XLD 0.53% 1,627.5 s&p/asx 200 2 x daily leverage index

S&D, S&R, Trends, Fork's and Turnarounds, page-432

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    I've been trying to get something of a handle on this market.  All I've got is my charts - I don't watch the news here at all, very rarely look at the local paper, and make no effort to know what is going on - I just don't care.  I do read a few posters on HC, but really, very few.


    So that brings me back to the charts.  I don't like the action on the S&P 500.


    Here's my chart and what I'm pondering:

    https://hotcopper.com.au/data/attachments/1333/1333847-2d1536742b6aac868ea7dc0c25539ecb.jpg


    And then there are the Aussie indexes.  I spent some time last night playing around with the longer time-frames on the XJO and to be honest, I find it a bit alarming.  I want a raging bull market that I can make some dough on, but right now that is not what we have, and every week I look for the reversal that is needed but in our unique way of running around like a headless chook, unable to find a lead from anywhere, our market is just flapping around waiting for big brother to make it's case known.


    These are very long-term charts, they contain a lot of history, and that history always has a story to tell.  I suppose I could pose the question "If history keeps on repeating itself, why would it not do so again now?"  I have no interest in following the American news flow, all I know is that Trump isn't popular.  I have no idea if there is some wonderful set of events that are about to turn this market around.  I'm not seeing it yet in the short-term charts, and I'm definitely not seeing it long-term.


    Not trying to be Martis here - I'm incredibly positive about things in my own life these days. Just feel the urge to post this stuff and get it out there.  It is weird, I didn't plan to be back on HC posting this year - it just happened.  I started looking at charts for the first time since I left in 2016 and it has just rolled out from there, as if it is meant to be.


    Long ramble, better post the charts...

    https://hotcopper.com.au/data/attachments/1333/1333877-6b29fa8f137ada0d800fb07a15d91af9.jpg




    https://hotcopper.com.au/data/attachments/1333/1333879-e6e1b4fbd1bb8945af0124a42a3d8200.jpg
















 
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