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World Stock Markets Trading Discussion - Dingy digits


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All Ords 5-day chart

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

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

 

Oops, the 5-day chart is looking ominous ...  All Ords drifted down to finish -0.2% with Gold +1% the chief gainer and Healthcare down the most, -1.1%.

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

Twitchy in UK/Europe: FTSE +0.1%, DAX -0.2%, CAC flat.

 

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From the Department of "I guess something works, until it doesn't".

Approx. 10 point range for several days. Boring, but actually a decent trading week, all things considered. At least until mkt decides to break out or down from the trading range. Pretty easy to place your orders and stops (and bets). Well, until it isn't. 😊

 

Screen Shot 2019-12-19 at 8.04.31 AM.png

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59 minutes ago, DrStool said:

All that money the Fed is constantly pumping into the market will bring us to no good end.  

But it is what it is until it isn't. 

There will be warning signs. 

Ironically, the more warning signs we see, the more pumping will occur.  Confidence in the currency is about the only thing holding this together. When that fails, more pumping and monetary inflation will become the cancer not the answer.

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