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