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We pass the magic 5000.

Discussion in 'General Investing Discussion' started by Johny_come_lately, 8th Apr, 2011.

  1. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    Today is the third day the All Ords have bested the 5000 level.


    On 11 January 2010, we came so close at 4981.

    Then on 15 April 2010 we nugded 5024.1, before dropping.

    The last try was 18 Februray 2011 at 5026.1 before the devastation in Japan.

    Will Monday see this level challenged? Let us hope not! :D




    Johny. :)
     
  2. wdongli

    wdongli Well-Known Member

    Joined:
    31st Mar, 2010
    Posts:
    1,292
    Location:
    Perth
    No one could know whether it would be challenged and push XAO down below 5,000 again. But if we think based on the long historical prospective, it would definitely pass this pivotal number this year or next year.

    Environment in the market seems a matter we could not control and predict but it seems we always could anticipate the worst and best if we really want and are knowledgeable. Could we be different from the market crowd? Do we have the position in the market to get big enough reward if it happen and never worry to lose too much if it takes too long?

    Could we say the longer XAO stay less than 5,000, the more likely it would reward the brave, wise, and intelligent players for their long term happiness? Could it has being made some great chances to buy and hold forever without the worries to lose our shirts? Do we believe we are at the doorsteps of the hell collectively?

    Yes, that is right, who really knows? But the betting has to be made. Stay in sideline or find a position for your best! I believe the sky and then XAO since if I don't my life would be much worse now. What happen if the sky is gone? It is a fate to all of us and we could do nothing except accept. Be safe, be positive, be wise and intelligent without losing the hope.

    When will XAO be 10,000? If people retake the theme of the decoupling which held before GFC! Is it possible? Human instinctively will forget the pains and needs the bubbles!
     
  3. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    We are back at 4995, after a rough couple of days. Will 5000+ become the new black? Only time will tell. Happy Easter!



    Johny. :):):)
     
  4. Johny_come_lately

    Johny_come_lately Well-Known Member

    Joined:
    1st Jul, 2009
    Posts:
    703
    Location:
    SE Queensland
    It has been a rocky road the past couple of years. Lets hope it smoothes out.





    Johny.
     

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