Just a reminder that the OCR is being reviewed this coming Thursday (24 July). The Moose Fund is betting Mr Wheeler doesn't have the cajones to increase it yet again (this time around at least...).
does that imply you think he needs to / should do?
UPDATE of Chart posted 24th June 2014...Technicals are getting worse
Originally Posted by Hoop
Maybe the Market is agreeing with you Belg...
or
Maybe just another healthy bull market correction for this geriatric bull.
this is a broken neckline from a very flat H&S pattern so chart pattern theory has it it will be another shallow correction..The lower and wider the pattern the less reliable it is (Bulkowski).... target price 4910 [5070-(5230-5070)] but there are 2 major supports around 4950 area so odds reaching 4910 is lower
NZX50 broke it's Head and Shoulder pattern creating multi sell signals on the 20th June. In past history it is very common for a completely formed H&S pattern to pullback its losses to test its neckline area. In this case it did and in doing so created false buy signals (bull trap) to occur...As of now the NZX50 is still technically broken and is now entering a conjunction area (5100) involving its primary trend line..There is a serious situation developing, although it is not uncommon for a bull market cycle correction to break their primary up trend line, an investor has to start thinking of cyclic reversals as another possible option when the Bull becomes an elderly gent...
Just how many more corrections before one is the reversal we don't know, but we have to remind ourselves each time there's a breakdown that this bull is 5.25 years old and has entered bonus time...
A veritable sea of red thus far ... With PPL breaking the trend [sheesh]
The decliners list makes for some pretty grim reading. I think it would have to be the worst opening since I starting to follow the markets. Gentracks fall is explained, but is there a particular reason as to the others?
The only logical reason I can see is the NZD falling against the USD and that international investors have been waiting for an opportunity to get out
The decliners list makes for some pretty grim reading. I think it would have to be the worst opening since I starting to follow the markets. Gentracks fall is explained, but is there a particular reason as to the others?
The only logical reason I can see is the NZD falling against the USD and that international investors have been waiting for an opportunity to get out
I read Spahiu's piece. So many of his rules would seem to lead to trader activity exacerbating and prolonging what he himself calls market irrationality. It is a shame that his blog did not go beyond 2006 as it would have been interesting to see how 2007-2009 treated him and affected his outlook and rules.
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Originally Posted by moosie_900
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