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ASX rally falters

The ASX 200 rally stalled at 5500. Declining 21-day Twiggs Money Flow indicates rising selling pressure. Breakout above 5500 would complete a bear trap, indicating a primary advance to 5800*. 11 more words

Stock Markets

ASX banks rally

The ASX 200 is testing resistance at 5500. Rising Money Flow indicates selling pressure has ended. Breakout above 5500 would complete a bear trap, indicating a primary advance to 5800*. 52 more words

Australia & NZ

ASX 200 threatens a bear trap

The ASX 200 broke through short-term resistance, a bullish sign, and is testing long-term resistance at 5500. In terms of classic Dow Theory, the primary down-trend is intact until there is a breakout above 5500. 60 more words

Stock Markets

ASX 200 runs into a hammer

The ASX 200 is again running into resistance, signaled by a hammer after the recent rally. In terms of Dow Theory, the primary down-trend is intact but retracement that respects the former primary support level of 5200 would suggest a bear trap. 77 more words

Stock Markets

Gittins: forget growth, aim for quality of life | Macrobusiness

By Leith van Onselen

Published with kind permission by Macrobusiness

Fairfax’s Ross Gittins has penned a good article questioning the economics profession’s infatuation with growth and calling for policy makers to focus on quality and raising living standards instead: 356 more words

Australia & NZ

Australian democracy is in very serious jeopardy | Macrobusiness

By Houses and Holes on November 4, 2016:

Australian democracy is in very serious jeopardy. China is making great strides towards it and its intentions are not benevolent.

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Australia & NZ

ASX 200 about to fall

The ASX 200 is testing primary support at 5200. Decline of Twiggs Money Flow below zero, following a large bearish divergence, warns of strong long-term selling pressure. 13 more words

Stock Markets