Ultra,
I have come to a similar view regarding the XAO - an ending diagonal, plus nice probable divergences between price and the MACD + RSI. I think next week could be interesting particularly for global markets as the bond collapse in the US is as bad as 1994 - except that in 1994 it took six months not six weeks!!
So I suspect that there will be some skeletons to come out of hedge fund or US investment bank closets given the swiftness of the move as there are sure to be a couple of portfolios that would have been caught by this move.
Lets see regarding the banks - whilst I have changed from a Bear to a Bull, I am probably best described as a wary Bull. All in all, the banks probably need a solid 38% to 50% correction of their recent gains to consolidate before the next move up and this bond scenario may well be the catalyst. If we see this corrective move take hold, I suspect it will be reasonably swift.
I must admit that Elliot has failed me regarding short term counts on the banks in recent weeks and the sooner this sideways mess clears up and I can get a decent fix on their positioning the better!!
Regards,
Jaysee
- Forums
- ASX - By Stock
- NAB
- us banks smashed
us banks smashed, page-4
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add NAB (ASX) to my watchlist
|
|||||
Last
$35.63 |
Change
0.320(0.91%) |
Mkt cap ! $109.9B |
Open | High | Low | Value | Volume |
$35.73 | $35.79 | $35.43 | $76.33M | 2.142M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10799 | $35.61 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$35.68 | 2800 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 35.600 |
1 | 1000 | 35.530 |
1 | 1000 | 35.500 |
2 | 2000 | 35.450 |
1 | 1500 | 35.420 |
Price($) | Vol. | No. |
---|---|---|
35.700 | 300 | 1 |
35.730 | 1250 | 1 |
35.750 | 480 | 1 |
35.790 | 681 | 3 |
35.800 | 4848 | 5 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
NAB (ASX) Chart |