NZ50 Index - Update

Where is it going ?
Unfortunately it's not all its fault !
Anyway ......
I don't trust too much at this figure above.
Some clouds are obscuring the sun, and I don't know why
but I reckon next long term target it is
area 2600-2550
where there are some interesting setup (70% today).
I want to say that it's really likely we are going to retest the 1998 top, as long as the shaddyy slump keeps going in its way.
Otherwise, if the pace is less dramatic it will stop close to 2750 area where there is a 61,8% retracement (30% today).
Stay tuned.
Bye

TELECOM update

Absolutely no good !
I think it keeps going down.
To where ?
Let's go to see what Elliot teach us.

The Elliot Wave Analysis in this case tell me :
a) area 3.5 - 2.5 has 90% chance to be reached;
b) area 3.30 is 75% Wave (top 1- bottom 3) and also 2,382 projection Wave 1 (Wave C);
c) area 3.30 is 1/3 of the absolute Top (9.90 - on 2000);

so .... I think next easy target it could be ... 3.30 for now,
but there's a great chance to see this share plunge to 2.35 area before start remaining flat for a while and bottom out.
That has just joined us ! Coming next ....(couple of weeks)
Will Telecom weather the storm ?
Will Telecom get off to a flying start when it reach that area ?
I think we won't miss the boat !

Keep in touch.
Bye

Something interesting

Performance YTD all around the world by Ticker Sense

10 Year Yield (world)

By Ticker Sense

Aussie market sectors

Looking around in some interesting Financial Blog I found out these special graphes and I wanted to post them because I reckon they could give us some interesting information for the nex weeks.

Nz50 Index Update

Every time the same History !

article wrote on NZ Herald website today

Directly from Dominon Finance Website

I am really sorry for the people get involved in this sad business but I'd like to bring the attention on some things:
1) before put the money into some funds try to read their balance sheet or at least ask at some financial advisor to do that for you;
2) don't believe at everyone tell you that make money on the financial market it's always easy;
3) as you can see on the pictures above their "gains" rose every year just because their equity-allocations rose too and on the top of "euphoria" more than 40% was put on shares instead of to think of their cash position ( 5ys ago that percentage was only 9.5);
4) were they good, smart or skilled ? Not at all ! Every year .... UNDER BENCHMARK. In fact if you had bought the NZ50 Index you 'd have done much better (2003-2007 = 100% and not compound interest);

My advice ?
Open your eyes and try to be informed.
There are a lot of good advisors here, on or out-line. Find them !

bye

What about Gold and Dollar Index ?

I think in one small movement by Us Dollar as concern a long term view. Still, I am not sure the Gold is ready to invert because of inflation. So my opinion and my trading is long short term Us Dollar Index and ready to close the position as soon as it reaches area 80-81.

Hang Seng - Shanghai - Nikkey Index (update)

I am quite ready to enter again on the Asian Market in the following days. The allocation will be :
35% Nikkey
35% China
30% Hang Seng

Stop loss for Nikkey and Hang Seng index it will be the previous March minimun, while for the Shanghai Index it will be the 1x1 Gann line ascending.

Bye

Some Banks and Home Builders to avoid

CURRENCIES UPADATE

EUR-JPY at 16 Jun 08

Gbp-Usd at 16 Jun 08

Gbp-Eur at 16 Jun 08

NZD-AUD 16 jun 08

GBP-USD 16 jun 08

READY TO HIT

Citigroup to offer 100 billion yen in samurai bonds

Nikkei: Issuance is first aimed at retail investors since 2000

By MarketWatch

Last update: 6:43 p.m. EDT June 9, 2008

Updating to correct a mathematical error in an earlier version

SAN FRANCISCO (MarketWatch) -- Citigroup Inc. will issue as much as 100 billion yen ($940.6 million) in samurai bonds on July 1, its first such offering aimed at Japanese retail investors since 2000, according to a published report.

With interest rates low in Japan, Citigroup has determined that it can raise funds under favorable terms and that the yen-denominated bonds will attract interest from Japanese retail investors, business daily Nikkei said on its Web site in a report dated Tuesday.

Samurai are yen-denominated bonds issued by foreign borrowers in Japan. In the first three months of 2008, foreign companies raised nearly $5 billion, about 4.5 times the total amount in the first quarter of 2007, according to Thomson Financial.

Citigroup's planned samurai issuance is the first aimed at retail investors since its 50 billion yen offering in September 2000, Nikkei said. Citigroup offered a 270 billion yen samurai issue in June 2007, aimed at institutional investors.

Nikko Citigroup Ltd. will lead manage the three-year bonds, which will be marketed through Nikko Cordial Securities Inc. and other institutions, beginning Friday. The bonds are expected to generate a 2-3% annual yield, with a minimum unit costing 1 million yen, Nikkei said.

By comparison, the return on Japanese government bonds that mature in three years is around 1%.
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Are you ready ?
I am ready !!

by

OLD FASHION IN U.K.

I checked last week-end the U.K. Market to try to understand what 's going on there.
I found out something really interesting.
1) House market is getting worse;
2) Beer it seems not to be "fashionable" anymore;
3) Some financial institutions are really in trouble;

so... my advice is :
KEEP YOUR EYES VERY WELL OPEN !

bye