Back from the dead?

All cash now... lets see what happens

I will return......

In this life or the next..... green till Xmas is the call........

watch out below

things will turn bad then good very quickly

50%

So what does the Aussie Market do.......

Currently sitting on the 50% retracement..... the bulls are strong and aren't showing any signs of capitulation - YET.

Like a master said; in a bull market you get double tops, in a bear market, you get double bottoms......

times are getting interesting again. Also note; the XJO was 3.4 points away from the magical 5000 mark!!!

safe trading

Rising Wedge

Rising wedge on MACD divergence.

The rising wedge is confirmed with 2 touches of the upper resitence line and lower support line.

Waiting for break of bottom support line as confirmation.



Safe Trading.

Its been a while

Time I got back into the groove of things

Well the DJIA hasn't done to much....its been in a very nice uptrend since i last blogged.

As you can see it has bounced of the upward trend line for about a month now, some nice trading opportunities. it has also found some resistance.

Market is now trading above long-term resistance. I was calling short about a month ago and we did get some counter falls but all seems 'rosie' at the moment.

More to come shortly.....

safe trading

nice trade