I new beta web site is available for viewing called Stock Trader TV. It's an interesting idea that extends on Alpha Trends and You Tube.
Looks like they have a few high profile sponsors so it will be interesting to see the first Australian trader to provide video trading commentary in a similar style.
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Google has revamped it's finance page. Although clearly targeted towards the US market a useful feature of the redesign is the addition of You Tube. Daily videos are made available from Reuters, Forbes and other media outlets.
You Tube is becoming a useful tool for people interested in world markets with videos available about forex, equities and business dealings.
It would be great to see more offerings for the Australian market in the near future.
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A Three Inside Up Pattern occurs after a 2-day bullish harami pattern. To form the Three Inside Up pattern, the third day is a white day with a higher close than the second day. The three inside up pattern turns a low-reliability bullish harami into a high probability reversal pattern.
The All Ordinaries have formed this pattern on the last two pull backs in the recent uptrend. The current pullback has again formed this pattern? Is this candlestick pattern and indication of a strengthening XAO?
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The backflip occurred quicker than anticipated. Mr Mike Rann, The South Australian Premier, has declared he wants a referendum on the issue of nuclear power for South Australia. This comes after a week earlier saying it would be an "all-round disaster" if a plant was built in his state.
Mr Rann told Australian Nuclear Energy Pty Ltd, the private company behind building the proposed nuclear power plant in Australia, that "My message to this company is 'you've got zero chance of building a nuclear power plant in South Australia; you'll have to look elsewhere'.". Now Mr Rann wants a state referendum on nuclear power if the Federal Government moves to override state bans on nuclear power plants.
Given the fact that the nuclear power industry has a history of accidents and the people who suffer most if an accident does happen are those living closest to the nuclear power plant, it is logical that decisions concerning the construction and operation of reactors should be taken by public referendums. Dangers have been reduced, we are told, with advanced technology, but the fear remains.
I think both Mr Rann and Mr Bracks (Victorian Premier) have made the correct decision in allowing the public to speak. An earlier decision by Mr Rann would have improved is credibility, but I'm pleased he was strong enough to reverse his decision. Speculation on 5AA, a South Australian local talk back station, that this announcement of a referendum is to divert attention of the job losses of hundreds of Holden workers in Adelaide northern suburbs could have been avoided and demonstrated a stronger government to the South Australian voters.
South Australians are after a strong leader, and both the current government and opposition party are not providing it.
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Didn't realize CQT was in a trading halt, so this one is a hold in the ASX Opportunities until it comes out and we see what direction it takes...
Current stop loss is at $0.795, last close at $0.81.
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