Bad news people.
I've just stumbled upon this blog article:
Australia to enter a very sad period
It's not good. According to the author the 2007 top completed a one hundred year Elliot upwave and we are now only just starting to slide into a corrective pattern that will see the All Ords "mean revert" down to 2,200.
View attachment 52147
Personally I find it hard to see the Elliot wave in that chart.
Hold onto your hats and don't say I didn't warn you.
Bad news people.
I've just stumbled upon this blog article:
Australia to enter a very sad period
It's not good. According to the author the 2007 top completed a one hundred year Elliot upwave and we are now only just starting to slide into a corrective pattern that will see the All Ords "mean revert" down to 2,200.
View attachment 52147
Personally I find it hard to see the Elliot wave in that chart.
Hold onto your hats and don't say I didn't warn you.
Bad news people.
Personally I find it hard to see the Elliot wave in that chart.
Hold onto your hats and don't say I didn't warn you.
Elliot wave guru's
Can someone please do a study to collect all there top calls from these nutz.
Personally I find it hard to see the Elliot wave in that chart.
Elliot wave guru's
Can someone please do a study to collect all there top calls from these nutz.
Why is the market down after this morning's session?
‘‘I think it’s because [investors] are absorbing the budget and getting down to the fine detail of those policy statements and spending,’’ RBS Morgans Ipswich manager Tony Russell said
Read more: http://www.smh.com.au/business/mark...e-asx-slump-20130515-2jlg3.html#ixzz2TKFmZOxg
‘‘There’s also ongoing concern with what’s happening in China at the moment and with the Australian dollar.’’
Read more: http://www.smh.com.au/business/mark...e-asx-slump-20130515-2jlg3.html#ixzz2TKJ6c88E
1:22pm: This says it all really:
Brooke Corte @brookecorte
Australian market having a shocker today. Having opened +0.5%, currently -0.9% as commodities tumble #ASX #ausbiz
1:17 PM - 15 May 2013
No it doesn't. Why? We need to know why? Poppy seed glut? Fears of an unexpected twist on tonight's 'House Rules'?
I just can't tear myself away from the markets live blog today in case I miss some really important news.
http://www.smh.com.au/business/markets-live/markets-live-miners-drive-asx-slump-20130515-2jlg3.html
The number of Australians directly owning shares fell to the lowest level in more than a decade as the global finance crisis has sapped investor confidence and crimped returns.
The latest Australian Share Ownership Study, run by the Australian Securities Exchange, shows the number of investors directly owning shares has fallen to 34 per cent, down from 39 per cent in the last survey in 2010.
Total share ownership, which includes exposure to the sharemarket through unlisted managed funds, has fallen to 38 per cent, down from 43 per cent in 2010.
A lot of stocks off their highs.
Banks stabilized but no way they will push up from here for a while, TLS same.
Big miners and other industrials lackluster, uninteresting charts.
Small miners, some opportunities off very low lows.
Another rough night on sycom, things are starting to look messy now.
Great call tech, hope you traded it.
Hardly surprising the market continues to fall -
Treasury secretary Martin Parkinson calls for calm over WA recession fears = panic
Asbestos TLS - no big deal maybe..........= mild panic
Union raises fears that Telstra communication pits contain deadly banned pesticide dieldrin - starting to look iffy there
Money pouring out of Australia -
and to top it off -
ABC refutes claims of axe for Bananas In Pyjamas
It will turn when all this subsides.
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