Tag Archives: xjo.index

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’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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Australia 200 – Weekly Outlook

Last Monday, a double top formation looked possible. As the week unfolded, this possibility was negated when the index moved past recent highs. Even so, the move to new highs has been a pretty “limp” affair so far. At this stage the index has failed … Continue reading

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Australia 200 – Weekly Outlook

At the close of trade last Thursday, most commentators were assuming that a correction was under way. By Friday afternoon giving the benefit of doubt to an established trend again seemed the safer strategy. Even so, Thursday’s 2.3% decline, on high volume could be an early warning of the … Continue reading

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Australia 200 and UK 100 – poised to peak

The next couple of days look could be important for the outlook on index markets. The Australia 200 made a high at a significant Fibonacci cluster yesterday. A close under yesterday’s low could set up for a decent decline. The UK 100 is one of the most popular … Continue reading

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Buy the False Break – Australia 200

The Australia 200 index has traded in a range since October this year. A feature of the chart is the number of “false breaks” – where the index appeared to move outside of the range, only to negate the signal … Continue reading

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