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aussiebear

World Stock Markets Trading Discussion - Adjourned accolades

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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 meandered sideways for the rest of the day, closing -0.8%.  Sectors were mostly down: Miners -2.2%, Materials -2% and Consumer Staples -1.8%.

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

UK/Europe off and running: FTSE +1.1%, DAX +1.2%, CAC +1.5%

 

big.chart?nosettings=1&symb=UK:UKX&uf=0&

big.chart?nosettings=1&symb=DX:DAX&uf=0&

big.chart?nosettings=1&symb=FR:PX1&uf=0&

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

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19 minutes ago, Jorma said:

What's this all about then?  Existing home sales?  WTF

Maybe it's just about another return to the scene of the crime at the 8/8 line around 2930-ish on ES? Occam's Razor (at least a guy can hope, though it's rarely that easy or simple).

489491574_ScreenShot2019-08-21at8_36_20AM.thumb.png.e22817655b80c24ebc8809f633627302.png 

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But that upsloping green Gann Fan line around 2920 that the market has been crawling up since late  yesterday afternoon has to break decisively first, or I have my doubts we are done to the upside just yet. 

OK, now I'm talking to myself. Sounded better in my head than it looks on a chart. 😊

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The dinosaur pattern normally resolves to the upside. 

Capture.PNG

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Trump declares himself the King of Israel. Market tops out. 

 

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Amazing how they pin the market in a millionth of a percent trading range all day. 

Then gap it on the open the next. 

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