Archive for May, 2010

Dave’s Trading Diary – Getting Back To Basics

 Access the trading diary here: Well it seems the overall markets are playing out exactly as we thought they would – in analysing the broadening wedge recently and the anticipated fall through the bottom of the wedge, then over-correction to the upside.  Of course, this also means that most of my long positions have been [...]

May 17, 2010  Tags: , , ,   Posted in: Dave's Trading Diary  No Comments

ASX Market Watch – May 2010 – ASX Top 200 Awaiting Bear Market Signal

By Dave McLachlan Click below for the latest Market Watch Video (if you can’t see the video, click the link above). UPDATE: The ASX Top 200 has confirmed its short term sell signal at the end of April 2010 – now we’re just waiting to see if it will also confirm a full bear market [...]

May 16, 2010  Tags: , , , , , ,   Posted in: Market Watch Weekly  No Comments

ASX Market Watch May 2010 – ASX Top 200 Broadening Wedge, Dow Jones, Hang Seng

By Dave McLachlan Click below for the latest Market Watch Video (if you can’t see the video, click the link above). UPDATE: The ASX Top 200 continued to fall after its short term sell signal, and guess where it fell to?  That’s right – the bottom of our broadening wedge!  Amazing.  But in the video [...]

May 9, 2010  Tags: , , , , , ,   Posted in: Market Watch Weekly  No Comments

Dave’s Trading Diary Update – May 2010 – Slowly The Stops Get Triggered

What a brilliant week on the markets!  After the short term sell signal on the ASX Top 200, stocks really began to sell off.  Of course – a week after the chart signal we hear about higher taxes on resource companies and then higher overall interest rates too.  The chart always seems to be “in the [...]

May 5, 2010  Tags: , , , ,   Posted in: Dave's Trading Diary  No Comments

ASX Market Watch Weekly – May 2010 – ASX Top 200 Support, Dow Reaches Target

By Dave McLachlan Click below for the latest Market Watch Video (if you can’t see the video, click the link above). UPDATE: That early sell signal we got last week on the ASX Top 200 continued to sell off – and where did it find support?  Right on the long term up trend line!  Meanwhile, [...]

May 3, 2010  Tags: , , , , , , ,   Posted in: Market Watch Weekly  No Comments