I am not a financial adviser so you should not take any part of this blog as being financial advice. Observing and interpreting charts is a hobby and so is this blog. The information in this blog is just my opinion, it may not reflect reality. Stock market investing is risky - you can lose all, or potentially more than all of your money given certain market conditions. Not only can you lose a lot of money buying shares, you can also lose a lot of potential profits by selling shares at the wrong time. So please do not buy or sell shares because of information in this blog. Whether you buy or sell shares is your decision as is the decision when to buy and sell. Do not risk any money you cannot afford to lose. Do not risk any money if you do not fully know and understand what you are doing.

Wednesday, August 25, 2010

All Ords turns down

Here's today's chart showing that the All Ords has turned negative. This is not a good sign for the market. It's little like a theme park roller coaster that has gone up and over the hill and has now started the journey down. What we don't know, is whether this will be a long decline or a short one, whether it will be steep and fast or gradual and slow or a bit of both. Whichever it turns out to be, one thing is now clear, the direction will be down. By the way, the Dow also turned red last night.
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