World Technical Analysis: A 160 Year Old Man Brings Good News For All Ordinaries
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All eyes are on Greece this weekend, and the modern drama continues. A good way to cut through the noise is to look at the charts and the price, which currently is heading up in most world markets due to cheap money being dispersed.
Another thing to note is that markets rarely crash from the top. A good five to seven weeks of downward price action often predisposes a crash scenario, and currently many markets are at two to three year highs.
Lastly on the All Ords, we are almost seeing an entry signal from Charles Dow, who would be 161 years old this year! Love the markets. Check it out!
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 the strongest sectors report to find out where the best places to be in the market right now.
Share Your Experience And Leave a Comment in the comments section below.
Happy trending,
Dave McLachlan
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February 12, 2012
Tags: ASX, asx market, market analysis, Market Watch Weekly, stock market, technical analysis, trend following Posted in: Market Analysis, Market Watch Weekly
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