{"id":4714,"date":"2012-06-26T02:40:27","date_gmt":"2012-06-26T06:40:27","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=4714"},"modified":"2012-06-26T02:40:27","modified_gmt":"2012-06-26T06:40:27","slug":"australia-asx-200-8","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/06\/26\/australia-asx-200-8\/","title":{"rendered":"Australia: ASX 200"},"content":{"rendered":"

A monthly chart of the ASX 200 shows how the index tends to peak ahead of the CRB Commodities Index and Australian Dollar but then fall in step with them from there on. The ASX 200 was first to reverse direction in 2011 but commodities now lead the way. Expect Australian stocks — and the Aussie Dollar — to follow commodities lower. Breach of primary support at 3850 would offer a target of 3200*.<\/p>\n

\"ASX<\/p>\n

* Target calculation: 3800 – ( 4400 – 3800 ) = 3200<\/span><\/p>\n

On the daily chart, breach of support at 3980\/4000 would signal a test of primary support at 3850. Reversal of 21-day Twiggs Money Flow below zero, warning of medium-term selling pressure, increases the likelihood of a downward breakout.<\/p>\n

\"ASX<\/p>\n

* Target calculation: 4000 – ( 4150 – 4000 ) = 3850<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

A monthly chart of the ASX 200 shows how the index tends to peak ahead of the CRB Commodities Index and Australian Dollar but then fall in step with them from there on. The ASX 200 was first to reverse direction in 2011 but commodities now lead the way. Expect Australian stocks — and the … <\/p>\n

Continue reading “Australia: ASX 200”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,57],"tags":[251,284,861],"class_list":["post-4714","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-stock-markets","tag-asx-200","tag-audusd","tag-crb-commodities-index"],"yoast_head":"\nAustralia: ASX 200 - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: ASX 200 - the patient investor\" \/>\n<meta property=\"og:description\" content=\"A monthly chart of the ASX 200 shows how the index tends to peak ahead of the CRB Commodities Index and Australian Dollar but then fall in step with them from there on. 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He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-1e2","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":304,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/17\/aussie-dollar-recovery-is-tentative\/","url_meta":{"origin":4714,"position":0},"title":"Aussie dollar recovery is tentative","author":"ColinTwiggs","date":"August 17, 2011","format":false,"excerpt":"The Aussie Dollar recovered above the former primary support level at $1.04, testing resistance at $1.06. Breakout would indicate an advance to $1.10. But there are several question-marks over the latest advance. First, the rally has accompanied a similar recovery on the ASX 200 (to test resistance at 4500). If\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4486,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/05\/31\/australia-asx-200-breaks-triangle\/","url_meta":{"origin":4714,"position":1},"title":"Australia: ASX 200 breaks triangle","author":"Colin Twiggs","date":"May 31, 2012","format":false,"excerpt":"The monthly chart of the ASX 200 displays a downward breakout from the ascending triangle, forming since September 2011, offering a target of the 2008 low at 3200*. Reversal of 63-Day Twiggs Momentum below zero also suggests continuation of the primary down-trend. * Target calculation: 3800 - ( 4400 -\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":19713,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/02\/01\/asx-resources-and-aussie-dollar-take-a-beating\/","url_meta":{"origin":4714,"position":2},"title":"ASX Resources and Aussie Dollar take a beating","author":"Colin Twiggs","date":"February 1, 2020","format":false,"excerpt":"The ASX 300 Metals & Mining index took a beating as concerns about coronavirus impact on Chinese imports soared. Breach of support at 4450 is likely and would warn of a test of primary support at 4100. Iron ore reaction is more muted but bulk commodities, especially iron ore and\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15263,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/05\/12\/asx-200-bearish-consolidation\/","url_meta":{"origin":4714,"position":3},"title":"ASX 200 bearish consolidation","author":"ColinTwiggs","date":"May 12, 2017","format":false,"excerpt":"The big banks fell sharply on news of a new levy on bank liabilities in the latest budget. At this stage the ASX 300 Banks Index merely shows a secondary reaction. Breach of 8500, however, would signal a primary trend reversal, offering a medium-term target of 8000*. * Target: 8500\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24085,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/02\/13\/asx-hesitant\/","url_meta":{"origin":4714,"position":4},"title":"ASX hesitant","author":"Colin Twiggs","date":"February 13, 2021","format":false,"excerpt":"Iron ore found short-term support at $150\/metric ton but the subsequent bounce is unimpressive, with 13-week Trend Index cutting below its 7-week MA. Expect another test of support at $150. Breach would offer a target of $130\/metric ton. The ASX 300 Metals & Mining index shows a similar pattern, likely\u2026","rel":"","context":"In "Aussie dollar"","block_context":{"text":"Aussie dollar","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/aussie-dollar\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":923,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/22\/aussie-dollar-heads-south-as-commodities-weaken\/","url_meta":{"origin":4714,"position":5},"title":"Aussie Dollar heads south as commodities weaken","author":"ColinTwiggs","date":"September 22, 2011","format":false,"excerpt":"The CRB Commodities Index is trending downwards in a broad trend channel after a failed rally to test resistance at 350. Expect a test of the long-term rising trendline at 300. The 63-day Twiggs Momentum peak below zero confirms a primary down-trend. 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