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World Stock Markets Trading Discussion - Tricky trails


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No Yahoo live charts avail today and Yahoo have been changing over to interactive charts in recent times.  The crude oil chart had already disappeared and it remains to be seen whether Kitco will go the same way.  The site won't be the same without those charts as basically we're a technical analysis website.  We might have to do a rethink on whether to keep the site going but ultimately that's up to Doc.  All very disappointing after so many years as a community.  This could just be a temporary glitch but I'm thinking it's probably technology marching on.

I can keep doing a verbal but you know it's that old saying, "a picture is worth a thousand words".  

In the meantime, I think Yahoo is having a few technical probs as there are no Asian intraday charts at all on their website.  Here in Australia, All Ords is -0.8% with sectors ranging from Gold +2.4% down to Financials -1.5%.

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All Ords continued to drop finishing the day -1%.  There were only three up sectors, Gold +3.6%, Miners -1.1% and Materials +0.5%.  At the other end were Financials -1.8%, IT -1.7% and Consumer Staples -1.4%.

Over in Asia, China -0.3%, Hong Kong -0.2%, Japan -0.5%, India currently +0.2%.

Freshly open in UK/Europe: FTSE flat, DAX -0.4%, CAC -0.5%.

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Aussie-

 

Thanks for all you have done through the years. I'm sure there are ways to plug in some charts. I'll have to make time to look around. It's tough to find time. I'm busier than a one armed paper hanger! 

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Those could just be temporary stopping points. No 5 day cycle projection yet. The centered MAs are parallel.  Could be 2365 or worse if the lows break. 

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loved your tweet reply under Keith McCullough....Markets top out when econ #s are strong, not weak. When central bank pulls the punchbowl, party over.

 

I respect some of McCullough's work, However, this market has made many look brilliant over the last 9 years. Blindly believing in the central banks, only makes one lucky for the time being. The real story will be when the Central Banks stop printing or the market begins to lose confidence. We will only then see who is wearing what when the tide goes out. All these financial models and token offerings created during this bull market will go right out the window. 

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Thanks. It's something I often point to in my reports. Bull markets end when central banks decide they're going to end. It's like Mr. Taggart's line in Blazing Saddles. "I think you've had enough." ECB and BoJ not there yet. 

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Living is easy if you take time to look for the signs.

 

"We might have to do a rethink on whether to keep the site going"

 

The Bull(shit) market is over!

 

Long live the Bear!

 

date and time stamp

5/9/2017 3:38

SPX 2394.79

If there is to be crash let it begin here

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