I believe KW has mentioned a few
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The generally acknowledged 'bible' is Technical Analysis of the Financial Markets, John J Murphy.
S&P/NZX 50 5,677 -0.86%
This is what is on NZX website (NZX.com) as I type this, must be something wrong there as it says NZX 50 down .86% while its only down about 20 point or so.
Any explanations or is it just that NZX can't do their math right?
There are 2 bibles the other one is Encyclopedia of Chart Patterns 2nd Ed by Thomas N Bulkowski The book has 1035 pages :)..He also has a website The Patternsite
Is NZX50 currently best performing index in the world? Only 5% down on highs. There can't be many indices that are doing better... are things really that good here?
Yes things here are even better than "that good".
As Fred Dagg always said;"We don't know how lucky we are."
I hold or have an interest in the following companies that are performing really well;
AIA,AIR, AWK,CVT,EBO, FPH, FRE,HNZ,MEL,SCL,SEK,SKL,SUM,RYM and TIL.
And on the unlisted market my PAZ and REL are well positioned.!
Markets set to tumble Monday
http://www.theage.com.au/business/ma...15-gkz9nq.html
I reckon NZX will be OK though
I won't be until the afternoon, imho, that NZX decides what's what, which is the curse of being the first market to open the week (and rather small and insignificant in the scheme of things). With ASX coming online at midday, China and Asia to follow and the big money after that. DOW and SP500 futures aren't exactly tanking at the moment (9:00pm NZ time), but they are down.
Edit: maybe should also note that the USD is falling and Gold which loves a crisis is rallying. All these things conspire against an orderly day on the NSX. Beware the NZX stocks which have already turned over along with the DOW/SP5 decline last week, look for the correlations.
JMO,
BAA
True. Just looked at the 9/11 SP development. NZX 50 went after the attack quite quickly down by roughly 15 to 20 percent but recovered within 2 to 3 months to reach higher highs.
Obviously - this one was luckily much smaller than 9/11 - and so should be the fallout.
In my view no need to panic (well, from a financial perspective - obviously we need to do something about the terrorists).