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3,739 Posts.
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29/09/24
08:44
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"my interest here is our market on the asx which depends on commods the biggest factor is us rate cycle aided by china stimulus as needed "
Absolutely my interest too cha just I get a bit interested in what is mostly useless but a hobby anyway.
MIN for example I posted at the time it had an extreme 5 day rate of change to the downside not seen since the GFC it is now up over 50%
This is a real hammer down to me as it is an extreme people are throwing the baby and bath water out.
Doesn't mean a new bull but it was going to move anyway after real panic selling/ capitulation.
CHN kept going down after a 30 % down week last September- does not always work.
September 22 bear market rally of 100% after a similar pattern forming now.
It has now maybe put in a double bottom with extreme upside weekly rate of change.
CHN bear view is in Log mode. PA palladium futures need to watch also.
BHP I cant see a decent hammer yet. Funny how BHP and RIO not panicked by iron ore knowing about stimulus though ?
WDS still don't like chart pattern no hammer down yet like 2020 of 2008 something like KAR backing my view ?
People still buying JNK bonds and financial conditions still very loose.
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