Looking into the future What the rest of the year may hold XJO Prepare for severe turbulance. Up 44 points for August The Australian market was up over 44 points for the month of August and again hit a succession of new highs for the decade throughout the month. However, it was a month of extreme volatility resulting in wild 142 point swings in the market. Such volatility often accompanies markets when reaching new highs, as the market psychologically adjusts to becoming comfortable with its new
Potential Gap Fillers! Since the gap down in June, SIG has been accumulating and testing the 0.50 level. Having broken through 0.50 it has now found support at this level with higher highs and higher lows. This chart is very similar to HSN and MOC, all of which are accumulating with the potential to fill the gap.