Articles for: ASX

The deteriorating investment climate and recessionary environment of the last few years has had some interesting impacts on social behaviour and interests.

As I write this article on Wednesday 25 August, there has been a very interesting day’s market action in Santos (STO:ASX).

If you follow the financial markets in any shape or form, it has been near impossible to miss the vast amount of merger and acquisition activity taking place under the current global circumstances.

It’s been a wonderful time in the markets. We’ve seen a very clear trend and if you were on board using Elliott Wave Analysis you would have no doubt seen some excellent trades.

The Markets can be a harsh mistress at times, moving against all rationale at the drop of a hat.

Someone suggested to me we could see the markets range trade for years – maybe 10 or a dozen years!

No doubt you are all familiar with Gann’s rule that the safest place to sell is the first lower top.

If you’ve been reading the Discussion Forum you’ve probably noticed that quite a few students are watching double tops appearing at 50% levels on several markets.

Last Friday, 9 July, an article appeared in the Australian Financial Review suggesting that Santos (STO:ASX) was on the verge of a multi-billion dollar deal to sell liquefied natural gas to Shell, Sinopec and Kogas.

Well it is a beautiful concept and one to strive for when it comes to relationships.