Redback's Australian Stock Market Report: Does history repeat? Does the market rhyme? Is the Pope a Catholic?

Tuesday, May 18, 2010

Does history repeat? Does the market rhyme? Is the Pope a Catholic?

The indicators I watch on the XAO for February and May are showing a high degree of similarity.

Next couple of days could be a bear trap.

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About this blog

Emphasis in this report is given to inter-market analysis (bonds, gold, international stock markets, currencies), market sector analysis and breadth analysis. Mention will also be made of simple Technical Analysis tools. The main indicators used are the MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), Slow Stochastic, trend lines and On Balance Volume.

To make matters clear. I am not a licensed financial advisor. Any statement that I make should be read as the personal opinion of a simple chartist trying to make sense of a chaotic environment.