Post by
louel on Apr 27, 2013 3:59pm
estebancaballo
Talking about Technicals. Warren Buffet refers to the price chart,. Has mentioned that when a stock trading below its 50 and 200 day averages is trading weak as compared to those above. He compares a stock to its industry average. Those are technical trading aspects. He uses technicals he just doesn't knoe it. Includes it all as fundamentals. Much of it is intertwined.
Comment by
estebancaballo on Apr 28, 2013 8:08pm
Fair enough L. Thanks for the background info....highly educational! I fully agree with your way of using tech/chart analysis.....I don't think that everyone does it that way, however, and still think that the predictive nature of the analysis is overrated. As you said, it is not predictive...........
Comment by
PAGODA5 on Apr 29, 2013 12:14am
Riddle me this....why are speculators driving up the Australian $$? The Australian $ is a marker for commodities? This market is f'ed up.
Comment by
BCsilver on Apr 29, 2013 10:37am
interest rate gap in Australia’s favour over the likes of the US, Japan, most of the eurozone, the UK and Canada
Comment by
PAGODA5 on Apr 29, 2013 12:59pm
Yes I see it is at 3 percent. For some reason, I didn't think there rates were so high. I can't see them maintaining that given they are a major exporter.
Comment by
PAGODA5 on Apr 29, 2013 1:00pm
It looks to me that the OISB train has left the station. I don't think you have much more upside in this stock. It can't push through $4 and hold it.