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Last night’s 500 point drop in the DOW brings back memories of 2008. Prices slicing decisively through the 200 day MA of the SPX on Tuesday, Aug 2 already sent shivers down the spine of technical analysts everywhere. Yesterday’s 60 point plunge confirmed a break of the 27 month uptrend line and neckline of the [...]
I have covered a number of my favourite sources of fundamental information in the first three posts in this series so today I would like to cover sources of “non-fundamental” information which include technical and sentiment analysis. Technical analysis involves looking at price charts, technical indicators like volume, moving averages, Fibonacci retracement levels, and Moving [...]
Robert Prechter is a leading technical analyst and market forecaster who specialises in a technical analysis method called Elliott Wave Theory. In late February 2009, Prechter said “cover your shorts” and predicted a sharp rally that would take the DOW to the 10,000 level. That prediction came to pass. Watch the following video to find [...]
Below is an article from Elliott Wave International which I thought fits well into our series on China. For a short time only (until March 2, 2010) readers can also download a free report that will give you a perspective of global markets, including Australia, to help you shape your investment theme for 2010. I [...]
I was surprised when I found out that the top keyword search phrase for my blog this month was “2010 Bear Market Strategies”. Due to the lack of bearish articles on Australian sites, my little old blog appeared in the top 2 listings on the Google search results! For the few bears out there (according [...]
I remember a few key people who warned about an impending recession back in 2007 when the stock market was still making new highs. One very vocal person was Nouriel Roubini, an economics professor from New York University, who was so bearish that he was nicknamed “Dr Doom”. Since his predictions have come true, his [...]
The mainstream media is almost unanimous in declaring that the recession is over and many analysts/advisers are saying it is now time to buy stocks, after the market has rallied more than 50%. Where were these people back in March 09 when the market started its rally? That would have been the right time to [...]