Wednesday, May 31, 2006

20060531 ASX200
SPI forms an Inside Day pattern. A long or short trade can be taken on breakout of today's high or low Posted by Picasa

Tuesday, May 30, 2006

20060530 ASX 200 SPI rebounded last week, and it seems to be just that: a rebound. Posted by Picasa

Monday, May 29, 2006

20060529 SPI gaps up and forms a doji (indecision). Would not be a good sign if an evening star candlestick formation occurs tomorrow. But US Markets will be closed for Memorial Day holidays. Posted by Picasa

Tuesday, May 23, 2006

20060523 S&P ASX 200 has been in sharp decline. Time for bounce, with indicators at oversold and a nice potential reversal candle. Posted by Picasa

Monday, May 22, 2006

20060522 ASX 200 continues slide as commodities fall continues. Oversold conditions ripe for bounce. Posted by Picasa

Thursday, May 18, 2006

20060518 ASX 200 continues to be pummeled. Resources follow commodities down. Posted by Picasa

Wednesday, May 17, 2006

20060517 S&P ASX 200 starts the slide. Posted by Picasa

Tuesday, May 16, 2006

20060516 Some support after continued selling. Price action and CCI momentum indicates possibly more downside tests. Posted by Picasa

Monday, May 15, 2006

20060515 S&P ASX200 futures ends down more than 140 points, with commodities tanking today zinc, copper, aluminium, crude oil etc dropping >5%. Fears over US interest rates continuing to rise accentuated the falls. Posted by Picasa

Friday, May 12, 2006

20060512 It seems the candle 2 bars ago could be the reversal pattern we missed. After that 2 days of 'spinning top' candlesticks indicate undertainty in the market. With world markets seemingly undergoing reversal, odds are for the ASX 200 to follow. Posted by Picasa

Thursday, May 11, 2006

20060511 ASX 200 SPI powers to new highs, driven by gold and commodity price rises. Posted by Picasa

Friday, May 05, 2006

20060505 5191 proves to be good support where the moving average is. Posted by Picasa

Thursday, May 04, 2006

20060504 SPI came down to test the moving average support as we expected. Posted by Picasa