ASX 200 prediction

[Darc Knight]

Trade with North Korea = Zero so short of A Bombs there is no Down side to failure and only upside if there is a win (more than zero trade). And even a win is unimportant as the entire economy of N Korea = 2/5th of F.. all

Bit short sighted. If Kim lobs a bomb into Seoul or the threat of bombs flying around becomes real, the Markets will certainly react.

 

[barney]

Hi Beemer,

You did the right thing cutting your losses. You had your stop loss and you stuck to it.
If you had held on for a few more days you would have rewarded a bad trade precedent and set yourself up for a catastrophic account draw down at some future time.

That's (the bold bit) is actually very good advice @sasch … sorry about the loss @beemer … it happens … it sucks … it teaches … keep on plugging

 

[MarketMatters]

Heading into a rising wedge is going to dictate the move for the ASX200 before long. Bearish moves.

 

[IFocus]

Anyone notice this close below support today?

 

[Triple B]

yes . was just looking myself . there is a 200ma just below todays candle . interesting time .
could this be the shake-out before the breakout? or the start of a bear run . will be screening for short positions just in case!

 

[Garpal Gumnut]

Anyone notice this close below support today?

View attachment 89653

+1 +1

 

[Garpal Gumnut]

Agree.

 

[IFocus]

Impulse down continues 5980 ish for next support?

 

[MarketMatters]

Will be selectively buying in the 5900's

 

[IFocus]

Will be selectively buying in the 5900's

I was thinking the same in a small way any areas that you think are will be attractive?

 

[sptrawler]

If Labor get in I can see it testing 5,500 again, mainly due to banks, financials and housing related industries.

 

[Triple B]

If it goes below 6000 and does not jump back above quickly Im short everything!!

 

[MarketMatters]

I was thinking the same in a small way any areas that you think are will be attractive?

Yes this is the first area of support. Break here then we are off again lower. A rebound and cautiously bearish until we clear 6230 (22 trading day range ceiling). Stay with quality companies and away from high growth, high PE at present.

 

[tech/a]

From my Eyeballed measured moves
and analysis I feel this will likely RANGE between
5740 ish to 6370 ish---Stagnant.

 

[MarketMatters]

Well if you've been waiting for an entry like we have you'll be welcoming the US sell off overnight!

 

[IFocus]

Hmm that was a fair whack now to see if its holds inside of Techs range.

 

[MarketMatters]

You will be needing to update that chart today
Let's hope we bounce off the 5650 level.

 

[IFocus]

Bit of a reversal candle with volume buying, going up Monday or just a fake out pause?

 

[MarketMatters]

Technical traders in US will provide some guidance tonight if they step up to support. DOW has triggered various levels of support so will be interesting.

 

[IFocus]

Did not close on the low but volume showing buyers at this point not committing ( I am in that bunch) however maybe seeing the bottom of this range for a breather.....maybe?