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XAO Technical Analysis

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Re: XAO Analysis

has entered last parcel of BHP short at 35.5 .......... the bishop reckons im off my nut for fighting a trend but he aint got god on his side :D
 
Re: XAO Analysis

nunthewiser said:
has entered last parcel of BHP short at 35.5 .......... the bishop reckons im off my nut for fighting a trend but he aint got god on his side :D
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Cripes nunthe! :eek: Not concerned it might have broken that $34 long term resistance line finally?
 
Re: XAO Analysis

kennas said:
Cripes nunthe! :eek: Not concerned it might have broken that $34 long term resistance line finally?
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i personally got around 36 being the line to break on this expanding channel but i am dicing on the dodgy side on this trade . do have a stoploss plan intact and will use it , larger overall entry than normal so prepared to take a hit also

on hindsight i would not have entered my first parcel :) currently sitting on 3460 average. may the force be with me :)
 
Re: XAO Analysis

kennas said:
This is just unrelenting. Amazing run. I at least thought a drop back to 3750 to test the support, but it's just broken away. For now. Not long before a 1000 point gain. In 2 months! :eek: This aint healthy imo.
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I'm not too sure about that I was having a close look at the XAO chart and it's had some consolidation phases on the way up, imo it is actually stepping its way up nicely - will try to post a chart up tonight if I get time.

Trembling Hand said:
take that bears. Jobs jobs Jobs
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lol, I was thinking the same thing when I heard the jobs figures on the radio. First thought was the bears won't like that.
 
Re: XAO Analysis

Longs rejecting 3950 on SP200 - You can add a little double top to my XJO 30 min chart below if it continues to fade out this arvo...perhaps some weight for tighter stops.
Bulls have the weekly though..does look good there.
 
Re: XAO Analysis

Anyone know a good place to get XAO vs DJIA basic chart (10yr - up to date)? I've been looking for one but struggling to find one.

Also looking for good charts with 3-5 yr unemployment, money supply, interest rates and real GDP comparing AUS and US. If anyone can supply these, I would be incredibly grateful. I'm trying to do a comparison between the AUS and US economies during the build up to and during the current economic crisis to see how it has effected them and see what the different reactions have been but it is harder than it sounds to find comparison data because every website has either one or the other and often the charts will on different sites are very different, almost incomparable and hence useless for what I want.

Thanks in advance, Nathan
 
Re: XAO Analysis

Gladman said:
Anyone know a good place to get XAO vs DJIA basic chart (10yr - up to date)? I've been looking for one but struggling to find one.

Also looking for good charts with 3-5 yr unemployment, money supply, interest rates and real GDP comparing AUS and US. If anyone can supply these, I would be incredibly grateful. I'm trying to do a comparison between the AUS and US economies during the build up to and during the current economic crisis to see how it has effected them and see what the different reactions have been but it is harder than it sounds to find comparison data because every website has either one or the other and often the charts will on different sites are very different, almost incomparable and hence useless for what I want.

Thanks in advance, Nathan
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Try Incredible Charts http://www.incrediblecharts.com/
 
Re: XAO Analysis

Personally I'm not one for over-analysing charts but just for the fun of it....

Weekly chart is self explanatory. We've had 5 weeks of consolidation with higher lows now broken upwards.

On the daily we are currently at a S/R level. If upward momentum continues 4000 is an obvious psychological level. 4300-ish is October's resistance. 4400-ish is possible target projection based on March closing lows to broken S/R at 3750-ish.

If we reverse, possibly 3500-ish.

Given the ridiculous rally we've had despite impossibly bad fundamentals, I'm slowly, slowly, starting to think that maybe March was the bottom.... for now. (Possibly undergo a large rally/rollover similar to Sep.01-Mar.03..?)
 

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Re: XAO Analysis

Didn't the market rally a few times like this before reaching the bottom in the depression ?
 
Re: XAO Analysis

MrBurns said:
Didn't the market rally a few times like this before reaching the bottom in the depression ?
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But they didn't have the co-ordinated money injections now occurring via govts. and central banks. (I don't think?) I suspect the plan is to simply inflate the problem away and let future generations unwind it. Or as is just as likely, USA will become the new 'cheap' labour market, burdened by indefeasible debt while China booms onto the stage as next financial superpower through unwinding their dependence on US dollars and indulging their own new middle-class consumer driven society.

:2twocents I'm not economically literate.

Ps. Not to say we won't have more downs and rallies, but....anything can happen. I'm still expecting at least one more leg down but this rally has taught me not to pre-empt it.
 
Re: XAO Analysis

Gladman said:
Anyone know a good place to get XAO vs DJIA basic chart (10yr - up to date)? I've been looking for one but struggling to find one.

Also looking for good charts with 3-5 yr unemployment, money supply, interest rates and real GDP comparing AUS and US. If anyone can supply these, I would be incredibly grateful. I'm trying to do a comparison between the AUS and US economies during the build up to and during the current economic crisis to see how it has effected them and see what the different reactions have been but it is harder than it sounds to find comparison data because every website has either one or the other and often the charts will on different sites are very different, almost incomparable and hence useless for what I want.
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Out of interest, are you doing a Uni assignment?
 
Re: XAO Analysis

looking at the xao tomorrow a possible up day..looking at the current dow futures..altho with the stress test and gm anouncing they burnt 10billion in last quarter could test the dow today..and if the dow is up in end of trade tonight im jumping on the bull train..lmao..:p:
 
Re: XAO Analysis

Here is something I posted on my blog a while ago. It is an outlook I still feel has merit.
Whether we have made the ultimate low or not I don't know. But I think we will see an extended period of sideways trading after the ultimate low along the lines of the attached chart. Please note I'm not comparing the 87 crash or economy to now just using the chart pattern as this is what I think the recovery will look like.

These are just possiblities to be proven or disproven by the markets and my outlook will no doubt change as the different possiblities play out
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Re: XAO Analysis

nunthewiser said:
has entered last parcel of BHP short at 35.5 .......... the bishop reckons im off my nut for fighting a trend but he aint got god on his side :D
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How can BHP now go up 5.3%? Extended your stop didn’t you? Hell nun, seems almost like you’ve been set up. ****, you should’ve known better than to put your faith in god!
The man deserves a badge!

It appears to me all the arm chair punters have come out in force with vivid memories of continued gains and they’re not going to be left behind.
Are we surprised?

Will BHP shares fall? Yes, along with greater falls from all other commodity suppliers. It’s not if.....
 
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