Index Trading, xjo, dow, dax, ftse

[early birds]

In Reply To: Danville's post @ Nov 16 2020, 12:14 PM

Index Trading, xjo, dow, dax, ftse

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you are the one who start this ---------- i'm the one left to carry the flag.
i remember once you told me that "everyone carry a gun in Taxes no joke!" keep yourself and family safe at current chaos in USA Dan!!

[mullokintyre]

In Reply To: Danville's post @ Nov 16 2020, 11:15 AM

The night they drove ole Dixie down ....
Been a long night Danville
Mick

[Danville]

In Reply To: early birds's post @ Nov 16 2020, 12:09 PM

I have been in the US since 2015. Getting back to trading again after a very long break. Mostly trading US stocks, but always love to dabble on the asx. So glad to see some familiar names still around.

[early birds]

In Reply To: Danville's post @ Nov 16 2020, 11:15 AM

gees

long long time Dan!! soooo happy to see back here!! still in Perth???

[Danville]

In Reply To: early birds's post @ Nov 16 2020, 10:06 AM

Ha! I finally come back to do some trading and the asx blows up

[early birds]

ASX market data frozen; trade execution halted
Luke Housego

ASX market data and trade execution has been frozen, according to emerging reports.

Market sources said trades were unable to be executed from about 10.24am AEDT on Monday.

The ASX confirmed it was investigating a market data issue and that all trading would be paused while it worked to rectify the issue.

The ASX Trade Refresh went live this morning with migration activites occuring on Saturday.

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[early birds]

major market performed well last week. Mr. market seems start to think of " trump concedes soon"... not sure about that!!

asx200
keep eye on the opening above 6460 it will target 6485ish go over that level then it will be really bullish [ i doubt it]

keep eye on hi yielding stocks!!

[early birds]

The amount of SPX names above their 20, 50 and 200 Day MAs is nearing extremes. Long-term, this is a bullish sign. But it may cause some additional backing and filling over the short-term. The NDX components are not as stretched in aggregate. See the Market Statistics section below.


The IWM R2k ETF remains stretched, especially vs. the SPX. That may need to be normalized before the market can run all cylinders again.

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so they expecting a short term pull back from other major market, and long term bullish!!

asx200
would see more of pull back today , as TA point out. keep eye on 6375---6385ish. can't hold there , then looking for 6225ish.

[early birds]

In Reply To: early birds's post @ Nov 12 2020, 08:21 AM

for asx200
still think the index gonna test 6400---6425ish before this weekend. imho


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not even 3 a clock yet, asx200 index is at 6400ish. seems have to adjust it little lower to 6385ish. for the short term.

[Mork]

In Reply To: Mork's post @ Aug 24 2020, 04:29 PM

I'm seeing the market in rally mode until sometime between late september & late october. I've had a target of 6,900+/- so we could see one final rally like back in May. When this complete's, i've got a min target of 5,100 to the downside, but i really think we'll test the March low sometime in the first half of 2021.

I still see no evidence of this uptrend being completed. Obviously wrong that this would be completed by the end of October.
Absolute max time for the uptrend to complete is Jan 2021, then the downtrend needs to complete by the first half of 2021. Looks like were in for surprise in Dec / Jan.

6,900 +/- starting to look like a possibility.

Big picture still the same. The lows get retested in the first half of 2021, then markets go to the moon in 2022/23/24?. However, when completed where going to give up nearly all of the gains from the 2009 lows. US market will correct nearly as much as back in the great depression. Buckle up for a wild ride, all should play out this decade.

Cheers