Yet if you read the financial press to make your investment decisions
You would be de risking when you should be putting the pedal to the metal.
Inverse Head and Shoulders points to a whopping price from here once the neckline is broken.
Studying the Dow Jones extensively over the years has been enlightening, but unraveling the patterns within the ASX has always presented a unique challenge. Despite their differences, I believe the outcome from this juncture will remarkably mirror each other, signifying an imminent peak. Witnessing charts with distinct patterns eventually converge in their own...
Since October, the Australian All Ordinaries index has been steadily climbing along its bullish uptrend line, demonstrating resilience despite a few zigzags along the way. The index has now touched this rising trend line for the third time, signaling the possibility of further rallies to come - potentially up to the horizontal pink resistance line - before pulling...
Since 2000, the All Ordinaries Index ( AORD ) has displayed a negative seasonal tendency on the last trading day of December.
1-day average return -0.21%, standard deviation 0.72%, win rate 5 from 22 events.
Last year marked the 12th consecutive loss for the All Ordinaries Index on the last trading day of the calendar year. Will the positive lead from the US...
Since 2000, the All Ordinaries Index (AORD) has displayed a positive seasonal tendency over the last 3 trading days of December & first 2 trading days of January.
5-day average return 1.04%, standard deviation 1.19%, win rate 17 from 22 events.
In terms of statistical significance, the conditional 5-day average return of 1.04% versus the unconditional 5-day...
All on the chart for educational purposes only.
COVID base pattern target was met ( near enough is good enough for me).
Will the current downside target also be met ?
looks like this up/down leg has completed and we have made a bottom/low for now - if we break below our purple line my views are wrong and we're probably heading for a deeper correction.
Since 1980, the average 3-month performance of the All Ordinaries Index following a Federal Election is similar after both Labor & Liberal victories. However, the data is consistent with random & statistically insignificant when compared to average 3-month drift.
Disclaimer: This data is not financial advice. Past performance is not a guide to future performance...
Laying in wait for a move.
NASDAQ dropping, Russian Conflict, Pandemic, 'Chinese' problems (apparently) in the islands.
Volatility equals big movements, big movements equal big rewards and big risks.
No movement equals stagnation, no one's interested, so no ones putting in or pulling out, simply waiting.
Purple/Yellow is the whole market regression trend......
The All Ordinaries Index has just recorded 4 consecutive down weeks. Since 2000, following this type of weekly downward persistence, the 6-week forward interval had a tendency to yield a reasonable result. 6-week average return 3.58%, 17 up, 4 down, median 4.04%, standard deviation 5.84%, maximum 16.06%, minimum -9.40%.
Adding a volatility trending higher filter...
8 years of gains in 15 months
Ascending wedge
Indicators screaming overbought
Momentum slowing down and making lowers highs.
What's going to be the straw that breaks the camels back?
Traders across markets have taken that as a sign that the Fed might be more aggressive about rolling back the stimulus that has been feeding stock market gains across geographies. ASX All Ords trading on a similar path. It trading near all-time high but not crossing the high levels and will continue to be volatile. As per Finasko.com, XAO closed with the gain of...
December 2021 marked 7 Consecutive Calendar Quarter Gains for the All Ordinaries Index. Data paucity caveats aside; What does this streak of quarterly gains portend for the Quarter ending March 2022? Momentum or Reversal? The historic record sides with Momentum.
Disclaimer: This data is not financial advice. Data is for educational & informational purposes only &...
My view and analysis is The XAO has NOT proven that its broken out of its downtrend yet. I continue to see lower highs and the Trend does not look to have changed as of yet. In a previous accumulation Period which was similar I could see the pattern was also different to this one. I think we are in different waters here and the outcome is still waiting to play...
For the 1st time since February 2020, the All Ordinaries Index (XAO) has closed lower for 5 consecutive days. The February 2020 episode didn't end well. However, one swallow does not a summer make.
Since 2000, XAO has fallen for 5 Consecutive Days (up or unchanged day followed by 5 down days) on 60 occasions. Following this weakness, XAO managed an average...
Technical indicators are pointing towards a possible near term correction.
SP trading within a long term bearish ascending wedge pattern. (purple)
Short term bearish descending triangle forming. (red)
MACD showing bearish convergence. (white)
Shooting star candlestick shows excessive selling pressure.
Odds are in the favour of the bears.
Confirmation would...
Daily not looking good for the asx all ords, but if monday the stock market bounces to the green, we could see a weekly reversal in favour of the bulls. Weekly chart shows a reversal doji i feel, but only time will tell.
Not many winners out there this week, lets see how next week goes.
