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World Stock Markets Trading Discussion - Tiptoe through the tulips..


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w?s=%5EAORD

 

All Ords barrelled up +2.3% which puts us neatly at the first line of overhead resistance.  Most sectors had enthusiastic rebounds: Financials +3.8%, REITS +2.7% and Materials +2.3%.  Gold -2.8% and Telecomms -1.4% were the only sectors not to join the party.

Asian bourses had quite different results: China -7.6%, Hong Kong +0.7%, India +1% and Nikkei -4%.
 

 

On to UK/Europe:

 

 

t?s=%5EFTSE&lang=en-AU&region=AU&width=3

 

t?s=%5EGDAXI&lang=en-AU&region=AU&width=

 

t?s=%5EFCHI&lang=en-AU&region=AU&width=3

 

https://au.finance.yahoo.com/

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"The papers agreed, and this was also the informed view on Wall Street that the worst was over. And it was predicted that on the following day the markets would begin to receive organized support. Weakness, should it appear, would be tolerated no longer.

 

Never was there a phrase with more magic that 'organized support'. Almost immediately it was on every tongue and in every news story about the market. Organized support meant that the powerful would organize to keep prices of stocks at a reasonable level"

 

John Kenneth Galbraith, "The Great Crash 1929"

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