Personally I think we are heading for another 27% or more decline.
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Personally I think we are heading for another 27% or more decline.
[QUOTE=Phaedrus;305274]Here is some really good news to cheer you up :- We are right on target for the 19th.
The NZSX50 Index is exactly 43.3% of the way to the target.
Exactly 43.3% of the allocated time has elapsed.
Some would call this spooky..... Others wouldn't.[QUOTE]
Phaedrus I am in awe at your knowledge, and must find other reputations to add to before I can add to yours again.
I searched this thread out recently to determine our current position, decided to wait patiently for your timely update. Upon reading I recieve great solace, and suggest not so spooky for me...
Must add as a clarification, any point on the trend line will have equal proportions of rise/run (ie 43.3%)
If 43.3% is significant then I am showing my engineering knowledge is greater than my market knowledge.
As to the future, lets wait and see, or act and watch.
For my part a little more waiting then action...
V.
Excellent work VT. Well spotted! The entire thread is a spoof of course and 43.3% has no more significance than any other number. I added the "Others wouldn't" clause to cater for observant intelligent readers who know that the rise/run ratio is a constant.
If you ever want an update of this or any other chart, don't wait patiently - just ask.
nzx getting very close to a downside break of 6 mth odd sideways channel , Will it be black Monday.
ah Should have been black tues oh well i have tartget of 2800 now we have a break of channel this coincides with 61.8% fib so plenty down side to come.
Dow might break channel so implys 9800 or 266 pts down.
Headline in SMH this morning says $38 billion wiped off the value of the ASX yesterday .... yep A$38 billion just under NZ$50 billion ... and that went in one day
To put the NZX is perspective the market cap of the NZX is just over $50 billion .... and one more bad day ant it goes under $50 billion ..... the value gone in bad day in OZ would wipe out the NZX
Prob thats why you cant get any shares to buy Belg .... nobody interested in the NZX these days .... and its all TEL and FBU fault
P
Is it spooky that within a week of the word 'spoof' being posted in this thread that all has gone quiet?
How do we look currently against the possible outcome of the prediction?
V.
"Possible" outcome VT?
Have you lost your faith?
The Index is still on track, well within its prescribed parameters and less than 4% away from the centreline.
http://i602.photobucket.com/albums/t...PB/NZSX626.gif
Good man, YK. I am touched by your unswerving faith. It worries me, though, that some people don't seem to realise that this chart is meant only as an approximate guide. As I have repeatedly stated, the 4332 target could be hit anytime between 1.12pm and 3.18pm on the 19th.
Personally, I am hoping for the best and preparing for the worst. I have invested all available funds in Krugerrands, the bunker is almost finished and my stocks of food, water, arms and ammunition are in place. I bought a street-sweeper last week. In some strange way, I'll be disappointed if all these preparations prove to be needless.
http://i602.photobucket.com/albums/t...PB/NZSX718.gif
NZSX50 - Good News...sure is..The Bull market returns
Broken through 3075 primary resistance last week with a gap upward break on the 2 September...the bulls are back:t_up:.
NZX50 as joined the Asians (except Japan) following the leading index Shanghai.
We are a week at least ahead of the Aussis The All Ords could break their primary resistance today and go bull ..aussis eat ya heart out.
http://i458.photobucket.com/albums/q...5006092010.png
Strat, the location of my bunker must remain a tightly guarded secret, but no, it is not in Mapua.
Tricha has warned us that Peak Oil will lead to Economic Collapse, Cities abandoned and inevitable Starvation as Oil runs out.
We are facing a complete breakdown of social order and Tricha wisely observes that we "will have to do different to survive". Indeed we will. I hope never to be in the position of having to defend my bunker with lethal force, but if needs must, I am ready - with my StreetSweeper.
http://i602.photobucket.com/albums/t...eetsweeper.gif
Aaah Phaedrus. I can see now why you didnt go with the Zamboni.
Im ready. Mind you I like the look of one of these better.
never runs out of bullets
never rusts
Quiet