Sean K
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Bearish, as in no definite break from sideways I suppose. Looks like an area to me. But I suppose we can put circles and lines around anything we choose and turn into EW.
Bearish, as in no definite break from sideways I suppose. Looks like an area to me. But I suppose we can put circles and lines around anything we choose and turn into EW.so you saying if it doesnt go up its bearish?
that area doesnt look like an area whatsoever to me
Opened up a very small sell CFD on the Aussie 200 as a hedge. Be very surprised to see 4450 broken this week. With a strong Aussie dollar profit taking euro budget arguments Israel conflict and the fiscal cliff resolution looking like it's built-in to the current levels I see a fall to 4380.
Down very slightly on the CFD. Portfolio up 6.5% last week.
Hardly needs the huge graph to see 4450 is the new resistance , and more than likely won't be left behind this week.
My Opinion -the XJO
My Opinion -the XJO
I'm not sure what to make of this one to be honest.
Just my 2c
Where do you source the ASX P/E ratio and div yields from?
52 week highs & lows would be interesting but I'm not sure where to find the data (without paying for it)
healthy or not...the smalls just seem to go the wrong way month over month, all excuses aside
I like it. That will take us back to the 09 low, yes? Might have to sell my pants to get in around there.i might be waiting on side of mountain with mouth wide open for roast chicken to fly in......but....you get the idea....
I like it. That will take us back to the 09 low, yes? Might have to sell my pants to get in around there.
up or down, you essentially start each session at zero, active or flat.....
price may often "look" at resistance, in other words, that's the new vpoc level, the point of volume control where one set of accounts says i'll sell each time we hit this zone, of course, each time that zone is hit it's because the accounts on the other side of that trade are taking price into that zone, otherwise, one set of accounts would exceed the supply or demand of the other side, what you might call pressure....the point is, at what point do you decide when one group applies enough pressure to trend to cause continuance? the answer is in the price and within those sizeable accounts the anecdotal ideas are already weighed and examined, i mean, the reason to be long or to close is already written by those accounts and rarely, if ever, examined and weighed correctly by the retail public....this brings you back to strictly price itself....the action you'll take at a specific level based upon price alone, not an anecdote or an abstract line on a chart or fundamental equation that cannot be dated......
resistance takes many shapes and forms, can come in a simple form of one buyer, a final buyer, simply refusing to pay a higher price and that's how many extremes of price are formed.....we are not yet seeing a strong, larger trend degree, of lower prices, yes, we are seeing lower hourly index price but the context is the key not the price direction within a single time frame......the context of anecdotal or fundamental ideas is far less reliable from a timing perspective than most traders admit, but, what it most definitley does, imhe, is cause a trader to slip unwittingly into an emotional logic that they find themselves defending to their own detriment......
again, IMHE
Below is an updated look at our global market snapshot, which highlights the one-year trading range charts for the major indices of the twenty largest countries by market cap around the world (ex-US). In each chart, the light blue shading represents the index's "normal" trading range, which is between one standard deviation above and below the 50-day moving average. The red zone represents between one and two standard deviations above the 50-day moving average, while the green zone represents between one and two standard deviations below the 50-day. Moves into or above the red zone are considered overbought, while moves into or below the green zone are considered oversold.
While the market here in the US has bounced nicely over the last two weeks, the S&P 500 remains below its 50-day moving average. Most countries shown below are trading above their 50-days, and quite a few are even overbought. The overbought countries include Australia, Hong Kong, France, Germany, India, Japan, Mexico, South Africa, Sweden and Switzerland. And while not overbought, Taiwan, the UK, Singapore and Spain are at the top of their trading ranges.
There are a few countries that aren't doing so well, however. These include Malaysia, Russia and China. China looks the worst by far.
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