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, November 14, 2011

No real leads on All Ords

It's no secret that this market is going nowhere at the moment so there has been very little to blog about. My guess is that we are in for another couple of weeks of indecision. While the XAO Indicator remains blue, we can expect this market to edge higher, but until it breaks through 4500 convincingly we need to remain skeptical that the trend has changed. Even 4400 is proving difficult enough, the market has been knocked back from there 5 times since August - but the declines from that level are getting shorter and shorter which tells me the market is building for a strong burst.
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