All Posts Tagged With: "S&P/ASX 200"

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S&P/ASX 200 Clears Resistance Line

A breakout is a clear positive signal.

This is especially valid when the resistance was in place for a long time. It means the breakout is a significant trading event and that the strength of the bullish signal triggered is high.

The second observation is that the previous resistance is generally tested just after the breakout…

September 17th, 2009 | Gabriel Andre | 12 comments | Continued
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Good Month for Aussie Stocks, While U.S. Stocks Fell to Close the Quarter

Over in the U.S. stocks fell to close the quarter. Oil fell too. In fact the August futures contract fell by 2.3% back under $70. The culprit, according to news reports, was the rather weak June consumer confidence number published by the U.S. Conference Board.

July 1st, 2009 | Dan Denning | 0 comments | Continued
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Is the Technical Rebound Over Already?

” Most of the market players who made quick and decent money during the past few weeks do not believe in a deep reversal trend on the markets,” Gabriel wrote. “They just took advantage of a technical rebound that already drove the S&P/ASX 200 twenty percent higher than the lows posted early March.

April 7th, 2009 | Dan Denning | 6 comments | Continued
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