The ASX 200 index is sliding back slowly. People may be realizing profits from yesterday's rally. The calm in the markets could be because of the holidays in the US or a breather on what happens next.
The index value is around 4300 currently. Heh, its going towards the 4500 which I still feel is the realistic bottom. So, shares are still oversold and a good buy. On the other hand, we still don't see major buy-in. People are waiting others to start first. Herd mentality is on, as usual. :)
The index value is around 4300 currently. Heh, its going towards the 4500 which I still feel is the realistic bottom. So, shares are still oversold and a good buy. On the other hand, we still don't see major buy-in. People are waiting others to start first. Herd mentality is on, as usual. :)
Posts
No comments:
Post a Comment