Yesterday was “grand final day” for fund managers as they scrambled to close the 2010 financial year with the best results possible. Despite valiant attempts to push the market higher throughout the day, fund managers were unable to maintain the double digit performance which was touted right up until May 2010. On 30 June 2010, [...]
China is officially in a bear market as the Shanghai Composite index fell over 20% from the highs of 2009. From the chart above, we can see that the index has clearly broken below the trading range noted in my last post Is China a leading indicator? Part 4 on Mar 16. China has been [...]
// That’s the headline Robert Prechter gave to his just-published Elliott Wave Theorist. You can read that entire 10-page issue right now — for FREE! Continue reading to learn more or get it now. Headlines are usually about what happened already, but Prechter’s headline is about what happens next. It goes beyond providing information. Yes, [...]
I have been tracking the Shanghai Composite Index on this blog since August 2009, when it made a sharp 20% correction. When I last looked at the Shanghai Composite Index on December 22, 2009, it looked like it was on the verge of breaking the long-term up trend line that started from November 2008. It [...]
Firstly, I would like to apologize for not writing many new posts in the past two weeks as I have been focusing on writing an e-book on how to preparing an SMSF investment strategy, which I hope to publish on this site by April 1, 2010. Once again, many thanks to Dean Greacen from SMSF [...]
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 [...]
Recessions are nothing new. From the chart above, there has been 5 recessions (grey areas) in the last 30 years in the US. A recession is usually a few quarters of negative GDP growth. After some help from the government and the reserve bank in the form of incentives and interest rate cuts, the recession [...]
I wish I can be a little bit more enthusiastic when I exchange “Happy New Year” wishes with family and friends. I just cannot do it because deep inside, I think there will be more pain to come in 2010 for investors. When I look at the events that have taken place in the past [...]
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 [...]