All Ords Index.

[trackers]

Colin Twigss also says No.
"21-Day Twiggs Money Flow oscillating around zero signals indecision. Recovery above 5400 would suggest the correction is over. But reversal below 5200 is as likely and would warn of a test of primary support at 5120/5150."

My system says sell at MSI -1 so wouldn't take a lot of south action before I'd be gone anyway

[trackers]

Sure - see below

[trackers]

That was a fast descent back to the pink line. The Stoch hasn't moved as much - has it gone from being too early to being too late?

Stoch would have had you in at 5312, and still be in now.

In early, out late, yeah pretty much

[Hoop]

That little chappie down at the right hand bottom of your chart isn't a happy chappie...eh? Trackers

[winner69]

No worries

6000 by Christmas

Hey that's usually my line but if this guy says so it must be going to happen

http://www.smh.com.au/business/marke...16-12qpa6.html

[winner69]

I just read The Big Short by Michael Lewis, and have come to the conclusion that analysts and wall st types must be some of the thickest people on the planet. They are so blinded by self interest they can't see the wood for the leaves.

But they make heaps though ....just a game to them

They wouldn't even know some of the companies they invest in even do.

As long as the merry go round keeps going around they be happy

[BFG]

I just read The Big Short by Michael Lewis, and have come to the conclusion that analysts and wall st types must be some of the thickest people on the planet. They are so blinded by self interest they can't see the wood for the leaves.

Currently reading Flash Boys. Very good writer. Also makes one very sceptical of the game we play! Big Short will be next on my list

[winner69]

The ASX All Ords up 12 days in row

Apparently hasn’t had a run like this since 1986 (so says Business Spectator)

What happened in 1987?

All honky dory though cause his time things are different

[mark100]

What happened in 1987?

It went up 55% from 1 Jan 1987 peaking around 21 Sept 1987. It then dropped 6% over the next month before ending the year 42% down from the peak but only 10% down on where it started the year.

So maybe we haven't had a run like this since 1986 but we're nowhere near a 1987 run, yet

[mark100]

It doesnt feel right to me. But hey, I'm going with the flow, until someone turns the taps off :-)

Yes it does feel a bit like that but don't underestimate the benefit of a lower currency. We are still above historical levels but are getting there