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mongo
Every day, in every way, practising, striving, to be a better Robert De Niro impersonator. You talkin' to me?
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mongo Oct 27
Replying to @CitizenVoltaire
Time to just die? But harsh Volt?
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mongo Oct 27
The hackneyed, cliche, banal, juvenile voice overs by "presenters" in Australian tv travel shows make them unwatchable. Reads like a dull brochure with stuff like "and the food is to die for" any age "from 7 to 70". Dishwater blandness.
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mongo Oct 27
The banks (and miners) show why the XJO has never risen to its pre-GFX high. ANZ is 33% below the 2015 top and well below the $31 pre-GFC high. Currently in a vaguish support level
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mongo Oct 27
CBA. Hard to believe this is Australia's biggest company. 30% down since 2015 and just $3 above the pre-GFC top. Next support is $1 down from here at $64.50
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mongo Oct 27
Dow transports. For adherents of Dow theory (and I suspect it's still valid) they're back to the February low bounce level with a similar promising bullish candle (wait for confirmation)
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mongo Oct 27
The is struggling to hold 0.70. Can't see any past support here for 70. Has had 69 and 68 though
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mongo Oct 27
The US dollar index has risen while US markets have fallen. But is now at August resistance. Indicators haven't topped out though.
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mongo Oct 27
XJO daily. We've had the correctioin we had to have, 10.8% over Sept and this month. Below the 50, 200 and 500 day sma. Below diagonal supports. Below Feb and April lows. But at the bigger support levels of last year. Indicators are lower than a pregnant snake's belly
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mongo Oct 26
US Dollar Index back at resistance. May give a respite to the shares slide
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mongo Oct 26
If Thursday is dismissed as a dead cat bounce, US markets overnight closed a little higher than big fall Wednesday. January's sell off took 5 days to stabilise after the huge day's drop. This event we've had 3.
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mongo Oct 25
BHP ADRs in New York suggested $31.45 here...and we hit it at the open. But our market, being a Friday and all, is having no more of it. Currently struggling with $31
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mongo Oct 25
Replying to @kates_9999
Like so (click to enlarge)
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mongo Oct 25
Replying to @kates_9999
I said bull flag with a ? because while the flag pole is down, to be a bear flag the flag part would have to slope up, whereas it's sloping down. If that makes sense.
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mongo Oct 25
Replying to @kates_9999
More likely the incomplete formation is shaping up like bull flag?
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mongo Oct 25
Following on from fib grid for DJIA...Uncanny how a fall from the present height lines up the 61.8% major fib with the pre-GST all time high. The 50% and the minor 23.6% at lesser significant levels.
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mongo Oct 25
I'm not a big fan of engulfing candles, or haramis, but for those who are both the DJIA and SPX, moreso (shown) have bullish haramis
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mongo Oct 25
Similarly, Twitter was one of the big fallers, but overnight shot up 15.5%. You;d have to hope it's not forming a big bearish head and shoulders pattern though.
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mongo Oct 25
Amazon was one of the big falls on Wednesday. Overnight though not only recovered but rose higher than pre-fall, up 7 %. However, after hours it's down again, 6% after announcing expected profit but below par revenue.
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mongo Oct 24
XJO low this year 5724 on was April 3. Only 10 points above that now. Next support is 5650
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mongo Oct 24
Us markets have wiped all the year's gains, DJIA lost about 200 of its 608 points fall in the final half hour's trading. Our market erased the year's gains on October 9, so we're way ahead! In fact XJO has erased all gains since 2017.
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