This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
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Thursday, March 31, 2011
Sunday, March 27, 2011
Friday, March 25, 2011
Thursday, March 24, 2011
Wednesday, March 23, 2011
Tuesday, March 22, 2011
Japan Crisis : How the Bull and Bear React ?
A tongue and cheek look at Japan ETF
The Bull with deep pocket
The Buy Bias and Oriented funds and analysts are calling a buy based on
value . Calling it even - "Rock Bottom" valuations.
And its advocate, the legendary warren Buffet, says in not so many words, he
is in Japan for the long haul. And it is in his vested interest to say so considering
his sizeable positions in that country. His words alone probably act as a safety
net for his portfolio. A support for many mini funds.
And many analysts who might be in private thinking the contrary will only echo
the view of the legend, calling it a Buy.
Please be reminded as well, most of the Japanese nuclear insurance is held overseas
Berksire does have a sizeable insurance division if not portfolio.
Whether its directely affected, I dont know.
The Bear - Hedge funds
He did not disclose his exact assets but said the fund was approaching $250 million, up from $70 million at the end of 2009. "When the crisis hit, we reacted quite quickly. So within two to three days, we liquidated the entire Japanese exposure," said the Hong Kongbased Tam.
A historical chronologial view of Japanese Debt warnings
Pre- Tripple whammy
Japan, the land of rising debt
13 May, 2010
Debt crisis: In Japan, Greece is the word
May 21, 2010
Tokyo budget fails to ease debt concerns
December 27 2010
S&P downgrades Japan on debt concerns
27 Jan 2011
S&P downgrades Japan on debt concerns
Jan 28, 2011
The Japanese sovereign debt downgrade a warning shot for the US bond market
Feb 7, 2011
Post - Tripple Whammy
Japan demand for US debt may ease on quake: analysts
15 Mar 2011
The Bull with deep pocket
The Buy Bias and Oriented funds and analysts are calling a buy based on
value . Calling it even - "Rock Bottom" valuations.
And its advocate, the legendary warren Buffet, says in not so many words, he
is in Japan for the long haul. And it is in his vested interest to say so considering
his sizeable positions in that country. His words alone probably act as a safety
net for his portfolio. A support for many mini funds.
And many analysts who might be in private thinking the contrary will only echo
the view of the legend, calling it a Buy.
Please be reminded as well, most of the Japanese nuclear insurance is held overseas
Berksire does have a sizeable insurance division if not portfolio.
Whether its directely affected, I dont know.
The Bear - Hedge funds
He did not disclose his exact assets but said the fund was approaching $250 million, up from $70 million at the end of 2009. "When the crisis hit, we reacted quite quickly. So within two to three days, we liquidated the entire Japanese exposure," said the Hong Kongbased Tam.
A historical chronologial view of Japanese Debt warnings
Pre- Tripple whammy
Japan, the land of rising debt
13 May, 2010
Debt crisis: In Japan, Greece is the word
May 21, 2010
Tokyo budget fails to ease debt concerns
December 27 2010
S&P downgrades Japan on debt concerns
27 Jan 2011
S&P downgrades Japan on debt concerns
Jan 28, 2011
The Japanese sovereign debt downgrade a warning shot for the US bond market
Feb 7, 2011
Post - Tripple Whammy
Japan demand for US debt may ease on quake: analysts
15 Mar 2011
The Japanese sovereign debt downgrade a warning shot for the US bond market - The Experts | Switzer
The Japanese sovereign debt downgrade a warning shot for the US bond market - The Experts | Switzer
The following table explains why Japan received a sovereign debt downgrade last week. The bland numbers are that the Japanese Government has about $10 trillion of issued debt (205 per cent of GDP) and total government receipts (mainly taxation) of approximately $900 billion per annum. We can deduce that interest payable by the government is about $100 billion per annum, maturing debt approximately $500 billion per annum and over $400 billion of new debt is being created this year. The result – Japan’s total gross debt servicing commitment (including rollover debt) will exceed its total revenue collections for the first time since 1946.
The following table explains why Japan received a sovereign debt downgrade last week. The bland numbers are that the Japanese Government has about $10 trillion of issued debt (205 per cent of GDP) and total government receipts (mainly taxation) of approximately $900 billion per annum. We can deduce that interest payable by the government is about $100 billion per annum, maturing debt approximately $500 billion per annum and over $400 billion of new debt is being created this year. The result – Japan’s total gross debt servicing commitment (including rollover debt) will exceed its total revenue collections for the first time since 1946.
Monday, March 21, 2011
AudUsd - daily
Prices has hit the resistance line both on the daily and 4 hourly chart.
However,
For bearish view to hold..
Prices has to remain below 1.0070
And break 0.9950 on the conservative side,
In that case it will have at least broken the 4 hourly upward trend channel
Bias to the the down side.
However,
For bearish view to hold..
Prices has to remain below 1.0070
And break 0.9950 on the conservative side,
In that case it will have at least broken the 4 hourly upward trend channel
Bias to the the down side.
Sunday, March 20, 2011
Friday, March 18, 2011
AUDUSD : Topped ?
Daily Chart :
5 Waves have been traced out.
Prices has broken out and down of triangular top consolidation.
Hourly breakdown :
Internal structure of the daily chart.
Possibly Wave 3 of C in formation [??]
5 Waves have been traced out.
Prices has broken out and down of triangular top consolidation.
Hourly breakdown :
Internal structure of the daily chart.
Possibly Wave 3 of C in formation [??]
Thursday, March 17, 2011
ASX Stks shortlist
WPL : Prices still consolidating in a triangle. Await breakout.
WHC : Prices seems to have put in a top at $7.30.
Prices may bounce to resistance line.
Still in the trend channel.
Bias to the downside though.
TRS
Prices in a triangle.
Have to break downward sloping resistance and $14
to close Gap.
TEL : Still in down Trend channel
MQG : Downward trend channel and moving averages .
MND : Would prefer somemore price formation to confirm direction
IPL : Prices still below moving averages.
Trend unclear if its start of 5 or B
Await further confirmation
EAU : Prices still in downward trend channel
DJS :
Prices awaiting breakout. May go sideways .
Take note this is a weekly chart.
1 bar is 1 week.
WHC : Prices seems to have put in a top at $7.30.
Prices may bounce to resistance line.
Still in the trend channel.
Bias to the downside though.
TRS
Prices in a triangle.
Have to break downward sloping resistance and $14
to close Gap.
TEL : Still in down Trend channel
MQG : Downward trend channel and moving averages .
MND : Would prefer somemore price formation to confirm direction
IPL : Prices still below moving averages.
Trend unclear if its start of 5 or B
Await further confirmation
EAU : Prices still in downward trend channel
DJS :
Prices awaiting breakout. May go sideways .
Take note this is a weekly chart.
1 bar is 1 week.
Wednesday, March 16, 2011
Tuesday, March 15, 2011
Aristocrat : ALL
Resistance $3.40 - $3.50
Prices seems to have traced out 1st part of a A-B-C correction.
For prices to move up further, it has to break out of resistance convincingly which
will then INVALIDATE this present wave count.
Probably wait and see, what happen next.
Will prices consolidate , correct ?
Prices seems to have traced out 1st part of a A-B-C correction.
For prices to move up further, it has to break out of resistance convincingly which
will then INVALIDATE this present wave count.
Probably wait and see, what happen next.
Will prices consolidate , correct ?
WOR : Worley Parson
Support $28.50
Resistance $32.00
Prices still within Trend Channel.
$28.50 is key support.
Considering the bottoming stochs
Prices may bounce from there.
Resistance $32.00
Prices still within Trend Channel.
$28.50 is key support.
Considering the bottoming stochs
Prices may bounce from there.
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