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aussiebear

World Stock Markets Trading Discussion - Burning bridges

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big.chart?nosettings=1&symb=AU%3AXAO&uf=

http://bigcharts.mar...com/default.asp

 

 

All Ords trickled down in fits and starts to finish -0.2% for the day.  Sectors ranged from Consumer Staples +0.8%, Gold +0.6% down to Financials -0.8% and REITS -0.5%.

Over in Asia, China and Hong Kong +0.4%, Japan flat, India currently +0.6%.

 

 

On to UK/Europe:

 

 

big.chart?nosettings=1&symb=UK%3AUKX&uf=

 

big.chart?nosettings=1&symb=DX%3ADAX&uf=

 

big.chart?nosettings=1&symb=FR%3APX1&uf=

http://bigcharts.mar...com/default.asp

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5 day cycle projection 2831...

 

at least

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3 day cycle projection 2825

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2 day cycle projection ditto. 

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If they take out 2825, next R is around 2840, and its uptrending, of course. 

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As you said Lee. "The market has gone parabolic. Even on a log scale chart the angle of ascent has steepened. Such parabolic moves are typical of the final phase of a bubble blowoff."

 

I strongly believe it won't be different this time. However it should be considered that it could seem to be different this time because it is no longer a "market".

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Seems like it has enough juice to get to 3000. 

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The Street Dot Con had a headline that essentially called bears the dumbest bastards on earth. We're gettin close. 

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