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aussiebear

World Stock Markets Trading Discussion - Rakish ramp

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Early openers going for it: Kiwis +0.2%, Aussies +1.1%, Japan +0.8% and Sth Korea +1.1%.

In Aussie sectors, IT taking a turn at the top, +1.8% with Utilities at the other end, -0.4%.

 

 

t?s=%5ENZ50&lang=en-NZ&region=NZ&width=3

 

t?s=%5EAORD&lang=en-AU&region=AU&width=3

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w?s=%5EAORD&lang=en-AU&region=AU

 

 

It was all go for Aussie stocks..  All Ords finished +1.1% led by IT +1.8% and Financials +1.7% with Energy -0.4% the only down sector.

Over in Asia, China -0.2%, Hong Kong +0.2% Japan +1.5%, India currently +1.5%.

 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

https://au.finance.yahoo.com/

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This market is really turning the screws on bears. I do like the 1999 analogy here. That last blowoff lasted, what? 6 months? Into April 2000? This has the same kind of feel to me. God knows where it will end, but this spring sounds about right. 

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Resistance 2243-45. Once they get through that they'll head for the 5 day cycle projection of 2254-55. 

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3 day cycle projection 2248

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They even had Abbey "Ape" Cohen on BBR this morning, to help reminisce those days.

 

 

Usually a sell signal. 

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Resistance 2243-45. Once they get through that they'll head for the 5 day cycle projection of 2254-55. 

 

 

Almost there, but unless it drops below 2240, target is probably next resistance around 2258. 

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thoughts on the ECB reducing QE by 20 Billion a month next year? Does it even matter anymore?

 

As long as there are negative rates in Europe, capital will continue to flow toward US.

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Did I mention that the 5 day cycle projection is now 2278?

 

I didn't think so. 

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