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aussiebear

World Stock Markets Trading Discussion - Operatic offloading

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Gloom and doom for the early openers: Kiwis -1.3%, Aussies -2%, Japan -2.2%, Sth Korea closed.

Heavy losses for most Aussie sectors: Energy -3.4%, Telecoms -2.8%, Financials -2.6% with Gold once again the only gainer, +3.5%.

 

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

 

No signs of recovery so far: All Ords closed -2.1% with the biggest losers being Telecomms -3%, Energy -2.9% and Financials -2.6%.  Gold remained the only green sector, +2.5%.

Over in Asia, China closed, Hong Kong +0.3%, Japan -2%, India currently -0.5%.

Mixed in UK/Europe: FTSE -0.6%, DAX closed, CAC +0.7%.

 

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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Playing around with the ES daily chart today and just thinking out loud here, but 2812 has been a pretty decent support and resistance level going back to last year. Wondering if maybe we touch it say, tomorrow, then have one of those patented vicious rallies for several days, maybe top out around October 10, then back down? On or around October 10 seems to frequently mark important highs or lows in the past.

Also, last 2 declines of note have been 232 and 253 points. A decline back down to 2812 would be about 213 points, in the neighborhood of the last 2 declines.

If we match either of the last 2 declines before a bounce, if my math is correct we would be looking at about 2794 or 2772 before a bounce.

Also on 64M chart this morning we touched the last Gann Fan support line drawn from August 25 low, so not surprised we jumped about 30+ points off that line, at least the first time down to it.

 

 

Screen Shot 2019-10-03 at 8.53.07 AM.png

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Impressive. Tomorrow's low has been rescheduled for today, so looks like 2812 has to wait for awhile. 2850-55ish and that 1/8 line pretty darn tough to crack as well! ☹️

 

 

Screen Shot 2019-10-03 at 9.20.19 AM.png

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2 minutes ago, DrStool said:

Quelle est la raison du jour? 

 

Make your own up, that is what they do.........

Zirp is still on it's way, plus some others.......

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1 minute ago, DrStool said:

You all sprechen ze francais, eh? 

I extrapolated your phrase with "soup du jour"...........

La raison est Chicken Noodle.........

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