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aussiebear

World Stock Markets Trading Discussion - Hilly highways

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All Ords 5-day chart

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

 

All Ords got completely carried away and finished the day +1.3%.  Most sectors were up led by IT +2.3% and Healthcare +1.9% with Gold unsurprisingly down the most, -1.7%.

Over in Asia, China +1%, Hong Kong -0.9%, Japan +1.5%, India currently  -0.4%.

UK/Europe starting out quietly: FTSE +0.1%, DAX flat, CAC +0.1%.

 

 

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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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When the SPEWS were up 20 something overnight combined with one of the greatest nipple formations of all time we knew some sort of bottom was in. Right?

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2660 is the key level again.  R line is there and 2665. If they hold, bears are still in control. If they get through those,  look for 2688-90. 

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2 day cycle projecgion 2677. Resistance trend convergence on the hourly chart 2678. 

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I think the next 30 minutes are critical. If they stick around here, afternoon should see a meltup. But if this rolls over, crash potential goes way up.  

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