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.

Saturday, March 12, 2011

What can we expect now?

     The chart below highlights the last 2 times the RSI (12 day) fell below 25 on the All Ords chart. In January 2010, the market fell another 100 points before making the low about a week and half later. In early May 2010, the market fell a further 500 points before making the final low. That move took another two and half weeks.
     So which situation do we have this time? Well I always say, its difficult to predict anything let alone the future! But there is an astrologer who comments on the market from time to time that I sometimes check on. He says that astrologically speaking the 28th and 29th of March are the times to watch. If he is right, this decline may have another few hundred points to go - at least. That's another 5-10%. Knock that off your portfolio and you will know what to expect.
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