SMSF Investment StrategiesSharing Simple Strategies for Self Managed Super Funds
Is China a leading indicator? Part 3
Today as I looked at my list of world stock market indices, every major market index in US, Europe and Asia was up, except one – the Shanghai Composite. At the time of writing of this blog post, it was in the red by 0.59%. I guess China did not get memo about the Santa [...]
Where is the AUD headed in 2010?
Yesterday, the Aussie dollar index broke below a key technical support level of 89.89 which was the most recent low on 28 Oct 2009. From the chart below, you can see a “head and shoulder” chart pattern (not a classic textbook one as there appears to be three right shoulders). The “head” is marked by [...]
Using volume to validate price
In my earlier blog posts in the technical analysis series, I focused more on prices which obviously dominate what we see on price charts. Chart patterns like the head and shoulders, Fibonacci levels and trend lines are all very important in helping us forecast where prices are likely to go. Another important indicator that I [...]
Using Fibonacci to identify potential turning points
In my last blog post, I talked about some “topping” chart patterns used in technical analysis. Since Elliott Wave International is giving away a free e-book on using Fibonacci to identify turning points this week, I thought I would continue my series on technical analysis and write a post on how I use Fibonacci Retracements [...]
AORD head and shoulders – an example of when to hedge
Yesterday I decided to buy XJO put options to hedge my Australian stock portfolio because of what I observed as a “head and shoulders” pattern on the daily chart of the All Ordinaries Index (see $AORD chart above). This pattern is formed when the price charts make a new lower “high”. In a healthy bull [...]
