Unique visitors: Crossing the 40,000 mark.

It might be a cliche but time really flies.  It has been slightly more than three months since I started this blog last Christmas Eve. Has it been so long? It feels like I just started blogging last week.  I guess we don't feel the passage of time when we are doing something we enjoy.

Blogging has introduced new groups of people in my life.  I used to simply share ideas with friends and family but I am now sharing ideas in cyberspace and reaching out to a wider audience.  I have made contact with fellow bloggers and I have many visitors to my blog, some of whom have left comments and exchanged ideas with me. My social life has become a tad fuller.

Today, the number of unique vistors to my blog crossed the 40,000 mark.  This is overwhelming and I am truly humbled by the support my blog has received so far.  I guess I must be doing something right here.  Although this is really a personal blog, your support and encouragement give me that little push to continue blogging and sharing my ideas.  Thank you very much and have a great long weekend. :)


Thank You Images

AusGroup: Update.

AusGroup seems to have some trouble breaking resistance at 61.5c. If we draw a trendline support from 9 Feb, we see the support at 59.5c today, it is quite clear that the uptrend is broken.

However, I would like to point out that volume was rather low and, in fact, it is true for other down days in the past few weeks. Volume has been generally lower on down days and higher on up days for AusGroup recently. This suggests that a longer term accumulation is underway and this is confirmed by the rising OBV in recent weeks. However, with the MFI turning down, I expect some weakness in the near term but I do not expect a crash in price.

If 58.5c gives way, the next supports are at 57.5c (50% Fibo) and 56.5c (38.2% Fibo).  If the price action moves above the trendline support once more, resistance remains at 61.5c.