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aussiebear

World Stock Markets Trading Discussion - Mangled monolith

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Another day of negative onslaught for the early openers: Kiwis flat, Aussies -0.1%, Japan -1.1%, Sth Korea -0.8%.

Aussie sectors are ranging from Telecoms +2.1%, Utilities +1.3% down to Miners -0.4%.

 

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 managed to squeeze out a gain for the day, +0.4%.  Utilities +2.2% and Telecoms +2.1% were the main gainers with Materials/Miners at the other end, -0.3%.

Steep losses in Asia: China -1.5%, Hong Kong -2.4%, Japan -0.9%, India -0.6%.

Down for starters in UK/Europe: FTSE -0.4%, DAX -0.8%, CAC -1.3%.

 

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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Another day. Another buy the dip failure gap. 

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Only 20 SPX points to go before we wipe out April.  April!  I'm trying to say that the scale of the post 2016 election rally is so gigantic that it's hard to imagine it even being dented. We may well get there but at this point it isn't even a gleam in the eye and without something like that nothing has changed. And then there's TNX. 

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I'll stick my neck out and say again that it was the greatest "rally that fools the majority" in history. 

I kind of think that the death of US democracy is kind of bearish. 

Just look at that broadening top pattern on the weekly. 

 

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Hourly downtrend channel bottom is around 2854. Shport. 

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1 minute ago, DrStool said:

I'll stick my neck out and say again that it was the greatest "rally that fools the majority" in history. 

I kind of think that the death of US democracy is kind of bearish. 

Just look at that broadening top pattern on the weekly. 

 

I don't disagree. It isn't going to play out in any short term, probably.  I mean I can think of how it would but being  old and comfortable would prefer not to see it. Even then the bad bad stuff would mostly happen to others, first.

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Outspoken critics of the Regime will be first to face the firing squads. First they'll come for the opposition politicians. Then they'll come for the journalists. Then they'll come for people like me. 

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2 day cycle projection 2856 blown out. 

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Latest 5 day cycle projection 2846 done and then some.

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