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The Squirrelist to close 12 Jul 2012 | 10:08 am
Dear Readers I have decided to close The Squirrelist until such time as the stockmarket improves and people return to share investing in larger numbers. The launch in August 2011 was unfortunately ti...
Australian dollar: weekly outlook for July 9 8 Jul 2012 | 09:45 pm
Last week the Australian dollar made new highs in the rally that started early June. But it also came within 50 pips of the Fib 62% correction of the losses since the Feb-12 peak to the Jun lows (1.08...
September SPI back below double bottom confirmation point 8 Jul 2012 | 09:24 pm
Mon Jul 9: Friday’s action in the September SPI did not suggest the pullback that started in Thursday is over yet. By moving below the low Tuesday the losses look capable of continuing Monday. First ...
Gold: weekly outlook Jul 9 8 Jul 2012 | 08:35 pm
Spot gold tried and failed to cross the all-important 1640 level, making it as high as 1624 last week before a pullback on Friday took it to a low of 1581. The question now is whether the action since...
Squirrel School: flying lessons 6 Jul 2012 | 08:15 am
The chart for Flight Centre (FLT) is now showing us a second safer way to trade a double bottom pattern. The travel company stock jumped higher yesterday after announcing a better profit guidance. M...
September SPI futures hits resistance and pullback possible 6 Jul 2012 | 07:27 am
Further gains could not be sustained yesterday after the September SPI hit 4159 and retreated to a low of 4116. After closing near the lows the action looks capable of producing more losses today. Fi...
September SPI confirms double bottom 5 Jul 2012 | 08:02 am
The September SPI futures closed at 4142 yesterday in a tight-range day off the US holiday. By closing above 4135 the contract confirmed a double bottom pattern with implications for a more sustainabl...
Septembr SPI fails at double bottom confirmation point again 4 Jul 2012 | 06:39 am
Yesterday was another day when the September SPI futures attempted to move above the double bottom confirmation point of 4135 but failed. In Tuesday’s session it made it to a peak of 4130 and closed n...
Counting bulls before they’ve hatched 4 Jul 2012 | 06:27 am
Despite Friday’s spectacular rally the outlook for the stockmarket may not be as bullish as most perceive. Key resistance breached Part of that mass conversion to the bull side following Friday’s sp...
SPI futures close to double bottom confirmation 3 Jul 2012 | 07:08 am
The September SPI futures traded higher yesterday following Friday’s powerful gains. But the peak of 4124 was short of the highs of 4135 from Jun 19 needed to confirm the double bottom pattern that ha...
