ASX 200 trading the range - not shorting, but sitting outThe ASX 200 is amazingly predictable. From the 2009 low, average annual growth less than 11% - long-term there are better markets to invest in TBH (especially when you consider that the AUD has lost 42% of its value vs the USD in that period).
Trading within a tight parallel trend-line (with a few brief times outside the range) for almost 15 years. Price today appears to be on the upper trend-line, which would suggest over-valuation. I will check-in again when the price is in the 7300 to 7100 range. However, since the AUD is looking like it will continue its free-fall, I may consider other markets. The markets may gain, but if the currency is de-based, the gains are not real - especially when you consider capital gains tax etc etc. Actually, it would be a very positive thing for investors if the next government (I strongly expect a change in Government at the next election) removes Capital Gains Taxes on investment gains.
XAT trade ideas
Morning Star beri peluang yang terlepas LongMn Trendline tolak price.
Chart Pattern di H4 telah bentuk Head n shoulder.
Harga masih boleh teruskan long.
Tiada tanda yang masih kelihatan price nak turun.
H4 Candlestick telah bentuk Morning star. Tanda kekuatan lembu jantan
sondol harga nail.
Buy.
Tp di Sell zone
ASX 200 Index & AUD & Before Today's Rate Decision Sept 5, 2016hours of research:
So, far, the trend resumes before the rate decision, but new information will break patterns. According to my suspicions and the analysis of the Australian economy, initially, I thought all is lost; however, when I looks at the whole picture; that is, the economic activity, consumer health, the labor market, inflation, the booming housing market, and now this market indicator (the ASX Australian 2000's, weekly, bullish uptrend), the picture looks bullish as a whole.
It took several hours to check this out. I probably missed something. I want to believe that it is bearish, but it is not. From this, I conclude that it is not right that Australian lowers their interest rate anymore.
Maybe this is like a pregnant woman with birth-pangs. All the signs look disastrous, but out comes something beautiful. My bullish view of the Australian economy was, indeed, eroding, but it has not died out yet.
Recommended pairs for myself are
(1) The carry trade in AUDJPY, like before several weeks or months ago. The yield has been nice as well as the appreciation of the price.
(2) I hold a short on AUDUSD, which may not work out.
(3) I am long AUDNZD.....