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World Stock Markets Trading Discussion - Dappled decor


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

 

All Ords didn't really go anywhere for the rest of the day.  The index closed -0.2% with sectors equally divided and ranging from Telecomms +1.9% down to Utilities -3%.

Over in Asia, China +0.4%, Hong Kong -0.5%, Japan +0.2%, India currently +0.2%.

UK/Europe looking perky: FTSE +0.2%, DAX +0.1%, CAC +0.3%.

 

 

 

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

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Trendline convergence at 2859 holds. Path of least resisitance is up at the moment. If they get through DTL at 2865, path of least resistance would be up, to next covergence around 2870. If they don't clear 2865, then they'll get squeezed toward triangle apext at 2862 at 2-3 PM.

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Yesterday and today's double bottom look like a powerful bullish setup. Let's see how far they get with it. First obstacle 2862-64. 

 

These tiny moves may look like hair splitting, but I think they're pivotal to the bigger picture. 

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Just so you know. The backup for the conversion is now running. So anything you post for the rest of today may not make it to the new install. Best to just hold off further comments if you have anything brilliant for the ages. We can resume when the new board is in either later today or in the morning.  

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It looks to me like nobody's selling except the occasional short. Which will help  one more bolt upwards before Labor Day.  It's would be gross malpractice to not have ATH on the DOW and S&P   on Sept 31. That or a stab in the back, like  January 30th.

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