 |
Articles AreaHome Login / Register Get RSS Feeds Add Free Article Content Article Ratings Go Daddy Coupon CodesGuidelinesAuthors Publishers |
Home |
Finance |
Currency Trading | Study of the Austral ...Study of the Australia Markets - The Untamed WestTotal Word Count: 439 Author Rating: NA  Rate this article
|
 Publisher
|
 Print
The Untamed West, I anticipate our market to rebalance over the 5000 (TL5) above and below in large swings mainly three, we are still in the first. The Dow will plunge further and faster than our market, so that's on the dark side of the moon.
The Untamed West, I anticipate our market to rebalance over the 5000 (TL5) above and below in large swings mainly three, we are still in the first. The Dow will plunge further and faster than our market, so that's on the dark side of the moon... there's enough of shorting to do in the US, I'm not tracking US stock as such, but if anyone out there finds a set up let me know and I will place it. Or you can place it in the member's assembly. On the positive side of the fence, US gold will do a little run up to retest close to TL1, so look for our local unhedged gold stocks. The Oil sideways movement above 130 has the accretion to take it to the next Medium Level ML150 so use this guild in relation to whatever oil stocks you are trading and their respective Trading levels, develop your financial strategy now if you haven't already done so, not when it gets there. The US Dollar indicator is finding minor support at 72over the last 4 months. The Dow's total indexes such as Utilities, Transport, Comp and average have all got lower prices to come. Our sectors such as Health, Industrials, Properties, Staples, Finance and Utilities are still in downtrends, sure some of them maybe at their lows, but that's only guess, they haven't confirmed their lows. Our Materials and Energies are also a concern, the Materials sector is starting to create overlapping wave structures, so we need to be diligent about protecting profits in this sector. The Energy sector has just hit, well not just hit as it has been there nearly six weeks TL2 (20000) it is in a 4th wave at/below TL2 it will react further here at this level then push up through TL2 creating the first high above that level probably to mTL2 (22000) or mTL3 (23000) So most of the energy stock that we are in will follow this pattern. At the moment most of our energy stocks are having small corrections and looking slender toppy and yes they positively could pull back to their next Medium or Major Trading Level before moving further up. If this is the case then you need to be very clear how you're going to manage this position technically and financially, scaling into and out of position according to price and volume is logical, using the Robo method is a practical choice and of course the Trading Levels can also add to be added to the plan.ArticleSource: ArticlesAlley.com
Number of ratings: 0
Rating: 0 |