Greynomad99 Weekly ASX review

[Greynomad99]

Here's this weeks ramblings about the XAO - https://sharecharting.com.au/blog-example.
One new trade that might be going somewhere - but in this market it is anyone's guess (but I'm still thinking price might rise from Friday's close!).
Good luck to the brave prepared to trade in these difficult times.

 

[Greynomad99]

My thoughts on where the market might be going can be found in my blog here - https://sharecharting.com.au/blog-example

Gold seems to be making a resurgence and I comment on what the chart of the Gold index tells me. In such a volatile market trading remains a game of Russian Roulette (and I'm not sure how many chambers are loaded!), however, one gold stock does look to interesting.

 

[qldfrog]

My thoughts on where the market might be going can be found in my blog here - https://sharecharting.com.au/blog-example

Gold seems to be making a resurgence and I comment on what the chart of the Gold index tells me. In such a volatile market trading remains a game of Russian Roulette (and I'm not sure how many chambers are loaded!), however, one gold stock does look to interesting.

By the way, thanks for sharing your thoughts ?

 

[Greynomad99]

By the way, thanks for sharing your thoughts ?

Sharing in a public forum is a great way of focusing your thoughts and not act too hastily in respect of trading options before you!

 

[qldfrog]

Sharing in a public forum is a great way of focusing your thoughts and not act too hastily in respect of trading options before you!

My own journal follows that.i would not dare lying to myself or tweak systems nillywilly sp? .that would be breaking the pact with any followers

 

[Greynomad99]

For once Friday didn't put a dampener on my weekend (although the Melbourne weather suggests building an Ark could be a good lockdown project) My Blog is out for those interested : https://sharecharting.com.au/blog-example
My Blog discusses the outlook for the market, which could be poised to fall back next week (sorry!). I also put forward NCM and OZL as a couple of stocks to think about.

 

[Greynomad99]

Hi - another blog is here: https://sharecharting.com.au/blog-example

Another uninspiring week (especially for me as I am holding IFM which got a bloody nose after the CEO left. On a brighter note, there is a hint in the XAO chart that the current rally in prices could continue towards 8,300 - providing it can break above the resistance level it is currently stuck on.

 

[Greynomad99]

I meant to ask if CSL could get to $400 in my blog last weekend but ran out of time. I've also dropped this info under CSL's posts elsewhere on ASF. A bit technical - but academically interesting.

CSL - 24 June 2022 - Robert Norman Share Charting

 

[Greynomad99]

Catch this week's blog here: https://sharecharting.com.au/blog-example
Still no clear view of the XAO's intended future direction but hints of a 10% correction are getting stronger. I also ask whether ORI could make a 100% gain on its recent $11 low (a double bottom).
Happy trading.

 

[Greynomad99]

I'm taking a break for a couple of weeks so this weeks blog is necessarily brief: https://sharecharting.com.au/blog-example

 

[qldfrog]

I'm taking a break for a couple of weeks so this weeks blog is necessarily brief: https://sharecharting.com.au/blog-example

Enjoy the break?

 

[Greynomad99]

Enjoy the break?

Thanks - apart from Thursday for lunch with a friend I haven't been out of the Melbourne metro area for 3 months - so yes, a break will be good.

 

[Greynomad99]

I'm still on the road and as such, this weeks blog is very basic. Hopefully, I will be back in the traces next week.

Here's this week's comments: https://sharecharting.com.au/blog-example

 

[qldfrog]

I'm still on the road and as such, this weeks blog is very basic. Hopefully, I will be back in the traces next week.

Here's this week's comments: https://sharecharting.com.au/blog-example

Don't forget to enjoy..going past Qld?..pm me if our despot let you in and you are in the sunny coast,i can shout you coffee?

 

[Greynomad99]

Don't forget to enjoy..going past Qld?..pm me if our despot let you in and you are in the sunny coast,i can shout you coffee?

Not getting as far as Queensland given border restrictions - just a lap of Victoria. It's mad really. Victorians can now travel all of the states. NSW is the same - so why can't we cross the border. At Koondrook on the Murray the Police were checking cars coming in from Barham 200 metres away on the NSW side. What a waste of Police resouces. Travelling up to the far SW corner of Qld in April and into NSW in February - so I hope some sanity sneaks into the system by then.

 

[qldfrog]

Not getting as far as Queensland given border restrictions - just a lap of Victoria. It's mad really. Victorians can now travel all of the states. NSW is the same - so why can't we cross the border. At Koondrook on the Murray the Police were checking cars coming in from Barham 200 metres away on the NSW side. What a waste of Police resouces. Travelling up to the far SW corner of Qld in April and into NSW in February - so I hope some sanity sneaks into the system by then.

I would not hold much hope sadly.politicians do not release control and power willingly.
Only revolution.. unlikely..or vote...for real democracies.
but if on the next election booths can made a no go zone for not vaccinated 1,2,3..n times or boosted against a greek letter.
Thanks God we will have postal and electronic vote by then..Ask the US
Enjoy your trip
Always adding your input to my market view.

 

[Greynomad99]

Having escaped Melbourne with a short post-Covid road trip over the past 2 weeks, my weekly blogs haven't had much to say. This week's is a bit more wordy with several new stocks identified as having potential (not to be confused with 'guaranteed to fire'). I have also updated my musings on the XAO - which remains undecided whether it can stretch to another short rally or rollover into a correction/bear market. I'm still holding with the 'bit more gas in the tank' theory, while nervously looking over my shoulder.
Hope you find something interesting - https://sharecharting.com.au/blog-example

 

[Sean K]

https://sharecharting.com.au/blog-exampl

Having escaped Melbourne with a short post-Covid road trip over the past 2 weeks, my weekly blogs haven't had much to say. This week's is a bit more wordy with several new stocks identified as having potential (not to be confused with 'guaranteed to fire'). I have also updated my musings on the XAO - which remains undecided whether it can stretch to another short rally or rollover into a correction/bear market. I'm still holding with the 'bit more gas in the tank' theory, while nervously looking over my shoulder.
Hope you find something interesting - https://sharecharting.com.au/blog-example

Good to see you’re on the gold train GN. I think your XAO chart needs to be done on algo axis, it gives a slightly different 10 channel but ultimately very similar.

 

[Greynomad99]

Good to see you’re on the gold train GN. I think your XAO chart needs to be done on algo axis, it gives a slightly different 10 channel but ultimately very similar.

I've never really felt comfortable working with logarithmic scaled charts so I've stuck with the old-fashioned unadorned versions (something like myself I guess).
The 'train' might struggle to get rolling today given the US market had the wobbles Friday, and futures here are in the red.

 

[Rabbithop]

I've never really felt comfortable working with logarithmic scaled charts so I've stuck with the old-fashioned unadorned versions (something like myself I guess).
The 'train' might struggle to get rolling today given the US market had the wobbles Friday, and futures here are in the red.

Morning GN. Hope you are gearing up after your short break. All strength needed to roll the train today. Holding my breath with some gas in my tank waiting for the opportunity.