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aussiebear

World Stock Markets Trading Discussion - Billowy bravado

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Early openers looking optimistic: Kiwis flat, Aussies +0.1%, Japan +0.8%, Sth Korea +0.9%.

Miners +2.2% and Materials +1.6% are the main gainers in Aussie sectors with Telecomms down the most, -1.4%.

 

 

All Ords

xao_1d.png

http://www.abc.net.au/news/business/

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Biotechs in a choppy B-wave channel working upwards for 2 years after a parabolic 5 wave bull market exhausted and the first bear market wave A going down into the wave 4 price area and testing the exact 50% retracement level.  Very B-wave like action here, choppy and channeling.  Before the next big wave down © this needs to go back to the bottom of the channel.  Looks like already they may be on their way. Worth keeping an eye on that lower channel trend line and how the other indices patterns are positioned! 

post-10689-0-33981900-1521698768_thumb.jpg

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

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

 

 

All Ords rollercoastered sideways to finish -0.2%.  Sectors ranged from Miners +2%, Materials +1.4% down to Telecomms -1.7% and IT -1.3%.

Over in Asia, China -0.5%, Hong Kong -1.1%, Japan +1%, India currently flat.

 

 

On to UK/Europe:

 

 

FTSE

chart.jsproto_large.chart?INDEX=UKX&XAXI

http://www.hl.co.uk/...ummary/ftse-100

 

 

 

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

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

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2 day cycle projection 2688 done. 

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I guess someone got their marching orders at the US opening bell.....

 

wonder if the whip was applied in the Fed Basement....... :huh:

 

>: Crack that whip......cause we are DEVO

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5 day cycle projection 2665. Multiple support lines on the hourly between 2677 and 2670. If they break, Crash City. 

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5 day cycle projection 2665. Multiple support lines on the hourly between 2677 and 2670. If they break, Crash City.

 

 

Is that near Peoria?

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Hurst 5 day cycle projection now 2660.  3 day 2656.  Last of multiple support lines being tested at 2670. Next downtrend support at 2664. If these levels do not hold, all hell will break loose. Longer term projections and support/resistance 90 day trial http://wallstreetexaminer.com/are-you-an-active-trader/

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