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Last week I sent a newsletter discussing the US markets and how they had reached a long term trendline and that it was probable they would bounce off that line. I was out by a day as the markets fell one more trading session before bouncing up hard. If you missed that newsletter here is the link.
http://www.easysharetradingsystems.com.au/products-and-services/archive/listid-1/mailid-142-a-line-in-the-sand
Our market started to consolidate before the US bounce so it seems I was not the only one here in the land of OZ seeing the same probability on the charts.
I have also posted updates on our Australian market again this week. You can click here for that.
http://www.easysharetradingsystems.com.au/how-to-trade/52-week-highs
"To see another with clarity and objectivity, one first must master stillness."
Alberto Villoldo
PS: For those close to the Gosford area I teach beginners Zen meditation classes every Thursday night. Email or ring me for more info.
Happy New Year.
About Peter
http://www.easysharetradingsystems.com.au/easy-share-trading-systems/about-the-author
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