CHART WATCH
QBE (17.33)
Along with other insurance stocks, QBE has fallen on hard times between the currency and Queensland floods. Looking at the weekly close chart, it has made a series of spike lows – 16.71 on 17 Jun, 16.69 on 15 Jul – with significant resistance at 17.75. It, too, needs to...
YTE Blog
Viewing entries tagged Dawn Bolton-Smith
The three volumes of Dr Mircea Dologa's 'Integrated Pitchfork Analysis' might well be considered a Swiss Army Knife for the beginner and advanced trader alike. Although the books are centered on the author’s tools of choice – the mighty pitchforks – the reader will be pleased to find a variety of tr...
CRANE (10.14)
After its dramatic turnaround on 17 Dec 2010 there was a crossover on the weekly chart. Directional Movement +DI 45, –DI 16, ADX 29.4, and now 48.7. A stunning daily chart is holding above the rising 30 period moving average at 97.04. I suggested in my last comment that it would be wo...
PERPETUAL (29.60)
This makes a grim picture on the monthly chart, which registered its all-time high of 84.58 on31 May 2007. The bear market took it down to 21.65 on 27 Feb 2009, and it subsequently rallied to 41.15 on 31 Aug 2009. Overall market weakness then took it back to 27.11 on 2 Jul. Direct...
SUNCORP METWAY (8.00)
The bear market low in the last issue was 4.36 (a decimal was misplaced). Overall, this has been a disaster for long-term holders from an all-time high of 21.48 on 31/10/06. It had made a fabulous point and figure chart of a major top. The 30-month moving average has put a cap...
On Education
Dr Mircea Dologa, of Pitchfork Analysis fame, has posted a weekly trading education article in eSignal. In it he observes: “When a novice trader enters the highly competitive field of trading, he or she should be aware that a new trader is up against the finest, sharpest and toughest m...
Q. Dear Dawn, In the past you have published a ASX 200 Index with Price Earnings Ratio, 10 Year Bonds and Dividend Yield. Could you please up-date this chart? As there are bound to be some important changes in trend.
A. I view this as an extremely important and informative chart showing them ...
ASX SMALL ORDINARY INDEX (2492)
Another shock when viewed on the monthly chart – the all-time high was 4176 on 30/11/07. The waterfall decline to 1413 on 30/3/09 was great for the bargain hunters, who enjoyed a bear market rally to 2635 on 30/10/09. The daily chart shows a similar pattern to the AS...
The usual six Market Analysts 6 charts (see page 58 Nov/Dec 09 issue of YTE) in this issue on semi-log scale featuring the harmonic moving averages – 5/5/30 period. Q. You frequently refer to the Directional Movement (DM) System. Could you please explain how it works in the various markets? NJ.
A. I was privileged to attend a seminar at the Sydney Opera House in 1980 when J. Welles Wilder, the inventor of DM gave a presentation. Jake Bernstein was there and i...
This chart was shown in the Jul/Aug 2009 issue of YTE magazine, highlighting the presence and importance of the Gann 108 Square and currently makes interesting viewing where the price action is now indicating an important rally. ...
This chart of the ASX 200 Index is an extremely useful chart, which must be plotted on a daily basis to give full value. The monthly close chart is shown on the ‘Winners and Losers’ page. Its long-term history shows a wonderful growth phase up to an all-time high of 24.00. It then closed at 21.06 on 29/1/99. The current bear market low plunged through 2003 support levels to prices not seen since 1990. The current rall...
AMCOR (4.40)
There was a waterfall decline after a clustering of the moving averages on the daily chart on 22/1/09 and a new low of 3.71 on 5/3/09, which prompted a strong recovery bounce to 4.58. Having a chequered price history after the 1990 low of 2.76, it rose to make a double top in May 2002...
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