xjo analysis, page-8

Thanks Robbbb(recurring!) -

Yes, I know there are always opportunities. I'm short the main index's - DAX, DOW, FTSE, XJO - just seeking reassurance that most agree we are in for some pain!

It appears to me that there may be a little more upside yet - so I'm swaying, in case the 144's and sentiment end up being a big upward swing instead!

A friend who works for a large banking company in the US believes that the US will never 'permit' another GFC(2) - says they won't let it happen, but we have so many analysts, and they can't all be right, as some say yes, some say no!

Normal life....
Personally I find it hard to believe we were at Dow 9600's only a couple of weeks ago, and it's risen 900 points in htat short time...I don't see it as sustainable, but I'm so often wrong I'm turning more and more to TA.

All this of course is presuming that the rest of the world is still taking a lead form the US market.

In Australia, we certainly have a stronger economy, but if foreign cash leaves our market we'll still suffer.

Note to TA people: I still don't speak the language, so appreciate a little explanation.
Totts, what's an ascending triangle suggesting? Sounds like more rise top the lay person or learner?
(Yes, I know I can google it, but I've got someone coming over for lunch and don't have much time!)

Thanks all - please be patient with the learners, we will get there and love these threads!