XAO Technical Analysis

[nunthewiser]

Re: XAO Analysis

Squishy squeeze today.

Stronger for longer anyone??

has entered numerous short positions in the last hour

but hey with my track record of last week i wouldnt be listening to me

 

[skyQuake]

Re: XAO Analysis

Gonna short some NAB, BSL, and a few others at close today

Glutton for punishment

 

[nunthewiser]

Re: XAO Analysis

cba , bhp , xjo here.... already entered .... got a lil excited on the spike ..

probably close will provide nicer entrys all round

who knows ......not i

 

[MRC & Co]

Re: XAO Analysis

has entered numerous short positions in the last hour

but hey with my track record of last week i wouldnt be listening to me

Yeh, I've been flipping all over the shop lately. Was bearish at 950, bullish again when we came back up through 900, bearish back at 935, bullish again at 945 and just now I have become bearish again.

Home sales last night saw the usual round of buying (on better than expected news), but once it settled, it got sold off. Obviously some profit taking in there. Though closed up near the high again which I kind of expected. Though, it was the first sign of weekness I have seen as far as the psychology behind the order flow of late.

Euro + USD (+ meeting with China) + Oil are all at critical junktures. My thoughts are we either see a slight pullback in all, before heading higher (EUR, Oil + Equities) once more, or we see a real sharp sell off (also have positive bond auctions lately, got to see how the rest of this record breaking wk plays out, which don't seem to be bringing down yields, could cause another tipping point: the high yields + positive auctions that is).

 

[makingmoney]

Re: XAO Analysis

with only 2hrs and 30mins to go before the dow opening and the dow futures pointing downward,plus with infomation on Boa closing 10% of it's branches,and then add this week with most of the largest corporate data due for end of year results,im hoping for a downturn in the market.

 

[MR.]

Re: XAO Analysis

View attachment aord 27-7-09 8.bmp

Here's my pretty picture. Drawn with the best of charting tools.
Everyone else is having such great visions?

Don't lose it, keep it close by, refer to it now and then and whatever you do don't show it to anyone. Shhhhh

 

[makingmoney]

Re: XAO Analysis

dow futures pointing downward and expanding in contracts quickly...."excellent smithers"

 

[sammy84]

Re: XAO Analysis

Stronger for longer anyone??

Yes

 

[Trembling Hand]

Re: XAO Analysis

dow futures pointing downward and expanding in contracts quickly

What does "expanding in contracts quickly" mean?

 

[Nyden]

Re: XAO Analysis

dow futures pointing downward and expanding in contracts quickly...."excellent smithers"

Why don't you stop trying to play what you hope will happen, and instead play what actually is. The market's in an uptrend, get over it

 

[Trembling Hand]

Re: XAO Analysis

Why don't you stop trying to play what you hope will happen, and instead play what actually is. The market's in an uptrend, get over it

Ain't nothing wrong with playing what you think will happened rather than expecting recent history to repeat itself.

Confirmation is for trading books and science.

 

[nunthewiser]

Re: XAO Analysis

Ain't nothing wrong with playing what you think will happened rather than expecting recent history to repeat its self.

Confirmation is for trading books and science.

thankyou

i for one am not a subscriber to all these cliche's and text book lectures that get forced upon me here

different ppl , different strategys

each to there own regardless of right or wrong in the outcome of the trade

its how the trade is managed is what counts at the end

 

[Nyden]

Re: XAO Analysis

Ain't nothing wrong with playing what you think will happened rather than expecting recent history to repeat its self.

Confirmation is for trading books and science.

Providing one's thinking is actually based on something credible, as opposed to moneymakers apparent hope based on sour grapes.

He sits there late at night, watching the futures - and getting excited at any sort of weakness. Really, enough said. Different strokes, for different folks - you are right Nun, but I just get frustrated at what I see as blatant gambling. I could be wrong though, and moneymaker could be some kind of genius :

 

[surfziggy]

Re: XAO Analysis

I'm thinking continued uptrend with any pullbacks being bought right up, because people/funds are peed off they already missed the March rally.

I went short for about a day a week or so ago and promptly got my ass handed to me on a plate.

TremblingHand - What do you think is going to happen?

 

[surfziggy]

Re: XAO Analysis

http://www.tickerville.com/index.php/site/comments/charts_continue_to_set_up/

 

[Trembling Hand]

Re: XAO Analysis

I wouldn't totally exclude a straight line up play ....

But if I had to put my money on it as I pointed out last week its been clear that funds throughout the world have been into risk taking mode but getting late in the run. So I would say as long as we stay above the weekly opens we are moving higher.


As for the 'overbought' forget about it. :

 

[Sean K]

Re: XAO Analysis

Hooly dooly!!

Almost 500,000 views.

 

[johnnyg]

Re: XAO Analysis

Some of my own ramblings.

 

[makingmoney]

Re: XAO Analysis

Providing one's thinking is actually based on something credible, as opposed to moneymakers apparent hope based on sour grapes.

He sits there late at night, watching the futures - and getting excited at any sort of weakness. Really, enough said. Different strokes, for different folks - you are right Nun, but I just get frustrated at what I see as blatant gambling. I could be wrong though, and moneymaker could be some kind of genius :

Well it's easy to target a thread,Actually shows me your intelligence quotient is quite low,your very arrogant.Infact instead next time try to read a post respects the person's thoughts,and maybe comment on why you think the post is wrong.Maybe with this type of methodical thinking maybe people will actually learn about the topic of the thread.
Im no genius,but make a healthy income from trading,My past posts have been my personal analysis of the general market.As for your last post on the market is ralling..lol<---blind freddy could tell you that.Actually making money on the dips in the cycle is another thing all together.Actually one question before i go,Do you actually trade?And if so good luck on the market!Cause any trader on the market right now knows the scholastic view is way overbought.Maybe your view is a one way direction up,my view is the dow still has a long way to go with incoming end of year results,And with the information i have at hand there could be a change in sediment.Anyway enough said

 

[prawn_86]

Re: XAO Analysis

Cause any trader on the market right now knows the scholastic view is way overbought .... at hand there could be a change in sediment.

So the academic scholars have been buying a lot of stocks lately?

And the pump filters must be getting changed to remove all that sediment?

Surely you mean stochastic and sentiment??


And in the future please refrain from making personal attacks on members or your posts will be removed. (That goes for all posters)