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Thursday, 19 October 2017

Touch too much

ASX catches a bid

"Sell everything!" came the cry.

"Get into cash and wait for better value!".

Unfortunately, the high priests of market timing might have had their holy garments pulled down a bit here. 

Wonder of wonders, the ASX has finally burst out of its tight trading range, having briefly traded above 5,900 in April and May. 

It's been stuck in a narrow band ever since. 

Until now...

Might it be time to dust of the 'XJO 6000' hats at last?

We dare to dream.