Girlie ASX balks at three year high

After strong leads from offshore the ASX 200 stands poised to break out to a three year high:

Yet right now the bourse is mincing about at 4974:

Have a go yer mug!




6 Responses to “ “Girlie ASX balks at three year high”

  1. Chris Becker says:

    It’ll be a quiet day today – Chinese New Year and Japanese holiday.

    We take our leads from others (i.e standard operating procedure in almost everything Australia does….) so I can’t see much of a move today…

    Although if the boys in Sydney get back from lunch half full they might bid the index up from 2pm onwards..

    • Nick says:

      I am going to lunch at 12.30pm today Chris, so won’t be back by 2pm. Will do my best after that!

    • Chris Becker says:

      LOL thanks Nick

      Seems retailers are doing bloody well – JBH up 12% on results, HVN up 4% tagging along.

      Days like this I hate my rule of not holding stocks through earnings announcements or dividends (but then I remind myself when they gap down through my stop that its a good rule over the long run).

      • Nick says:

        Looked more like a 2pm sell off today! Psychological resistance set in with the ASX All Ords getting very close to 5000 for a long while.

  2. Bonza says:

    What we need is more bad economic news, thats what revs up the market nowadays!

  3. V says:

    Will Arnie be doing the announcement?

    http://www.youtube.com/watch?v=lfCFIs3GHQE