- Joined
- 30 June 2007
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Yep thanks. The low vibe around the election appears to be putting a halt on upwards movements, so it's either flat or down or small rebounds getting sold into. Hope to close out on election day around 5150.
A good day to sell. Trump is only interested in looking after the US, and I think the Aus market will under-perform today. SPI up strongly but I'm not feeling it. Ords should be +138 before backing off.
We have a date with at least the 5800 handle first and new highs in the US indices.
Thereafter IMO it's a different ball game
Yeh I'm back long. That close is too strong, so 5440 new target for me.
Yeh I'm back long. That close is too strong, so 5440 new target for me.
I'm relaxed and comfortable, for now. Candlestick theory has something to say about long lower shadows. The US Presidential Election caused unexpected volatility around 8 November.
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I am agreed. Looking at the SP500 my own cycles model suggests a move 2500+ before this long term bull market move finally becomes at risk. If history is any guide over the last 5 years, this probably won't translate into an equivalent % move in the All Ordinaries as our markets have been sluggish. Nevertheless I am expecting some positive moves in the months ahead, but the volatility may remain between now and xmas.
Nice green zone tag there GB. Don't know about a 3 to 5 day flag formation though. Be a bit thin on the cotton.Sold my long because it was smack bang in the middle of the green target zone at close. Looking for a flag to form, and get back in long some time over the next 3-5 days.
Nice green zone tag there GB. Don't know about a 3 to 5 day flag formation though. Be a bit thin on the cotton.
Stocks aren't reverting too well, and there's a lot of stocks undergoing major and prolonged sell offs.
Many of the mid-cap stocks that have been performing really well for many months are retracing hard. Impulsive price action lower suggests a larger correction is taking place.
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