I found a recommendation of a good starting ground to learn about finance in Wallstraits. [email protected] is essentially Wharton business school’s knowledge base. There are so many interesting articles written by Prof Jeremy Siegal, interviews with Carly Fiorina and so on and so forth.
Selling Ausgroup at 43 looks like a bad decision. After my sale, it went up to a high of 48 cents today. However, judging by the chart below, it is due for some correction soon.RSI and ADX is exceedingly high. ADX is an indicator that i used alot. judging from this, when ADX cuts +DI, its an indication to me that the trend will not continue for long. Lets hope my decision is correct.
I have been observing the dow run recently and i feel there is a need to be cautious at this pt. The unusual low volume is a possible indicator that we might have reach the end of this leg soon. The RSI on the weekly charts looks to be turning down whilst the +DI and -DI looks to be narrowing. One should note that based on the past occurance where ADX narrows it usual signals the end of the current trend. and of all things we see a doji at the top of that run up.
In contrast, the Hui looks much better in valuation compare to the dow stocks, particularly interesting is the stochastics.