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   perler59
Member
Username: perler59 Post Number: 650 Registered: 09-2003Rating: N/A Votes: 0
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| | Friday, June 03, 2005 - 06:10 pm: | 
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Lack of discipline ends trading careers far more efficiently than lack of knowledge.
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   perler59
Member
Username: perler59 Post Number: 655 Registered: 09-2003Rating: N/A Votes: 0
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| | Saturday, June 11, 2005 - 08:40 am: | 
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Lack of discipline ends trading careers far more efficiently than lack of knowledge.
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   hailoh
Member
Username: hailoh Post Number: 134 Registered: 04-2003Rating: N/A Votes: 0
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| | Wednesday, June 15, 2005 - 09:40 am: | 
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Hi Perler Am I reading things into the Adv/Dec charts posted on your very handy Toowoomba site? The ASX50 peak appears to be at a resistance line drawn across recent peaks and the other plots are also stalling. Yesterday I noticed 19 stocks in Stage 4 (150dMA<50dMA)I have been following all showed falls from recent resistance levels marking pullbacks in the declining trend. Looks like time to at least be airing the shorts again.
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   perler59
Member
Username: perler59 Post Number: 659 Registered: 09-2003Rating: N/A Votes: 0
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| | Wednesday, June 15, 2005 - 11:09 am: | 
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Hello Hailoh My interpretation is that the ASX_50 is having a rest after the recent steep rise, while XMD and XSO are still looking good. ASX_50 may burst forth with renewed vigour shortly? After XJO touches the (very steep) recent trend line? Just my wishful thinking perhaps? If A-D_XSO rolls over and then makes a lower high, look out! http://sttc.net.au/~stever/
Lack of discipline ends trading careers far more efficiently than lack of knowledge.
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   perler59
Member
Username: perler59 Post Number: 660 Registered: 09-2003Rating: N/A Votes: 0
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| | Friday, June 17, 2005 - 06:10 pm: | 
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So much for XJO resistance at 4267 ZOOM!

Lack of discipline ends trading careers far more efficiently than lack of knowledge.
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   volvodriver
Member
Username: volvodriver Post Number: 15 Registered: 07-2004Rating: N/A Votes: 0
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| | Monday, June 20, 2005 - 09:45 pm: | 
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I guess with 45% of the ASX200 rally due to 17 of its component stocks the narrowness of the rally is quite evident. The broader market's advance decline looks weak against the others but is there any history of previous fast rallies like this one and how the broader market advance decline reacted after the initial 30 odd days rally.
Don't Die Wondering
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   ken
Member
Username: ken Post Number: 210 Registered: 04-2003Rating: N/A Votes: 0
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| | Monday, June 20, 2005 - 10:16 pm: | 
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Volvodriver, This rise is in Elliott Wave terms a fifth wave, and a characteristic of 5th waves is that they are narrow. 3rd waves are broad advances. The last 5th wave finished with the tech wreck in 2000 (this one is a couple of degrees lower) and its narrowness featured the "new economy" stocks but with little gain on other stocks. What are the 17 stocks you refer to and what camps do they fall into? We know the largest stocks have the greatest impact on an index but is oil the dominant theme, or are there others in your reckoning? Thanks, Ken
Price is the leader of the market crowd. (Elder) Members of the crowd follow the leader and experience the same emotions as each other. To be independent of the crowd we must not change our behaviour with price.
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   volvodriver
Member
Username: volvodriver Post Number: 16 Registered: 07-2004Rating: N/A Votes: 0
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| | Tuesday, June 21, 2005 - 09:34 am: | 
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The 17 ASX200 stocks and approximate no of corresponding points is as follows: BHP 49 WPL 13 MBL 12 RIN 11 Newscorp 9 CBA 9 TLS 8 WDC 8 MIG 7 WOW 7 WES 6 RIO 6 TAH 5 QBE 5 ANZ 5 WBC 5 NCM 5 Guess the spread is pretty general
Don't Die Wondering
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   perler59
Member
Username: perler59 Post Number: 667 Registered: 09-2003Rating: N/A Votes: 0
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| | Saturday, June 25, 2005 - 12:14 am: | 
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Ouch! The good news may be that history shows that big declines are preceded by a warning from the A-D line, and this time there was no warning... http://gw.sttc.net.au/~stever/ad_xko_historical.gif

http://sttc.net.au/~stever
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   starboard_tack
Member
Username: starboard_tack Post Number: 236 Registered: 04-2003Rating: N/A Votes: 0
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| | Saturday, June 25, 2005 - 02:44 pm: | 
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Hi Perler, I wonder though if the XSO and XKO have been giving this warning? The other two have been able to get back up to their previous high, but XKO, and especially XSO, have not been able to keep up. A possible warning that this last upleg was very much favoured by the "safer" stocks? Regards, Starb'd
"There is nothing - absolutely nothing - half so much worth doing as simply messing about in boats" Water Rat to the Mole in "The Wind In The Willows"
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   perler59
Member
Username: perler59 Post Number: 672 Registered: 09-2003Rating: N/A Votes: 0
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| | Friday, July 01, 2005 - 06:29 pm: | 
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Dragged up during the afternoon today by the top 50...

http://sttc.net.au/~stever
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   perler59
Member
Username: perler59 Post Number: 676 Registered: 09-2003Rating: N/A Votes: 0
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| | Friday, July 08, 2005 - 08:10 pm: | 
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Hmm. Was that a double top we just had or is the market about to reverse up and make a double bottom in an uptrend? There's quite a divergence between the A-D lines and XJO.

http://sttc.net.au/~stever
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   perler59
Member
Username: perler59 Post Number: 679 Registered: 09-2003Rating: N/A Votes: 0
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| | Friday, July 15, 2005 - 06:37 pm: | 
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Come on market. Make up your mind already A-D lines still looking bearish.

http://sttc.net.au/~stever
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   rederob
Member
Username: rederob Post Number: 1097 Registered: 10-2002Rating: N/A Votes: 0
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