• 558 days Will The ECB Continue To Hike Rates?
  • 559 days Forbes: Aramco Remains Largest Company In The Middle East
  • 560 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 960 days Could Crypto Overtake Traditional Investment?
  • 965 days Americans Still Quitting Jobs At Record Pace
  • 967 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 970 days Is The Dollar Too Strong?
  • 970 days Big Tech Disappoints Investors on Earnings Calls
  • 971 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 973 days China Is Quietly Trying To Distance Itself From Russia
  • 973 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 977 days Crypto Investors Won Big In 2021
  • 977 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 978 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 980 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 981 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 984 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 985 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 985 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 987 days Are NFTs About To Take Over Gaming?
readtheticker

readtheticker

readtheticker

We are financial market enthusiasts using methods expressed by the Gann, Hurst and Wyckoff with a few of our own proprietary tools. Readtheticker.com provides online…

Contact Author

  1. Home
  2. Markets
  3. Other

Power of Mean Reversion with the Aussie ASX

Australian Fan

Many use this method of price estimation for the long and short term price targets.

Previous post: Australia to enter a very sad period

The site would bet that that Charles Nenner use a similar formula to make the Dow 5000 call. As you can see statistically it is a very accurate formula.

Australian Ordinaries Chart 1

A reminder of the AORD as at 2013.

Australian Ordinaries Chart 2

Investing Quote...

"At long as a stock is acting right, and the market is right, do not be in a hurry to take profits." ~ Jesse Livermore Trading Rule

"The stock market is filled with individuals who know the price of everything, but the value of nothing." ~ Philip Fisher

"It is better to have few stocks and to watch them carefully." ~ Bernard Burach

"To me, the 'tape' is the final arbiter of any investment decision. I have a cardinal rule: Never fight the tape!" ~ Martin Zweig

"By failing to prepare, you are preparing to fail." ~ Benjamin Franklin

 

Back to homepage

Leave a comment

Leave a comment