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ASX200 Remains a Puzzle – Market Update

ASX200 This is bordering on farcical now … the ASX200 index continues to do very little as it moves up to the key 5800 level only to be sold off again.  What I find fascinating is that the US’ S&P500 index has not only recovered from the GFC 2008 losses, it has moved another 50% …

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ASX200 Continues to Disappoint – Market Update

ASX200 The ASX200 index continues to disappoint.  It continues to trade in a tight range – this week between 5700 and the key level of 5800. I say disappoint because many ‘buy and hold’ people are disappointed the index hasn’t gained this year – it opened the year at 5667 – but also to index …

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AUDUSD Reaches 0.80 – Market Update

ASX200 I am not sure there is much more I can say about the S&P/ASX200 Index. It continues to move between 5650 and 5800 and not do much else. The selling pressure / resistance continues at 5800 and again, with the resistance in place and playing a significant role, the key level of 6000 seems …

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AUDUSD Almost Touches 0.80 – Market Update

I received an email from someone during the week about support and resistance and their application on indices. For many years I didn’t subscribe to the importance of support and resistance with indices because they just track a group of stocks.  Therefore, there are not a bunch of people sitting there waiting to sell the …

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