Suppose the good thing about this falling market is the RB may leave interest rate low for a longer period.
Scary market.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
yeh not to happy with happened over night! those nice gains i made yesterday will probably vanish, i cant see the market going much lower unless Portugal or Spain throw a spanner in the works over the next week or so
Phaedrus,
Thank you for the chart update.Power cut tonight,then when lights went back on, found one of the cats had been sick all over the bed,so your post was a nice bit of brightness.
[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.
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.
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Originally Posted by Phaedrus
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