The ASX 200 continues in a narrow consolidation between 4300 and 4150, indicating uncertainty. Rising 13-week Twiggs Money Flow is a positive sign and recovery above 10% would suggest a primary up-trend. Breakout above 4300 would likewise suggest an up-trend, while follow-through above 4400 would confirm.
* Target calculation: 4400 + ( 4400 – 3800 ) = 5000
I dont get it! There’s a ponzi scheme out there thats been going on for years in the USA and Europe, the markets are rising on low volume…………Surely its going to come tumbling down soon…….Or am I missing something?
Its like a hot air balloon: there might be a hole in the top but as long as central banks pump in hot air at a faster rate than it is escaping, the balloon will rise.
Look at the $BILLIONS in Superannuation Funds in Australia. All the Funds have Trust Deeds that ‘control’ investments and require investment diversity. The stock market is being propped up by Superannuation Funds that HAVE to invest $MILLIONS of Superannuation Contributions every month!
These Funds cannot AFFORD a total market crash…… so we just have CORRECTIONS (that may be hair raising for a few days (1987, 1992, 1997) or drag on and on (2008, 2009, 2010, 2011…..) with the haircuts being controlled).
Don’t worry. The Fund Managers control the Stock Market. If the BUSINESSES behind the stocks in the market are solid; the products or services are needed; the profits and cash are flowing THEN there will be buyers and sellers at a mutually agreed price. This is where CONTROL comes in. It only takes a bunch of brokers to control BOTH sides of the trades, and to put these through late in the day, for the last BUY and SELL prices to be at the top of the range.
Thank goodness for Colin Twiggs – one of the few sane commentators on this mad planet.
Robert
love the way you put that colin very nice lol, keep up the great work mate.
john