sharetrader
  1. #12031
    Senior Member
    Join Date
    Jan 2013
    Posts
    1,267

    Default

    Quote Originally Posted by BlackPeter View Post
    What BEAR market? I guess the bear had a few bad dreams recently, but at the moment it is keeping its head well below the MA200 - just where it belongs ;

    Attachment 13601

    My definition of a bear market is a monthly downtrend. In my opinion this is far more reliable than relying on moving averages or the classic 20% from the peak. This definition relies on the break of long term support price levels, providing much more technical significance.

    The NZ50 index is in a bear market per that definition. I will also note that the NZ50 index provides very reliable technical signals for the rest of the market (which would probably surprise most). Ignore at your peril.

    Last two months have been disgustingly profitable for me

  2. #12032
    ShareTrader Legend Beagle's Avatar
    Join Date
    Jul 2010
    Location
    Auckland
    Posts
    21,362

    Default

    The peak for the NZX50 was last August and the tide has been going out for more than 6 months since then. That's a Bear market in my opinion.
    Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
    Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine

  3. #12033
    Guru
    Join Date
    Apr 2020
    Location
    landskrona sweden
    Posts
    4,308

    Default

    "Tide was out" at the Mount this evening and the board riders were have an evening in a south pacific paradise.

    Not a shark fin seen at shark ally...

    If your a bit depressed by markets or the world take in the best NZ has to offer before the winter comes..
    Last edited by Waltzing; 08-03-2022 at 09:35 AM.

  4. #12034
    IMO
    Join Date
    Aug 2010
    Location
    Floating Anchor Shoals
    Posts
    9,742

    Default

    Magic evening from on top of Mauao tonite.Take a walk around or up it and exit feeling fine.

  5. #12035
    Advanced Member
    Join Date
    Apr 2008
    Location
    Kerikeri
    Posts
    2,486

    Default

    Quote Originally Posted by Beagle View Post
    Great minds think alike. I currently have just on 3.6%, (and frankly that feels like a bit much),
    I think if you just wait a few weeks you may find your % reduces all by itself.
    No action needed.

  6. #12036
    Junior Member buy_high_sell_lo's Avatar
    Join Date
    Oct 2021
    Location
    Auckland
    Posts
    18

    Default

    Quote Originally Posted by RTM View Post
    I think if you just wait a few weeks you may find your % reduces all by itself.
    No action needed.
    I think you're gonna be right

  7. #12037
    Guru
    Join Date
    Aug 2012
    Posts
    4,778

    Default

    Quote Originally Posted by Waltzing View Post
    "Tide was out" at the Mount this evening and the board riders were have an evening in a south pacific paradise.

    Not a shark fin seen at shark ally...

    If your a bit depressed by markets or the world take in the best NZ has to offer before the winter comes..
    If the tide goes out too far it may mean a tsunami is a-coming.

  8. #12038
    Guru
    Join Date
    Apr 2020
    Location
    landskrona sweden
    Posts
    4,308

    Default

    Ok lets call it close enough 102... that a dollar rounded down a bit.

  9. #12039
    Member
    Join Date
    May 2020
    Location
    Lyall Bay
    Posts
    102

    Default

    A bit quiet around this place... Looks like we all got it wrong.

  10. #12040
    Member
    Join Date
    Feb 2002
    Location
    , , .
    Posts
    259

    Default

    Expecting a bit of a lift once mandates are lifted. Not expecting further downturn unless Ukraine goes pop and escalates into WW3.

Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •