$Cashed$ up and ready to go......, page-132

Hi orionwoo, yeh still with you mate ..........the time to get out was back in November when we had a cross to the downside with the weekly macd and rsi. ( first chart) Now it's just a matter of waiting for the down cycle to play out and news / the markets interest to return......no idea when that will eventuate but we are reasonably oversold on the daily and weekly rsi , which is a positive on the technical side for a time to buy/accumulation/a recovery?? I'm usually out by now but I haven't had time to follow the market at the spec end and at the time decided to hold based on limited shares on the register and a healthy bank balance....and just to keep a finger in the pie while I focused on other things unrelated to the market.
What interests me more at the moment though is how our market and international markets are playing out. A nice downtrend has developed as per the second chart, showing the monthly rsi. We have just broken a multi year uptrend and are heading down as in 2008, so looking forward to a recovery once it plays out, as I have been all cash (super) for the past 6 months ......bar this little puppy in my trading account to keep the gremlins happy in my head So still here and happy to hold based on the limited but positive FA, but as for the technicals here they are pretty shot atm........let's hope for a change soon.
Cheers