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Australia to enter a very sad period – Its started!

Courtesy of Read the Ticker

australia-to-enter-a-very-sad-period--its-startedWell it has started, South Pacific living off China is not going to work out so good! Over capacity, plus housing market debt will be adjusted down.



Previous post here, and original here





Sure this blog started this story in 2013, since then the Aussie AORD went from 5250 to 7250, and now it is down to 5000. So if you could squeeze out 50% gains and keep it, well done. But if you could not get out you are bust. Notice the rapid and unforgiving decline, how any one got out with a large position is any ones guess.



Of course some stocks may buck the trend, keep an eye on dividend paying gold stocks like Newcrest Mining, symbol - NCM





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AORD






Divider







Changes in the world is the source of all market moves, to catch and ride the change we believe a combination
of Gann Angles,
Cycles,
Wyckoff and
Ney logic
is the best way to ride the change, after all these methods have been used successfully for 70+ years.
This post is a delayed and small sample of what is avaliable to members. Sign up to enjoy the full service.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net



Investing Quote…



..”There were times when my plans went wrong and my stocks did not run true to form, but did the opposite of what they should have done if they had kept up their regard for precedent. But they did not hit me very hard – they couldn’t, with my shoestring margins.”…



Jesse Livermore





..“If a speculator is correct half of the time, he is hitting a good average. Even being right 3 or 4 times out of 10 should yield a person a fortune if he has the sense to cut his losses quickly on the ventures where he is wrong.”..



Bernard Baruch





..“Don’t try to buy at the bottom and sell at the top. It can’t be done except by liars.”..



Bernard Baruch





..”When I bet big .. I have a mind to own a position for years .. Yet you must have a ruthless objectiveness and open mindedness as to when the facts change to exit the position, if so within hours or days .. I have not used a stop loss in 40 years”..



Stanley Druckenmiller





..”If past history was all there was to the game, the richest people would be librarians”..



Warren Buffett








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Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!