Well looks like whoever those institutions or people were that were taking the market up every day around 1130 to 1230 got the living crap smacked out of them today.
I thought they were trying hard to keep the ASX 200 up over 6000 because everytime it went near that level in came the ppt and boom up she went.
CBA now down to $73.23 aud.
Getting toward good buying prices me thinks. If it goes under $70 I will think seriously of taking some.
It depends what the wider market is doing though.
I am not going to try and catch the falling sword, been there done that and have the scars to show for it.
Really I know this sounds evil but I cant wait for a big fall say down to 4000 or lower, when it starts to level out I may start buying. Im waiting for the property market as well, but given the RBA refuses to raise rates I think we may be waiting a while longer yet although just the threat that is around now may be enough for people to flee the property market.
