Guest Posted July 27, 2004 Report Share Posted July 27, 2004 All Ords currently +0.4% as the banks and News Corp are picked up by the dippers, but even so the action is looking like a resistance retest on the daily chart. Golds down but the sellers are petering out. Oils barely budging. Asia wobbly on open: Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2004 Report Share Posted July 27, 2004 S&P Nazza Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2004 Report Share Posted July 27, 2004 Another day of fairly unexciting action with All Ords closing +0.1%. News Corp and the banks all turned around and closed in the red. On the 5-day chart the index pushed thru resistance is now using it as a support: The golds closed flat to down and the oils down marginally. The Asian bourses headed up with the exception of Nikkers, which closed on the lows of the day. Tomorrow is another day....... Link to comment Share on other sites More sharing options...
Guest Posted July 27, 2004 Report Share Posted July 27, 2004 Australian inflation to rise as local dollar influence weakens SYDNEY, (AFP) - Australia's inflation rate is expected to rise as a softer Australian dollar and higher oil and production prices raise the cost of living, anal cysts say. Economists are forecasting a rise between 0.4 and 0.8 percent for the three months to June when the data is released on Wednesday, putting the annual inflation rate at 2.4-2.8 percent, after 2.0 percent in the March period. That would still fall within the Reserve Bank of Australia's (RBA) target range of 2.0-3.0 percent but Commonwealth Bank chief economist Michael Blythe said the scene was being set for higher inflation in the year to June 2005. Link to comment Share on other sites More sharing options...
The brown one Posted July 27, 2004 Report Share Posted July 27, 2004 I couldn't put it more succinctly than the commentator on our local biznews channel this morning---"Every support level for the AEX that was supposed to hold,didn't,so we're on our way to 300 points" In the final hour of trade yesterday,it just looks like the big guys said eff it and let it drop 3 points.So,as everyone now gets positioned short--they'll likely bounce it here but how high will it go. Knowing these markets(which I don't) probably get Major C's scenario transpiring with a blast to 400 by year end! Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2004 Report Share Posted July 27, 2004 Critical Condition On Life Support Your Golden Stool, including short and long term updated charts and price targets, is loaded. Even if you are not a goldbug, you should check out the Golden Stool. It's in your Anals daily. Take a subscribatory and download the Golden Stool RIGHT NOW! 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW!? Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2004 Report Share Posted July 27, 2004 Uncle Buck and the Long Bong Hit, including short and long term updated charts and price targets, is now loaded. Take a subscribatory and get the latest whiff of Uncle Buck and the Long Bong Hit. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.