Australian (ASX) Stock Market Forum

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Yeah, how about PME spiking 10% higher today. I was going to post that the daily price chart was going parabolic, which we know is unsustainable. Now the weekly chart is parabolic!


The biggest problem for me is that although the index is going higher it's due to a small number of large caps only. There's not many trading opps outside those few that are pushing the index up. I'm holding GEAR, GGUS but unfortunately not enough.


The raging USD and China slow (no) growth are holding commodity prices down. This dampens demand for most of the ASX market. Damn bifurcation (using one of your words) , materials down, banks up.


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