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Thread: All Ords Index.

  1. #1
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    Default All Ords Index.

    This chart takes signals from multiple technical indicators, combines them, and presents the composite as a colour-coded overlay on the AllOrds plot. This reduces clutter and the overall market situation is therefore more easily assessed.


  2. #2
    F.A.B. Huang Chung's Avatar
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    The traders on CNBC's Fast Money are saying that the market is about to hit a ceiling because of the amount of Treasuries currently being auctioned by the Fed. Yeild on the 10 yr is now up around 4%.

    P, do you see the current up trend continuing?

  3. #3
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    I concentrate on reacting to the market and make no attempt to predict its future movements. If/when/as the market weakens, the plot will go from green to blue to red. All I have to do is respond appropriately. Let's hope it stays green eh?

  4. #4
    Senior Member Lego_Man's Avatar
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    Phaedrus is lucky (well, that's not the right word) in that he can play the short side as well as the long side. Market direction doesnt matter so much.

    I would guess that the vast majority here are long-only.

  5. #5
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    Short selling was banned on the ASX for a wee while there anyway. It wasn't until 2 weeks ago that they had lifted it

  6. #6
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    I don't short the Aus market, LM.
    The chart is just as relevant for those that trade "long" only.
    It tells us when to be be cautious, when to be in the market - and when to be out of it.

  7. #7
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    Nice chart.
    There are alot of people who talk this stuff, but you are one of the very few who makes sense of it for me.

    Previously sceptical (and cynical), now I can see its use.

    Much appreciated.

  8. #8
    Guru drillfix's Avatar
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    Quote Originally Posted by money maker View Post
    It wasn't until 2 weeks ago that they had lifted it
    It has been lifted for a while now, but dont you mean, it was lifted on Financial Stocks 2 weeks ago?

  9. #9
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    yes i did.thnks for the correction

  10. #10
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    Quote Originally Posted by Phaedrus View Post
    I don't short the Aus market, LM.
    The chart is just as relevant for those that trade "long" only.
    It tells us when to be be cautious, when to be in the market - and when to be out of it.

    Nice Chart Phraedrus,

    Athough, it keeps showing us what part of the eventual Bubble we are in, or going to be in. So I guess your right, an indication on when to be OUT which recently after what we have been through, is hard to know as this may just be another curve ball with lots of feel good tell signs, and meanwhile back at the ranch, there could be alot more NEW/OLD untold realities that we still are yet to experience.

    Anyways, Bahhhhh, thats my madness for this evening

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