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World Stock Markets Trading Discussion - Cancerous cascade


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All Ords 5-day chart

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

 

Things went from bad to worse for All Ords.  The index closed -1% with all sectors down led by Energy -3.2%, Utilities -1.9% and Telecomms  -1.3%.

A similar story in Asia:  China -2.3%, Hong Kong -3.1%, Japan -2.7%, India currently -1%.

UK/Europe following the general trend: FTSE -1%, DAX -2.2% and CAC -1.4%.

 

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

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

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"any rally that fails to clear resistance in the 2817 area would be a sign that the 6 month cycle up phase would merely be a consolidation in a new bear market. Conversely a drop below 2700, and particularly 2690, could ignite a crash."

http://wallstreetexaminer.com/2018/10/here-are-the-keys-to-whether-stocks-crash-or-rally/

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