Market Watch Weekly: The Level Every Technical Analyst In Australia Is Waiting For (With Targets)

This Market Watch Weekly is for educational purposes only and is not to be interpreted as trading or investment advice.  See Terms Of Use here.

This week we look at how the buyers are winning out on the All Ordinaries in an Ascending Triangle pattern, and give price targets based on Elliott Wave for the All Ordinaries, FTSE and SP 500.

We also look at China and how it is breaking down again – not a good sign for our local market.

Check out the video below!

http://youtu.be/t-t5ev_0-r0

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, and our free Live S&P ASX 200 Shares list, Charts and Top Movers.

Don’t forget to tell me what you think!  Good bad or indifferent, leave a comment below.

Happy trending,

Dave McLachlan

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March 25, 2012  Tags: , , , , , , , ,   Posted in: Market Analysis, Market Watch Weekly

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