Market Watch Weekly – ABC Corrections on All Ords and Hang Seng, Plus Buy and Sell Signals
By Dave McLachlan
Click below for the latest Market Watch Video (if you can’t see the video, click the link above) - See Terms Here
UPDATE:
It seems like the tiniest bit of news can send the market into a panic or an uproar at the moment. One minute it’s up, one minute it’s down. This signals one thing and one thing only – investors don’t know what the hell to expect from earnings this year and so are taking their cues from any piece of information they can. As most of you will already know, this can lead to disasterous results.
So far it’s been a mixed bag, with some companies reporting nice profits (CCL, Coca Cola) and some posting dismal failures (TLS, Telstra), and then some posting gains, but not big enough (like NAB, National Australia Bank). Lots more results to come out this week, so maybe the market will get some traction then!
In the mean time, however, the charts tell us the story we need to know. As William Gann says – we should be using all of our rules all of the time. This week’s video is no exception, with Elliott Wave rules, Trend Line rules, ABC Corrections, and of course the buy and sell signals using these methods! We hold nothing back, so check it out.
But most of all, enjoy and have fun!
As always, thanks heaps for checking out ASX Market Watch – Subscribe in the top right hand corner for weekly updates!Â
Of course please do your own due diligence - a great place to start is the free trading and investment course on this site. Check out my personal Trading Diary if you want to see me practice what I preach.Â
Happy trending,
Dave
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August 14, 2010
Tags: ABC Correction, all ords, asx market watch, buy signal, dow jones, elliott wave, FTSE, hang seng, head and shoulders, sell signal, top 200, trend lines Posted in: Market Watch Weekly
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