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.

Sunday, October 24, 2010

A Tale of Two Cities

These two charts could explain the indecision in the All Ords. The top chart is BHP for the past 5 months. The lower one is CBA for the same time period. They have moved in mainly the same direction during that period. But during October something odd has happened. While BHP continued onwards and upwards (essentially following the DOW), CBA abruptly turned around and headed south. Other banks have behaved in the same way as CBA, while resource companies are with BHP. What's this about?
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