Thanks 777. Have you been with Platinum for a while ?
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Since mid 2003. Swapped in from BT which was a good decision in hindsight.
737 trades so far, usually I double the trades by 1.30 to get an indication of total trades for the day.
With AIA in halt for 4 days could effect trade numbers though, they were second biggest traded stock yesterday.
(From THE WALL STREET JOURNAL)
By Peter A. McKay and Kristina Peterson
Stocks ended a two-day skid as Federal Reserve Chairman Ben Bernanke's indication that interest rates would remain low outweighed bleak housing data.
The Dow Jones Industrial Average, which lost 120 points over the previous two sessions, rose 91.75 points, or 0.9%, to 10374.16. Bank of America and J.P. Morgan Chase climbed more than 2% each.
The Fed chief stressed that the central bank's decision last week to raise the discount rate won't necessarily translate into an increase in the federal-funds rate anytime soon -- a message Wall Street wanted to hear.
"The concern people have right now is sustainability," of the U.S. recovery, said Michael Farr, president of Farr, Miller & Washington. "The Fed is telling us it has the spigots on and will keep them on."
The S&P 500 rose 1%, helped by gains in every sector except basic materials, which slipped 0.1%. The financial sector, which is especially sensitive to changes in Fed policy, gained 1.7%.
Another nice chart Phaedrus - thnx.
Call me an optimist, but the way I read it is that there's still a lot of upside before the NZSX50 encounters serious resistance. I'd be looking for a head and shoulders pattern (like in 2Q07) before I get bearish. How do you read it?
Well Bobcat, I guess only an optimist would post a chart like that - even as a joke!
How do I read it? Where do I think we are going? I haven't got a clue - and neither has anyone else. In the meantime I like to concentrate on immediate reality, making sure that what I do is congruent with current circumstances. For an overview I apply a lot of different indicators to the Index, but the MSI seems to be as good as any.
In short, if the plot is Red I am Bearish.
If the plot is dark green I am Bullish.
If the plot is any other colour I am very watchful.
592 actually, YK - but who's counting?
We are still running ahead of schedule and above the 20% pa nominal target. Plenty of room for a bit of slippage eh? Right now the Index is exactly in the middle of the +17% / -7% channel.
Nice.
http://i602.photobucket.com/albums/t...B/NZSXlt56.gif