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aussiebear

World Stock Markets Trading Discussion - Mystery maze

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Up and away again for the early openers: Kiwis +0.2%, Aussies +0.4%, Japan +0.9% and Sth Korea +0.2%.

Mostly up for Aussie sectors: Telecomms +1.8%, Healthcare +1.4% and IT +1.1% with Gold down the most, -1%.

 

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

 

All Ords wavered off into the ether to finish +0.7%.  IT +1.8% and Telecomms +1.5% gained the most with Gold the only down sector, -1.6%.

Over in Asia, China -0.3%, Hong Kong +0.2%, Japan +0.8%, India currently +0.2%.

UK/Europe bounding out of the starting box: FTSE +0.5%, DAX +0.3%, CAC +0.5%.

 

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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S&P sitting around the 38.2% Fibo from the Oct market high right here in the mid-2770's. The 50% fibo is very close to the 50-day MA and strong horizontal resistance @ about 2640.

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Ohmagawd. It's a CRASH.

If you don't believe me, check out the chart at the top of the right sidebar. By the way, I changed the default to a real time reading of the SPX.  

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3 hours ago, sandy beach said:

S&P sitting around the 38.2% Fibo from the Oct market high right here in the mid-2770's. The 50% fibo is very close to the 50-day MA and strong horizontal resistance @ about 2640.

There is a nice Fibo confluence of resistance there of both large  and smaller degree waves down.  Also this wave up has a nice A-B-C structure with A=C and a messy expanding triangle for B taking it right to the same level.  Gives this a good shot at being the turning point back down.  Still holding everything short except the biotech BIS closed with a nice gain.  Oh add that is fufilled backtesting the wave 4 area another EW rule.

SPX1.8.2019.jpg

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I know it's stupid but fear any market substantiation of our national drama queen.

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24 minutes ago, Jorma said:

I know it's stupid but fear any market substantiation of our national drama queen.

He will apoint Hulk Hogan as new Secretary of State

 

btw, R.I.P. Mean Gene Okerlund

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