Commonly used technical analysis tools, Fibonacci retracement and extension numbers, can be helpful in monitoring appropriate entry and exit points for trending stocks. An earlier post dated February 14, 2013 set a target of $74 for bell-whether financial stock, the… Read More ›
In contrast to the US which is finding new highs after the global financial collapse (GFC), the Australian share-market as reflected in the ASX 200 (XJO) has failed for the second time to consolidate its recovery above 5000, the half… Read More ›
What is the character weakness, or the pitfall in thinking, that is responsible for investors who know better, not following their own planned strategy, and ignoring a stop/loss signal? It is not a fault in technical analysis that is responsible…. Read More ›
The long-term perspective for the Aussie Market. Monthly chart, May 17 2013, of the XJO, (ASX200) Now that the XJO has penetrated and found support at the half-way mark (5000), the next hurdle, assuming bullish conditions continue, is the 61.8%… Read More ›
An earlier post “A turn-around for TEN?”, April 28, commented on the appointment of Gina Rinehart to replace Hamish McLennan as CEO. This is a chart analysis based on technical considerations only, and is not a suitable source of investment… Read More ›
The Past Week The previous week finished with a gravestone Doji indicating uncertainty about future direction. After the strong 165 point gain for that week, one might well have expected the index to retreat this week. Instead the XJO continued… Read More ›
Technically Speaking 