It is always interesting to review what this column has said during the year. Because copy has to be in a month before publication, predictions must be limited: but I try to provide up-to-date analysis, based on technical information and guidelines, that will be of some value to act upon almost as soon as it reaches your letterbox.
The Nov/Dec 2009 issue of YTE suggested traders should ‘Proceed with caution’, with the ASX 200 Index at 4600 on 18 Sep 09; uranium at $46; and cheap explorers coming to life. The United States was the driving force for markets. Among the winners were BHP and CBA; and losers included Tabcorp and Telstra.
The YTE issue for Jan/Feb 2010 cautioned that there were ‘More lessons from history’, with the ASX 200 Index at 4572. Winners included G.E.; losers included Crane. In this issue we discussed the Australian dollar, focusing on the Aussie working in Hong Kong who was paid in US Dollars under the influence of a broker who had the view that the $A would come back under 0.5500, so he was reluctant to switch. I held the view that gold bullion R.Pref would continue to provide good trading opportunities (then at 12945); and I advised the US Dollar Index would provide interesting action, and inversely too.

Excerpted from an article originally published in the Mar/Apr 2011 issue of YourTradingEdge magazine. All rights reserved. © Copyright 2011, Your Media Edge Pty Ltd.
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