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24-01-2012, 10:50 AM
#221
Originally Posted by winner69
Hoop - the NZX has been quite resilient over the last year or so -- hovering wrond the 3300 mark
In April 2010 it was 3307. Since then it has gone to 10% below that mark and then went to 8% above the 3300 mark. Since giving that 8% up (plus a bit more for a few days in August) it has essentially been 3300 plus or minus a couple of percent (from 3300 ranging from-1.5% / + 2.9%) since then
Seeing whats going on in the world thats a pretty stable state for nearly 3 months. Wouldn't say trendless but steady at around the 3300 mark
Prob reflects the boring nature of the NZ market .... not much to get that excited about
That
2 months on from that post and NZX50 not quite back to 3300
So all we can say NZX50 rangebound at 3300 +/- a few percent .... maybe this time it will go 3300 +3% and then more .... but hope is not a strategy I am told
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24-01-2012, 12:12 PM
#222
Originally Posted by winner69
2 months on from that post and NZX50 not quite back to 3300
So all we can say NZX50 rangebound at 3300 +/- a few percent .... maybe this time it will go 3300 +3% and then more .... but hope is not a strategy I am told
Exactly true...NZX50 is still range bound between 3200 and 3350 and hope is a delusional emotion .
However Mr Market is feeling a little better at the moment and has gotten out of his sick bed.
I must admit..one thing about trendlines I don't like is.. the index can break a down trend line only to keep following it down from the top side...confirmation from other indicators does build a degree of hope that this time the index may retest the broken trend line then repell away upwards towards the 3350 ..eh
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24-01-2012, 07:24 PM
#223
Originally Posted by Hoop
Exactly true...NZX50 is still range bound between 3200 and 3350 and hope is a delusional emotion .
However Mr Market is feeling a little better at the moment and has gotten out of his sick bed.
I must admit..one thing about trendlines I don't like is.. the index can break a down trend line only to keep following it down from the top side...confirmation from other indicators does build a degree of hope that this time the index may retest the broken trend line then repell away upwards towards the 3350 ..eh
HOOP - even you would have to say today was a bummer day for the NZX50 .... all the way down to 3268 whenit was looking so promising eh
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24-01-2012, 10:09 PM
#224
Originally Posted by winner69
HOOP - even you would have to say today was a bummer day for the NZX50 .... all the way down to 3268 whenit was looking so promising eh
Yep...it's days like today I wished I wrote today's post tomorrow.
Down 27 to 3268 (0.8%) the only 2 good things about today are....
1.. that it is still on the topside of that broken primary down trend line...just!!
That was one very fast retest...
The other good thing is, my trigger finger developed rigour mortis.
We will see what tomorrow brings
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30-01-2012, 04:56 PM
#225
Hoop .... over 3300 again .... up up and away this time .... I feel it my bones
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09-02-2012, 08:19 PM
#226
Originally Posted by winner69
Hoop .... over 3300 again .... up up and away this time .... I feel it my bones
Hoop ..... getting close to the top of trading range again eh
This time it will break out ..... then 3400 ..... then 3500 .... and even higher following the ASX200 up to 5000 plus by Xmas
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09-02-2012, 10:56 PM
#227
Originally Posted by winner69
Hoop .... over 3300 again .... up up and away this time .... I feel it my bones
Originally Posted by winner69
Hoop ..... getting close to the top of trading range again eh
This time it will break out ..... then 3400 ..... then 3500 .... and even higher following the ASX200 up to 5000 plus by Xmas
Post # 272 24th January 2012
Originally Posted by Hoop
Back to the NZ50
The NZX50 seems to follow the good news as well with a primary breakout and hopefully this will be confirmed with the MA200 nearby and the testing of the 3350 resistance level.......
Primary breakout is now confirmed with the MA200...all good news NZX50 bull market cycle lives on.
Winner that bone ailment you have ...I seem to have it too
Last edited by Hoop; 09-02-2012 at 10:58 PM.
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10-02-2012, 02:26 AM
#228
You guys seem to put a lot of faith in to oblique breakouts, which of course, do show the rise and move out of the downward channel.
Saying that, to me, unless that break is combined with the horizontal break of resistance upward, I myself just see this as a potential break and still in the trading range, or range bound (sideways even).
However, looking at those lower indicators sure do offer good confidence in such a move.
No doubt the test will come soon enough~!
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10-02-2012, 10:54 AM
#229
Last edited by Hoop; 10-02-2012 at 11:03 AM.
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15-02-2012, 05:29 PM
#230
Whats happening Hoop ..... going down faster than it went up ..... and now below 3300 again
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