pre futures at this time are pointing at a 1% fall uk and dax 1.5% us .75% fall hardly a big reaction
I don't think there is much Paris effect either....Bull
All the Friday (pre Paris) Technicals I've looked at are either breaking or about to
Here's the Friday's NZX50 chart below...It looks too high and about to break down...so, even without Paris it would've come as no surprise to see the NZX50 break down on Monday.
Update today...the NZX50 has broken down...the 5965 Support is a goneburger...intra-day presently at 5946 -43 (-0.7%)
At the moment the signs are that NZX50 mightn't fall far as there is Good support around 5865 (EMA50 + Primary trend line)..and.. the break Out (down) Target Price is 5965-(6080-5965) = 5850
Time will tell
yeah he is, hoping the attention he gets will prompt others to sell so perhaps he can add some more to his position.. i don't think his view carries any weight whatsoever.
gee smtrader...that is truly a conspiracy theorist post...one of the better ones......Martin ( I agree he is not regarded as MKT commentator heavyweight)...his posts are generally ..well ..general ...for you to think what you do...suggests to me ..you need to broaden your horizon re information sources...anyways cheers
gee smtrader...that is truly a conspiracy theorist post...one of the better ones......Martin ( I agree he is not regarded as MKT commentator heavyweight)...his posts are generally ..well ..general ...for you to think what you do...suggests to me ..you need to broaden your horizon re information sources...anyways cheers
Are you...Christopher Walken...? Or perhaps....someone else?
Apart from 2 scares in recent months The good news is still happening after 7.5 years ...Has to be the best performing stockmarket for a few years now ..and especially so these last 9 months...
The great news was the milestone a couple of months ago when theoretically the buy and holders who entered at the height of the 2007 boom finally began making a capital profit...A warning for other entrants climbing aboard and adopting a buy & hold strategy at the exuberance period late in the bull cycle..
I Used the capital index as it probably compares better with the other indexes such as DOW and S&P500.
The NZX50 Bull Market Cycle is very old...maybe its life has been extended by the bull sleeping through 30 - 40% of it..
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