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
Tags » Australia & NZ
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
By Houses and Holes on November 4, 2016:
1,317 more words
Australian democracy is in very serious jeopardy. China is making great strides towards it and its intentions are not benevolent.