The following charts are for gold, but it's a similar story for other commodities. The AUD price is rising and with further falls in the AUD it gets better.
Man I gotta agree with T/H.
Whiskers i was never that good at ball sports.
But I do love a bit of sport......
sport
Noun
1. an activity for exercise, pleasure, or competition: your favourite sport
2. such activities collectively: the minister for sport
3. the enjoyment gained from a pastime: just for the sport of it
4. playful or good-humoured joking: I only did it in sport
5. Informal a person who accepts defeat or teasing cheerfully
6. make sport of someone to make fun of someone
7. an animal or plant that is very different from others of the same species, usually because of a mutation
8. Austral & NZ informal a term of address between males
Verb
This isnt even high school economics.
But I guess if you still hold to the theory that the world is headed for recession and stock markets will go lower, oil staying high and commodities going lower, then I suppose you don't see the significance ot it.
So what are we suggesting for today. SPI Futures are down 20 odd points, so the market will open lower - will it hit the 5150\5200 mark..? or go bear below 5000..?
I hope nobody bought up on the ludicrous euphoria on Monday.
Tech\a - very intersting. I agree, except for when major news hits like the US government bailing out Freddie Mac & Fannie Mae. So what is your prediction for today, it currently sits at 4840ish... down another 100..?
Nice short opp on a break down through 4800..I've not sure if I'm using 'Andrew's Pitchfork' correctly,.. but it seems that the lower channel has failed to hold. Not sure what this means, but i'm putting on clean underwear just incase...:
"If you go out in the woods today
You're sure of a big surprise.
If you go out in the woods today
You'd better go in disguise.
For every bear that ever there was
Will gather there for certain, because
Today's the day the teddy bears have their picnic...."
:horse:
I've not sure if I'm using 'Andrew's Pitchfork' correctly,.. but it seems that the lower channel has failed to hold. Not sure what this means, but i'm putting on clean underwear just incase...:
5 EW'ers will have 10 different opinions, and then be able to adjust those opinions on a daily basis to suit one of the 'rules' about EW.Lol. That's very funny.
Do EW'ers think it's a valid proposition?
5 EW'ers will have 10 different opinions, and then be able to adjust those opinions on a daily basis to suit one of the 'rules' about EW.
Just what happened to skyhawk and his love for wavepicker anyway?
Oh, Kennas you are such a cynic.
I'll just have a look through my Elliot Wave for beginners book
Lol. That's very funny.
This doesn't apply to the XAO, but if correct goes north with my XAO forecast.
Do EW'ers think it's a valid proposition?
Do EW'ers think it's a valid proposition?
What caused the spike in the all ords just before?
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