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Australia to Enter a Very Sad Period

Australia to enter a very sad period

NOT wrong, all AORDs fallen 1000pts. C wave started.

Previous Post Australia to enter a very sad period

Aussie and Kiwis are in for a rough ride over 2015-18.

readtheticker.com does have charting data for the large ASX stocks as well as NZD and AUD, so investors can watch the sell off and get ready for the base and recovery in the years ahead.

Why? Short answer China, long answer the over hyped property market which will revert to the mean, and that will hurt!

Latest AORD chart. The 1000pt drop is the start of wave C, true it wont all move in a straight line, but the top is in. Aussie share investor time to cash up, on on the next bounce if you get one!

Australian Ordinaries since 1993 Chart

Here is the original chart...(posted March 2013)

Australian Ordinaries since 1910 Chart

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote...

"Don't trust your own opinion and back your judgment until the action of the market itself confirms your opinion." ~ Jesse Livermore Trading Rule

"It's easier to fool people, than to convince them they have been fooled." ~ Mark Twain

"People somehow think you must buy at the bottom and sell at the top to be successful in the market. That's nonsense! The idea is to buy when the probability is greatest that the market is going to advance." ~ Martin Zweig (The inspiration behind a number of Martin Zweig's methods came, from Jesse Livermore).

"Bull markets are born on pessimism, grow on scepticism, mature on optimism and die of euphoria." ~ John Templeton

"I measure what's going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend." ~ Martin Zweig

 

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