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aussiebear

World Stock Markets Trading Discussion - Measured migration

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

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

 

All Ords managed to stay afloat, finishing the day +0.1%.  Gold +1.3% led the way and IT was down the most, -0.5%.

Over in Asia, China still closed, Hong Kong -0.2%, Japan -0.8%, India currently -1.1%.

Another down day for UK/Europe: FTSE -0.7%, DAX -0.8% and CAC -0.4%.

 

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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They are slightly below trend channel support at 2880. Expect snapback on first try. 

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Only downside projection not met is a possible 2868 on the 2 day cycle. 

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Depending on how fast the rebound is, I'm expecting resistance at 2888 or 2892. A rollover below2888 would be catastrophic. 

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