Colin Twiggs seems to becomin bullish

  1. 4,086 Posts.
    End September:
    Short-term: The US market should have a positive effect on the local market. Avoid new short entries unless the XAO falls below 2940. The Slow Stochastic and MACD are below their respective signal lines.
    Medium-term: Wait for the All Ords to signal a reversal.
    Long-term: Wait for a bull-trend on the Nasdaq or S&P 500 (primary cycle).



    Now:
    Short-term: Take new entries where stops are tight. The Slow Stochastic and MACD are above their respective signal lines, but the Stochastic is in oversold territory.
    Medium-term: Take new entries. Use stop losses to protect yourself against a sudden reversal.
    Long-term: Wait for confirmation of the bottom reversal signal.



    I'm not saying that he is necessarily right. He does, however put the chartwork in. Anyway, it's interesting to add to other opinions.


 
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