A compelling picture is emerging on the$S&P/ASX 200 (.XJO.AU)$chart. The index is approaching a crucial chart point at 8,060 just as Australian voters prepare to go the polls on Saturday. The positioning of the index indicates a potentially huge market reaction to the election result – in contrast to polls that show a Labor victory is increasingly likely. The chart point would draw traders’ attention even without the backdrop of a federal electi...
TWIMO (151403908)
:
Wow! Fascinating chart… I always wondered if decision maker’s reacts to the charts or the charts depicts their actions. I hope it is the latter because we need confident leaders. Anyways, I reckon neither party’s able to influence the market. Just don’t be as reckless as Morrison government damaging the wine and seafood industry…
Michael McCarthy CEO
OPTWIMO (151403908)
:
it's a fascinating question, and it's amazing the number of times that technical analysis has forecast a market surprise. A colleague once wrote an article called "Is Fibonacci a member of the FOMC?" (The Fed's decision-making group) after the USD/JPY charts predicted a surprise Fed move. Chicken and egg?
TWIMO (151403908)
Michael McCarthy CEO
OP
:
Please tell us which is the more likely one trader that I follow decided to Call on SPY and a few mag 7 stocks at that extreme oversell 2 weeks ago…. She got some real pleading and criticism for challenging markets seemingly searching for the bottom… boy did she call it correct…. all based on reading the technicals…. amazing…
Michael McCarthy CEO
OPTWIMO (151403908)
:
It's an important principle - those seeking better than average returns must go against the crowd, at least some of the time.
We are starting to see expectations for Fed rate cuts be kicked down the road - Strong retail spending sales overnight saw the expectations for the Fed rate cut in March to be dropped to a 50% chance of a cut. - Plus are seeing Fed speakers also say the Fed still needs to be cautionary - I think that's because SOME inflation is creeping up – Plus we do have strong US eco news - Retails sales and Fed'beige book (another eco read)...
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
TWIMO (151403908) : Wow! Fascinating chart… I always wondered if decision maker’s reacts to the charts or the charts depicts their actions. I hope it is the latter because we need confident leaders.
Anyways, I reckon neither party’s able to influence the market. Just don’t be as reckless as Morrison government damaging the wine and seafood industry…
Michael McCarthy CEO OP TWIMO (151403908) : it's a fascinating question, and it's amazing the number of times that technical analysis has forecast a market surprise. A colleague once wrote an article called "Is Fibonacci a member of the FOMC?" (The Fed's decision-making group) after the USD/JPY charts predicted a surprise Fed move. Chicken and egg?
TWIMO (151403908) Michael McCarthy CEO OP : Please tell us which is the more likely
one trader that I follow decided to Call on SPY and a few mag 7 stocks at that extreme oversell 2 weeks ago…. She got some real pleading and criticism for challenging markets seemingly searching for the bottom… boy did she call it correct…. all based on reading the technicals…. amazing…
Michael McCarthy CEO OP TWIMO (151403908) : It's an important principle - those seeking better than average returns must go against the crowd, at least some of the time.