[cobran20]

pinozi, on 24 November 2009 - 05:09 AM, said:

Very bearish candle on IPL daily chart

XJO also had a big reversal today, downside momentum could build up if fridays lows are taken out tomorrow

Good call. The world is in for the Dubai massacre. Now we need to check the size of the correction to see if the rally from March is over.

[cobran20]

With the RBA meeting next week and the stock markets having the wobblies, the attached document is of relevance!

Attached File(s)

•  Think That Central Banks Move the Markets.doc (99K)
  Number of downloads: 7

[firehawk]

cobran20, on 27 November 2009 - 12:20 AM, said:

Good call. The world is in for the Dubai massacre. Now we need to check the size of the correction to see if the rally from March is over.

It's the triple D problem - the Dubai Debt Default!!

[cobran20]

All those signals given by the pathetic market breadth, divergence in the indicators have come to fluition. Quite amusing reading BS articles from the media such as Bank shares hammered 3pc on Dubai worries. As the attached charts show, the banks rolled over 2-4 weeks ago. Dubai was just an excuse to justify an already existing downtrend. Either that or the smart money already knew of Dubai and began exiting ahead of the herd.

Attached File(s)

•  cobran20.zip (1.06MB)
  Number of downloads: 3

[cobran20]

One security keeps climbing despite the large drop on the ASX today. I wonder what beartrap's latest prophecies are? Thxs.

Attached File(s)

•  1.jpg (153.37K)
  Number of downloads: 19

[spark]

firehawk, on 27 November 2009 - 01:24 AM, said:

It's the triple D problem - the Dubai Debt Default!!

And I thought that the PPT had a day off yesterday due to the public holiday...

[cobran20]

Still rising compared to the previous month.

Attached File(s)

•  1.jpg (207.86K)
  Number of downloads: 14

[tor]

cobran20, on 27 November 2009 - 07:17 AM, said:

...Either that or the smart money already knew of Dubai and began exiting ahead of the herd.

As I read this article I thought of your statement:

http://www.smh.com.a...91127-jwtx.html

Quote

In recent months Leighton's boss, Wal King, has been distancing the company from Dubai, stressing the company earns more in Abu Dhabi and Qatar.

I guess this is where traditional brokers would say they were paying attention to Wal and immediately moved out of Dubai based risk and tech analysts would simply see Leightons (and other insiders) manoeuvrings to remove their own exposure in the pattern of the activity of the day.

Is that a fair description of TA?

[zaph]

firehawk, on 27 November 2009 - 01:24 AM, said:

It's the triple D problem - the Dubai Debt Default!!

they haven't defaulted yet, got a few months to do something.

[cobran20]

tor, on 28 November 2009 - 12:55 AM, said:

As I read this article I thought of your statement:

http://www.smh.com.a...91127-jwtx.html



I guess this is where traditional brokers would say they were paying attention to Wal and immediately moved out of Dubai based risk and tech analysts would simply see Leightons (and other insiders) manoeuvrings to remove their own exposure in the pattern of the activity of the day.

Is that a fair description of TA?

Sounds reasonably fair. The major turn in prices occur before they appear on the news. Other than looking for the pattern, large volume also gives a clue that somebody big is buying/selling.

[cobran20]

The country that first tried Quantitative Easing is on its way to test its 2009 lows. IMO, it will make new lows before its bear market is over and it has already been in a downslide for 20 years.

Attached File(s)

•  1.jpg (221.82K)
  Number of downloads: 17

[Bernard L. Madoff]

That is a scary graph everytime I look at it.

Lay the Real Estate on top and its tears all round.

[cobran20]

1984-2009: Chronological Analysis of Dow Jones and Nikkei 225

[cobran20]

Next stop for the Dow should be a meeting with the lower trendline. Note the piss weak volume on which it rose this month.

Attached File(s)

•  1.jpg (246.24K)
  Number of downloads: 11

[yoda]

Cobran - Should we expect the ASX to be heading significantly downwards in the coming months? If so how soon, are we talking now or in several months.

[cobran20]

yoda, on 28 November 2009 - 09:44 PM, said:

Cobran - Should we expect the ASX to be heading significantly downwards in the coming months? If so how soon, are we talking now or in several months.

If it breaks below the trendline, next stop should be the 4000-4200 mark.

Attached File(s)

•  1.jpg (252.85K)
  Number of downloads: 20

[firehawk]

cobran20, on 28 November 2009 - 10:19 PM, said:

If it breaks below the trendline, next stop should be the 4000-4200 mark.

The last 2-3 months trading looks like setting up for a head and shoulders top. Breakdown of that top measures down to about 4000 or so.

[Bernard L. Madoff]

Won't we just follow the Americans firehawk?

Attached File(s)

•  SPX EONOV09.JPG (241.01K)
  Number of downloads: 7
•  SPI EON09.JPG (247.5K)
  Number of downloads: 8

[firehawk]

Tinpusher, on 29 November 2009 - 02:47 PM, said:

Won't we just follow the Americans firehawk?

Follow them how? That's it's finally time for our property prices to take a tumble following the US property price bust?

[cobran20]

firehawk, on 29 November 2009 - 12:57 PM, said:

The last 2-3 months trading looks like setting up for a head and shoulders top. Breakdown of that top measures down to about 4000 or so.

Yep, that has been on my mind as well. It needs to break the neckline at a bit over 4500 first. So far, the ASX has printed a lower high. So it is a further sign that a correction is most likely ahead.

The US was closed on Thursday and it was half day trading on Friday. So what happens tonight will be interesting. I noticed that the DAX & FTSE had a positive close on Friday. So we may get one as well today.