bear market
« Previous EntriesWas the American stock market plunge reason to be nervous or just a buying opportunity?
Monday, July 12th, 2010Image by MyEyeSees via Flickr One of the reasons I questioned was also because I’m still a rookie at investing and wanted to hear some opinions. I’m as green as can be when it comes to stock market investing, and I know people lost lots of money, but is the drop really a reason to [...]
QBE Still Bearish… But for How Long?
Friday, May 29th, 2009There are many stocks that are now giving bullish signals, but it is fascinating to see that in some sectors that are strong, there are still particular stocks that are very bearish. QBE is a stock that is particularly bearish even though the financial sector as a whole is looking strong. This week has [...]
ASX heading Downwards?
Monday, May 25th, 2009The XAO closed with a Dark Cloud Cover last week on the weekly chart, which indicated a likely pull back this week. And this is what happened. There was a small pause and bounce made by the small term resistance on the daily chart. Now a lower peak (LP) has been formed under the up [...]
BSL – Down Movement
Wednesday, April 29th, 2009BSL is another stock that recently rallied with the strength of the market, but is now showing significant signs of continuing with the overall bearish trend. As the rally tried to break through the 4 month down trend it lost strength and failed to make a higher peak or higher trough above the trend [...]
AMP Bullish? Or Will the Bear Still Win?
Friday, April 24th, 2009AMP has had a strong Bull run over the past few weeks, but the stock shows no signs of strength in the go. This is still a bearish stock. The weekly chart tells the tale. The stock has been in a strong down trend channel for the last 18 months. The recent strong rally [...]
Bearish Chart Pattern – Double Top
Monday, April 6th, 2009The end of this week saw the XAO break above the 12 month down trend channel. Does this mean we can expect the XAO to climb higher? Not yet. Though it has broken free of this channel it is still being held down by a strong weekly support. If this resistance is respected once again, [...]
Materials Sector in a Bear Market – XMJ
Monday, March 16th, 2009The Materials Sector has had a lot of people saying its brilliant investing as it’s holding its own now in this bear market. So let’s take a look and see what the charts are telling us. If looking at the daily chart of the materials sector (XMJ), it would be simple to see why so [...]
Short Stocks Opportunity
Monday, March 16th, 2009There are alot of stocks forming the same sort of patterns at the moment, and with the overall market down, shorting stocks can be a high probability choice. CPU is forming a familiar pattern right now. It meets the basic criteria that indicates the sellers are in control and are likely to be around for [...]
NAB Downtrend
Tuesday, March 10th, 2009Since the beginning of the fall of the XAO in late 2007, many stocks have been back to lows not seen for quite some time. Today NAB clearly broke through a weekly support level with a bounce off a downtrend channel top, with increased volume. The weekly chart show there is no significant support to [...]
Double Top – Charting Patterns
Monday, March 2nd, 2009Each week the XAO is breaking support and continuing to show us bearish signals, which support the medium term flag break target (identified 15/01/09) of around 2500. This week saw the confirmation of a double top. The neckline is a weekly support line that was breached on Monday, with the rest of the week re-testing [...]
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