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aussiebear

World Stock Markets Trading Discussion - Icy illusions

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A nasty opening slide for the early openers: Kiwis -0.7%, Aussies -0.9%, Japan and Sth Korea closed.

Crunch time for Aussie sectors: Energy/IT -2.2%, Consumer Discretionary/Staples -1.4% with Gold the only gainer, +0.5%.

 

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

 

Punters were not to be consoled with All Ords off the lows but still showing a stiff loss on the day, -0.9%.  Sectors ranged from IT -1.9%, Consumer Discretionary/Staples -1.7% to Gold with a small gain, +0.5%.

Over in Asia, China down a whopping -5.6%, Hong Kong -2.9%, India currently -0.9%.

UK closed but the main European players doing the dive: DAX -1.7%, CAC -2%.

 

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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5 day cycle projection 2900 established and virtually hit by the opening bar.  

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It looks just like the October 1987 bottom. 

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2 day cycle projection  2932. 

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17 minutes ago, DrStool said:

It looks just like the October 1987 bottom. 

It looks like almost any other rally day to me if you ignore where it started from.

Still, unless technicals don't count anymore the bull has been wounded.

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Low in the morning, walk em' higher all day

Flo-Bot style....

Not a damn thing changed

>: All that is left is the End Of Day Jam Job to make it all green.......

>:: Someone got another tap on the shoulder at 1 sharp........

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This is sickening. Trump is simply disobeying subpoenas, lawful documents requests, required reports to Congress. There's no one to enforce the law. He is the law.  Now he wants two more years added to his term. The House is powerless. Who will stop him? 

We live in a dictatorship.   

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