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aussiebear

World Stock Markets Trading Discussion - Cancerous cascade

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Early openers washed away by red: Kiwis -1.1%, Aussies -0.8%, Japan -2% and Sth Korea -1.8%.

Only one minor green sector in the Aussie market, IT +0.4%. On the downside, Energy -2.9%, Utilities -1.8% and Healthcare -1.2%.

 

All Ords

xao_1d.png

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

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All Ords 5-day chart

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

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%.

 

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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"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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The October 11 low was 2710.50. They'll probably take it out and then bring it back. Crash will have to wait till this afternoon.  

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