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aussiebear

World Stock Markets Trading Discussion - Lulled lamentations

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Over the weekend.....

everyone at the bar keeps saying

buy the dip....it does not matter......

 

>: right now....everything GREEN world-wide

Crime Pays....so does Lucky Ignorance........

 

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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 closed +1.2% with the biggest gainers being IT +2.8%, Energy +2.4% and Miners +2.3%.  Gold -1.6% lost the most.

Over in Asia, China +0.7%, Hong Kong +0.8%, Japan +2.4%, India currently +0.7%.

UK/Europe opening with modest rises: FTSE flat, DAX +0.3% and CAC +0.1%.

 

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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This week is pivotal.  If they don't pull back sharply, we probably won't see new lows until the second half of the year.  

 

http://wallstreetexaminer.com/2019/01/market-needs-to-break-this-level-to-assure-this-rally-can-persist/

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55 minutes ago, DrStool said:

This week is pivotal.  If they don't pull back sharply, we probably won't see new lows until the second half of the year.  

 

http://wallstreetexaminer.com/2019/01/market-needs-to-break-this-level-to-assure-this-rally-can-persist/

Noted but hard to believe. Hard to believe is often the best trade.

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Measured move implication of reverse head and shoulders breakout on the hourly is 2590 but little resistance until 2610. 

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