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The Chartist
http://www.thechartist.com.au/sharemarket/
The Chartist is a boutique stock market advisory service that utilizes Technical Analysis to measure market probabilities, identify patterns and trends as well as offering you a sensible basis upon which to make sound investment and trading decisions, reduce exposure and protect against risk.
- Author: Bruce Marjoribanks
- Listed in: Finance Personal
- Tags: Share trading dow jones share market australian shares us shares asx stocks
Recent Posts
Christmas Break
We’ll be taking some time off to recharge the batteries. We’ll return on January 4th to see what the market has in store for us in 2010. Get a Free Chart of the Week at The ChartistChristmas Break...
10 December 2009 – Winding down
Another garbage performance by the local market. It really struggled to hold its head above water and it certainly appears that seasonal strength is wilting. I now have 1 position left in the ASX Power Setups and two positions left in the US Power Se...
9 December 2009 – Santa rally needs to start right now
The key level we’re watching at present is 4587. A break down through that suggests a deeper correction toward 4400 is underway. However, if price can hold above 4587 we have a significant bullish triangle to contend with that may provide the s...
8 December 2009 – Weak, but quiet
The market dropped 100-pts right on the opening bell and then stayed in a sideways band. It certainly appears that the sideways ranging is going to continue, albeit we still retain a positive interest in the broader indices strength. The Transports h...
8 December 2009 – Symmetrical triangle still forming
It’s all red here. The daily trend. The weekly trend. And daily momentum. The only saving grace is that price is stuck in a coiling symmetrical pattern that could lead to a upside breakout toward 5200. A break down through 4600 will be a very n...
7 December 2009 – A soggy day, but…
We called for some volatility after the US data release and we certainly got it. A very weak day for the ASX with resources taking the lead lower. There is a lot of speculation about the US$ direction now. The ASX is coiling in a nice symmetrical tri...
