Mate, I posted a chart a few posts ago with some blue and red lines on it.What's your thoughts mate on the future direction of the market?
I actually stated this on threads before hand two weeks ago,And actually i see alot of threads of recent saying "no the bulls are in control at the moment",Actually im making a statement which many people don't make on this site,I mean there quick to dis-credit information but they dont state there thoughts on the future direction of the market.Think cause there not sure or there worried they might be wrong and there bruise there ego.
Me personally i could be wrong but my guess is the market will pull back 4100-4150 range in the next few weeks.
What's your thoughts mate on the future direction of the market?
I hope so too for the sake of my super funds.
That's an hourly chart BTW. I would post a XAO chart if I had one.
Who cares what other people think so long as your making money off the move
Mate, I posted a chart a few posts ago with some blue and red lines on it.
Wait...so, what are you saying? This is the beginning of the move down to break the march lows? Sounds to me like a "pull back" to 4100 implies the "bulls are in control" ? Which is what "alot of threads are saying". So you're no different to everyone else? Would you like a medal?:
Im saying the pull back will be in the next few weeks around 4100-4150,And actually it does say weeks,not months.
Cause generally I havn't got time to ramble all day cause i am trading 5 CFD shorts at the moment,I'll be back later to further comment.
But if your are asking me of the future circumstances on the xao on the next coming months,The resistance key is 4060(xao).
Yeah, but not too much of that has anything to do with the current charts and future direction imo.i think its hard to remain bullish at the moment.... too much bad info contradicting the rises
think metals will have to pull back after the "de-stock, re-stock" we've just seen... even Klopers is saying the prices are overcooked and the outlook isnt great........ when BHP AND RIO are telling you the outlook isnt great i think you listen!
US job losses STILL increasing.... US late mortgage payments increased to a record - 1 in 8 yanks are either delinquent or in the foreclosure process... and has moved to "prime" mortgages because of job losses....... and the US banks go up
So, i'm pretty bearish at the moment.
Yeah, but not too much of that has anything to do with the current charts and future direction imo.
We all know the US is bankrupt, California are giving their garbage men IOUs, Australian's unemployment rate is a crock, US unemployment rates are going to 11%, and China is misrepresenting growth, etc etc.
We know this.
The March low factored in quite a lot of the pain, and we will see it.
Market may have overshot itself for now with so much cash on the side people were bound to jump in and many probably have so too late.
For the past 5 months the trend has been to buy on dips, and until some important support levels are broken and punters start to really panic again, that will be the case.
I certainly agree the short term chart/candles look very ordinary....
Longer term, if the debt isn't closed off and inflation controlled, oh dear...
Yeah, but not too much of that has anything to do with the current charts and future direction imo.
........
For the past 5 months the trend has been to buy on dips, and until some important support levels are broken and punters start to really panic again, that will be the case.
I certainly agree the short term chart/candles look very ordinary....
Longer term, if the debt isn't closed off and inflation controlled, oh dear...
No offense mate but if you think that is panic and a lot of selling, you obviously haven't been in the market for very long.
What's caused the market to go for a row of dunnies today ?
What's caused the market to go for a row of dunnies today ?
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