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aussiebear

World Stock Markets Trading Discussion - Hypnotic hyperbole

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All Ords 5-day chart

big.chart?nosettings=1&symb=AU:XAO&uf=0&

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

 

Another down day for All Ords which now brings us back to a support level ..  The index closed -1.2% with sectors ranging from Gold +3.8% down to Energy -1.8%.

Over in Asia, China -0.3%, Hong Kong flat, Japan -0.9% and India +1.5%.

UK/Europe off the lows: FTSE -0.4%, DAX and CAC -0.2%.

 

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big.chart?nosettings=1&symb=FR%3APX1&uf=

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

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The NY TImes today has a top line story about congress and the fiscal/appropriations process and the debt ceiling.  All the standard narrative stuff but since it's on top there the story will be in play for awhile.

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28 minutes ago, Jorma said:

The NY TImes today has a top line story about congress and the fiscal/appropriations process and the debt ceiling.  All the standard narrative stuff but since it's on top there the story will be in play for awhile.

Good. Did they give an ETA for crunch time... when the govt runs out of money? 

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5 day cycle will be bullish if they hold above 2758. 

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