Friday, January 14, 2011

Daily distribution of the local equity market

Does our Equity market have a value ? The answer is yes.
The chart below shows the value line at 4700 , swings included it has been to expensive above and to cheep below.the range is aproxmatly 200 points from
4600 - 4800 going back to october the 1st.
Time to move higher ? the current sessions suggest it can with support at 4765.



No comments:

Post a Comment