bounced. Copper,steel industrial metals not so good. there is no take off by end users. Crude ther eis no where to store. Reality may bite few weeks later when the daily TV drama from usa fed dies down & real info hits the news.
0
Well said. Just wait till the next quarter figures come thru.
This is the biggest dead cat bounce
after state elections, lockdowns will ramp up significantly.
0
Will happen soon... when the gov throws money out. People get a false sense of security... once the quarter figures come out. That's when all he'll will break out
Neil Stubbswas market reacting positively to the US stimulus of 2tn. USA gonna crash. They cant even afford that much debt
0
Market can't go up... it's full bear
Global recession. Huge un employment .
And GDP. HORRIBLE retail. Lucky if market can only lose 50%
0
Peter ElvisI think the market could fall under 4,000 by mid year. The reality of rising unemployment, and the need to slow things down until the virus peaks in June, will ebb away. Then a gradual rise in the market over the next 18 months. No ‘snap back’, unless there is a medical breakthrough in treating the virus.
1
Great. 2 big up swings . Now time for down swings
0
Peter you reckon itll be down tomorrow? Looks like 2 dead cat bounces in two days consecutively.