Tag Archives: australia 200

Australia 200 – Further to go

Since June last year, we’ve become used to a pattern of relatively shallow corrections in the Australia 200. It’s been just over a year since we’ve seen a red candle as big as this week’s. The last was the week of 13 May 2012. Looking at the … Continue reading

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Australia 200 – crossing the line

Daily moves of the Australian market are becoming more difficult to predict. Yesterday, the Australia 200 index showed surprising strength. Today, despite positive leads from energy and metal markets and only mild falls in the US, the market is down. … Continue reading

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Australia 200 – Short Term Sell

Today’s high in the index looks to me as though it could be forming part of a pattern resistance with potential for another move down to recent supports

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Australia 200 outlook and the RBA decision

As I write this, the Australia 200 is weakening in advance of today’s RBA decision. I thought it might be worth posting a few thoughts on the technical outlook for the index and how this might fit with today’s rate decision plus … Continue reading

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Australia 200 Kicks Heads

The Australian share market has kicked me in the head again. I’ve been calling for a short term pullback to the 4,700 region, but the strength overnight and today has delivered another lesson in humility. More importantly, the risk in … Continue reading

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Australia 200 – Weekly Outlook

In this post, I take a look at the relationship between the charts of the index, copper and BHP  and discuss the potential impact of some of the data releases for the rest of the week.

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Sell Australia 200 on Failure

At an index Price to Earnings ratio between 19 and 20 times, I’m looking for sell signals in the Australia 200 index. The failure at resistance this morning has tipped me in:

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Australia 200 – Outlook update and potential turning points.

In the last 2 Weekly Outlook blogs, I’ve discussed the possibility that the index is in the first downward leg of a significant correction. Today, the index has taken out the March low. This has thrown up some Fibonacci projections that might … Continue reading

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Australia 200 Weekly Outlook

Last week did little to change the technical outlook. However, short term charts are showing signs of a corrective pattern that could become an opportunity for swing traders. The RBA maintains its easing bias. Today’s statement again noted that the inflation outlook afford would afford scope to ease … Continue reading

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Australia 200 – Weekly Outlook

Last week’s price action gave us a clear break of the uptrend that had lasted over 3 months and yielded a peak to trough rally of 20%. This week, I outline some thoughts on what this trend break suggests for medium term trading strategy in light of a comparison … Continue reading

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