lbo1984

lbo1984

Possible support test at the 0.36 level, setting stop loss below at 0.35 and trying to catch this falling knife. Target is 0.73 with possible continuation

lbo1984

After noting the rising wedge and the RSI downturn we've moved our investments into property, international infrastructure, inverse ETFs and bonds to avoid the shake out. Initial speculated buy zone was hit two months early - revised predictions for possible down turn support zones highlighted.

lbo1984

Bearish reversal thoughts 5k at 0.618 would be strong support. Assuming same recovery timeframes from 2008 financial crash. Happy to sit in property and infrastructure until i see monthly RSI turn up.

lbo1984

Last time monthly RSI turned down was in 2008 and it took 490 days to turn back up. Hoping to re-enter the market following the bounce off the 0.618 fib at historic support. I'll sit in property and global infrastructure to hopefully make gains on any government QE.

lbo1984

Bearish divergence detected Indicates underlying weakness. Bulls are exhausted.Warning of possible trend direction change from uptrend to downtrend.

lbo1984

Bearish divergence on the stochastic indicator detected Indicates underlying weakness. Bulls are exhausted.Warning of possible trend direction change from uptrend to downtrend.