How high can the All Ords go?

[Geoff]

It is just a well thought out exercise designed by OzWaveguy to study the statistical correlation between the post count and trend reversal patterns observed in the "How low can the All Ords go?" thread.

The key challenge is to keep these two thread active so that the data remains useful.

Yes but by deliberately posting in a thread for the sake of keeping it active you're invalidating the results, unless the relationship between post count and market activity is deterministic.

And if it is deterministic, everbody post in this thread until 31st Dec, buy lots of stocks and then only post in the "how low can the XAO go" thread (and don't tell anyone else about our little secret!)

 

[Garpal Gumnut]

Anyone?

ha ha.

what a great idea for a thread.

well I must admit I haven't thought along these lines for a while.

the trend is yer friend,though, they say.

gg

 

[Sean K]

That V bottom potential is there, but the right side of the V will be much lower, maybe.

Been an amazing week since the 3200 recovery.

Dow has had it's best week since 1974.

Good work if you picked an opportunity to pick up a few things for a short to mid term trade.

Seems still potential for further downside, and yes, the trend is your friend. Short term momentum seems to be up. For now.

Wall Street climbs as S&P 500 has best week since 1974
Rob Curran | November 29, 2008
Article from: Dow Jones Newswires

MOST US stocks rose and almost all participated in the best week for the S&P 500 since 1974, as Citigroup and General Motors rose on prospects of government intervention and traders bet on retailers like Macy's despite a tough shopping environment.

 

[enigmatic]

Dont really want to take any guess as i have no charting experience so i can obviously put a line on a chart and get any target i would like but i was wondering if anyone else had seen a movement in the northly direction or is it still all doom and Gloom.

I personally think the doom and gloom part has already been facted in and now everyone is sitting on the fence to see if it is going to happen or not.
With the US stimilus package on its way and our small semi stimilus package on its way we may see some movement.

Note i have made a few long term positions as of late so i am some what biased.

cheers for anyones less biased opinion

 

[Junior]

Hmmm...like most people I think we will go lower. Maybe to mid 2000s this year or next before a long battle until we finally hit new highs, maybe in 3-5 years.