The ASX 200 is testing primary support at 3980/4000. Failure would confirm the primary down-trend signaled by downward breakout from the large ascending triangle (August to May) and reversal of 63-Day Twiggs Momentum below zero. Declining 13-week Twiggs Money Flow (below zero) indicates strong selling pressure.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.
There is almost now 3 years of buying out of the money. The big end of town has been selling the retail buyer their stocks and moving to cash and select bonds. As shown countless times before they will buy dirt cheap again just like they did in 2009 at the bottom. Buy and hold has become such a farce on a broad scale.
The BIG end of town? I’m. not a big player, and I sold every stock I had 3 months ago, – and put my funds in Term Deposits when the rate was up at 5.9%.
Ya don’t have to be ‘big’ to see writing when it’s on the wall..
iDecimus, it sounds like you go thru life looking for other people to blame for your own wrong decisions.
The Big End of town forced you to buy into a falling market,- HOW? Because they **gulp** SOLD their own stocks when they started going bad?