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30-09-2014, 12:39 AM
#1161
Originally Posted by OldRider
With the ASX and NZX indices coming closer to each other by a little over 100 points so far today,
dare one wonder if the trend might continue such that the NZ50 grows to exceed the ASX 200.
Might NZ assume the mantle of the lucky country?
At close yesterday NZX50 5260 ASX200 5264 Maybe tomorrow NZ will be the lucky country
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10-10-2014, 12:10 PM
#1162
And, there it is NZSX50 5226 > ASX200 5192
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10-10-2014, 12:17 PM
#1163
WOW a lot has changed in the last few weeks. Massive U.S. volatility, Europe tanking, China slowing, Germany slowing, Ebola spreading, Dairy prices continuing to fall off the edge of a cliff...its scary out there. I reckon it could be a case with the NZX or ASX of picking the least ugly sister, neither looks especially attractive at present. Cash is starting to look very good again.
Last edited by Beagle; 10-10-2014 at 12:19 PM.
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10-10-2014, 12:55 PM
#1164
Banned
Noise
Originally Posted by Roger
Cash is starting to look very good again.
So the trend is over?Attachment 6317
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10-10-2014, 01:14 PM
#1165
Member
Or it isn't. Four weeks ago on this thread opinion favoured the market versus cash/bonds. The point is - no one really knows.
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10-10-2014, 01:25 PM
#1166
Well I looked up the chart and going from both 50day EMA and 200 day EMA the up trend is in tact.The RSI is positive too.
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10-10-2014, 02:08 PM
#1167
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10-10-2014, 02:25 PM
#1168
Originally Posted by MAC
And, there it is NZSX50 5226 > ASX200 5192
But as Brian Gaynor point out in the Herald, the NZX50 is a gross index so you cannot compare directly with a capital index such as the ASX.
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10-10-2014, 02:51 PM
#1169
Originally Posted by Onion
But as Brian Gaynor point out in the Herald, the NZX50 is a gross index so you cannot compare directly with a capital index such as the ASX.
Yes, it is really merely a point of long awaited idle occurrence, any reason for a beer is a good one, as they say.
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10-10-2014, 04:17 PM
#1170
Originally Posted by bunter
Looks okay in the rear view mirror but the storm clouds on the horizon looking forward, not so good.
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