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Dow down again!!!...but this Duck hasn't lined up either yet
I'm a great fan of sentiment indicators as leading indicators ..they have this ability of picking up (or causing) events just before they happen..Personally, I see sentiment indicators as a reflection of Animal Herd survival instinct behaviour.
Todays article Kirk Lindstrom uses economic sentiment indicators and as at 4th August sees no negative turns, thus concluding it probably be another shallow bull market correction and nothing more sinster (steep cyclic reversal)
The Dow Economic Sentiment Index Supports A Higher Market
Last edited by Hoop; 06-08-2014 at 09:45 AM.
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Is it time to become defensive and look for undervalued industries? I think so.
http://www.telegraph.co.uk/finance/markets/11023747/Investors-fret-about-overvalued-stocks.html
Investors fret about 'overvalued' stocks
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An extraordinary week, shrugging off Brexit and markets go on a bender.
Attachment 8144
FTSE weekly (what Brexit?)
Attachment 8147
Attachment 8146
DOW and SP500 weekly (what Brexit?)
Attachment 8145
Shanghai weekly (well, not a bender, more like no reaction! what Brexit?)
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Update with BaaBaa's post
The charts below (except MIB IBEX Nikkei) have bullish ascending triangle patterns and some have broken out..(Sensex had a symmetrical triangle)
The Countries with debt problems Italy Spain and Japan..their sharemarket charts show bearish descending triangle patterns..
Interesting ...huh
Last edited by Hoop; 03-08-2016 at 11:05 AM.
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Junior Member
Originally Posted by Hoop
Update with BaaBaa's post
The charts below (except MIB IBEX Nikkei) have bullish ascending triangle patterns and some have broken out..(Sensex had a symmetrical triangle)
The Countries with debt problems Italy Spain and Japan..their sharemarket charts show bearish descending triangle patterns..
Interesting ...huh
Great charts Hoop.
If you have a medium-long term perspective.
Then keeping your eye on Japan, Spain & Italy for a new bull market would show up some great opportunities.
Last edited by The Tape Trader; 03-08-2016 at 11:52 AM.
I buy stocks from consolidation patterns
I always use stop losses
I lose money 50% of the time
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Originally Posted by The Tape Trader
Great charts Hoop.
If you have a medium-long term perspective.
Then keeping your eye on Japan, Spain & Italy for a new bull market would show up some great opportunities.
Yep getting in at the ground floor and ride the bull all the way up...one would make heaps....seldom happens though as people get too negative when times are bad and its usually when times are bad that the sharemarket reverses..
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