XJO 1.39% 7,575.9 s&p/asx 200

Like always, Excellent work Redbacka! To add the the bearish...

  1. 89 Posts.

    Like always, Excellent work Redbacka!

    To add the the bearish consensus:

    - February is seasonally one of the worse months

    - first year after the presidential election is typically weak

    - not 100% sure, but I believe the year after a weak/no santa rally (American Markets) is usually poor



    I particularly like the quarterly SP5000 chart- not a chart I would think to check up myself! Looks set for a false breakout to make a triple top then a big fall!


    Then again, you can't argue with the trend, multi year highs and the major trend breakouts in the Asian markets!

    I'll be keeping a close eye on my current longs.
 
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