Bruuuummmm!
Just had a peek at the Australian S&P 200 index. The speed at which it is shooting up is amazing. Current level is 4960. Wow, not that it broke through the resistance but is heading sky-high.
Looking at the chart reveals how much it jumped in only three days. This is about 15% so far. I had a bet on Wednesday and bought a little of Vanguard's Australian index fund. It was a bet that that was a very low point and a good buy. I could never think that it would go up so fast after that.
Twiggs says that this could be a trend reversal if it goes past 4950. The market has just opened and it's hovering around 4970 at the moment.
Just had a peek at the Australian S&P 200 index. The speed at which it is shooting up is amazing. Current level is 4960. Wow, not that it broke through the resistance but is heading sky-high.
Looking at the chart reveals how much it jumped in only three days. This is about 15% so far. I had a bet on Wednesday and bought a little of Vanguard's Australian index fund. It was a bet that that was a very low point and a good buy. I could never think that it would go up so fast after that.
Twiggs says that this could be a trend reversal if it goes past 4950. The market has just opened and it's hovering around 4970 at the moment.
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