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.

Monday, April 18, 2011

All Ords reaches upper support level

The All Ords closed Friday right on the upper level of the support range at around 4940 (see post of 12 April). The market should bounce here but whether the correction is finished is not yet clear. A further fall to around 4890 this week would still keep the bullish picture in tact but a drop below 4850 this week would be cause for concern.
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