ASX:XAO Australian All Ordinaries (entire Market) performing precisely to Projection of previous 3 Posts.
Note the 'Gold' and light Blue lines tracking my 50 and 200 Day EMA projections (dashed dark blue and brownish lines respectively) made @ date/time of previous post.
The light blue vertical line of the 12th of November is where the 2 EMA's WILL intersect and print what I AM here and now dubbing "THE RESURRECTION CROSS" as opposed to the well known term 'the Death Cross' when the 50 crosses the 200 day EMA to the downside.
Well, there is nothing down about this Cross !!!
On the 12th the Market will move into an important new phase and large Institutions and Superannuation/Pension/Managed Funds that buy the entire Index Funds will come roaring back into the Market in large Volumes once this Event materialises.
*Also of Note is the blue Bullish signal line meekly crossing the HOT pink DMI. This should fully assert itself and take an upward trajectory above the Pink DMI whilst the orange will head south below the green 'plimsoll line' set @ approx 20.
If you are looking for a SAFE BET where the ONLY other possibility is COMPLETE MARKET ANNIHILATION then this is it ! Basically If the All Ords caks itself from here then start making Peace with your Maker because its Mad Max from thereon in!
As this is NOT in HIS Blueprint - YET, Getting positioned before the 12th is a great Plan of action. What better diversification can you get in Australia?
Answer = NONE!
So that's the entire Index's projected path.
Having said that Banks are still whiffy and on the nose and could prove a Millstone around the neck of the rest of positive/constructive Industry in OZ and THUS... for those brave souls amongst US seeking Alpha I recommend looking for VALUE and researching elsewhere in OZ (Tip- there is PLENTY ABOUT atm!) ;
Energy, Minerals, Biotech, OZ Tech, Agricultural, basically anything the Chinese or the rest of the World wants from us.
A plethora of VERY EXCITING potentially BIG MONEY plays at early stage entry;
Expect volatility but the payoff for the brave, tenacious and patient is potentially IMMENSE:
ASX STOCK TICKERS>
CVN - "STAGGERING UPSIDE" - "DISCOVERED 1 BILLION BARRELS OF 'OIL' (not to mention the 'TCF' of GAS IN SHALLOW WATER OFF NORTH WEST SHELF ) - " POTENTIAL GRAND FIELD DISCOVERY"
BIT - " SUCCESSFUL STAGE 2 TRIALS testing A CURE FOR HIV and HEP B/C"
BD1 - "SUCCESSFUL NON-INVASIVE EARLY CANCER DETECTION TESTS PATENTED - OVARIAN/BREAST/LUNG/PROSTRATE etc."
4DS - "REVOLUTIONARY 'INTERFACE' SWITCHING RE-RAM MEMORY CHIP (FASTER, MASSIVELY HIGHER CAPACITY, MORE EFFICIENT THAN ANYTHING ON MARKET) UNDERGOING LARGE SCALE DUPLICATION PROCESS STREAMLINING @ IMEC"
***Disclosure - I hold all 4 Stocks.***
As for the XAO - like Led Zeppelin song goes - "...Gonna Bring It On Home...Bring it on Home to YOU...Watch out watch out Mesmerize..."
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.