NZSX50 Index

[limegreen]

Thanks Limegreen. Though from what I can figure from the freebie charts, the ASX200 slow stoch and RSI would have triggered a "caution" recently using the same period as above for NZX. Interestingly though, the Dow itself may still be sitting on the fence on those indicators.

Oh yes. The ASX is quite clearly in a caution period, it's pretty close to the long term indicators at the moment.

[Phaedrus]

Liz, here is the Aus equivalent of the NZSX chart, as at 3.30 pm.

[ratkin]

next stop 5000

[Hoop]

Uptrend not broken yet Ratkin.

[Lizard]

Thanks Phaedrus. Today has been a shocker. Not so much in terms of the index, but in terms of some of the more illiquid small caps where forced sales have spiralled into "low bid" black hole. Plenty of stops triggered today... but do I REALLY have to sell when the bids are 30% lower and the results to prove I bought a winner are just around the corner?

I just looked at the index for the Asian crisis - NZ Herald Index I think it was - early 1997 till late 1998 went from around 2600 to around 1700. At the time it didn't matter to me much - I could just hoard more savings and ride it out. Now, I am 10 years, 3 children and minus one income older...

[dumbass]

boring chart question phaedrus, i have metastock 9 how do you chart trailing stops?

[Phaedrus]

A MetaStock formula for a very simple fixed percentage trailing stop is :-
HHV(C,xxx)*.9
where xxx is the look-back period and 0.9 is a 10% stop. 0.85 would give a 15% stop for example. Just set this up as a new indicator using the "Indicator Builder" function.

A technically superior trailing stop can be based on the stocks Average True Range. You can get all the info you need about ATR trailing stops at :- http://www.tradernexus.com/advanceds...ancedstop.html

[dumbass]

thanks p, i really appreciate your posts

[Mick100]

Good charts pheadrus - thanks

[Hoop]

Fall on Wall St last night, so the NZSX50 5 year uptrend line may be tested today.
What are the TA investors going to do today if that line is breached??