asx correction

  1. 54,258 Posts.
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    1. avance decline line indicates that their are more stocks starting to fall than rise.
    2. Arms index indicates that buying volume is beginning to decrease.
    3. high number of new floats.
    4. increase in takeover activity.
    Still holding but beginning to looks at divie defence stocks - we have entered into dangerous grounds.

    Very hard to see value now as we have entered into an enormous spec binge on the micro/small cap sector.

    Have bought a few but I am now trading with small margins as protection.
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