dascore
does this mean sell now which seems to be different from your chart of a few days ago??
i rarely look at charts of the overall market as i am not a chart nut - i do look at charts of individual stocks, normally before i buy or sell.
now i was talking to a friend a couple weeks ago and said that a chart of the all ords would not be far off a double top of some sort??- april last yr to feb this yr
just had a look on bloomberg and a mug like me could almost get one on the dow i believe - not sure about the s and p as i looked but dont think there was
like i said i am not a chartist but i do have a reasonable record in the market
our market from memory did a mugs double top in lead up to the gfc in late 07
now i know all of you are a lot more technical and finetune etc but what is your take on the broader picture?
i am not panic selling but i put a post on the general thread a few days ago where i said i thought it was too easy for many in a lot of the speccies! i have been thinning them down for a while as market hasnt felt that good since about mid jan in a lot of the speccies that arent running!
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