might be a slight bump in the road today.
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might be a slight bump in the road today.
Suppose the good thing about this falling market is the RB may leave interest rate low for a longer period.
Scary market.
yeh not to happy with happened over night! those nice gains i made yesterday will probably vanish, i cant see the market going much lower unless Portugal or Spain throw a spanner in the works over the next week or so
Here is some really good news to cheer you up :- We are right on target for the 19th.
The NZSX50 Index is exactly 43.3% of the way to the target.
Exactly 43.3% of the allocated time has elapsed.
Some would call this spooky..... Others wouldn't.
http://i602.photobucket.com/albums/t...PB/NZSX520.gif
Phaedrus,
Thank you for the chart update.Power cut tonight,then when lights went back on, found one of the cats had been sick all over the bed,so your post was a nice bit of brightness.
Personally I think we are heading for another 27% or more decline.
[QUOTE=Phaedrus;305274]Here is some really good news to cheer you up :- We are right on target for the 19th.
The NZSX50 Index is exactly 43.3% of the way to the target.
Exactly 43.3% of the allocated time has elapsed.
Some would call this spooky..... Others wouldn't.[QUOTE]
Phaedrus I am in awe at your knowledge, and must find other reputations to add to before I can add to yours again.
I searched this thread out recently to determine our current position, decided to wait patiently for your timely update. Upon reading I recieve great solace, and suggest not so spooky for me...
Must add as a clarification, any point on the trend line will have equal proportions of rise/run (ie 43.3%)
If 43.3% is significant then I am showing my engineering knowledge is greater than my market knowledge.
As to the future, lets wait and see, or act and watch.
For my part a little more waiting then action...
V.
Excellent work VT. Well spotted! The entire thread is a spoof of course and 43.3% has no more significance than any other number. I added the "Others wouldn't" clause to cater for observant intelligent readers who know that the rise/run ratio is a constant.
If you ever want an update of this or any other chart, don't wait patiently - just ask.
nzx getting very close to a downside break of 6 mth odd sideways channel , Will it be black Monday.