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How low can the All Ords go?

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nunthewiser said:
on that note has bought BHP and MQG today for a low %loss on stopout point trades ........ happy to take a small loss if wrong , personally expecting a bounce from here :) no waves about it :)
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Have done so myself at times.
However best results and by far the most consistent and less frustrating have been those with the trend which I have waited to unfold.
IE saw the future opportunity and waited for it to get to my analysis.
So now if I could Id be shorting up moves!!!
 
tech/a said:
Have done so myself at times.
However best results and by far the most consistent and less frustrating have been those with the trend which I have waited to unfold.
IE saw the future opportunity and waited for it to get to my analysis.
So now if I could Id be shorting up moves!!!
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yep ....... fair call
 
Boggo said:
If only tech, there have been some great shorting setups gone :flush: in the last few weeks
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the thing is the anti shorters aint realising is that since the short ban came in ,perhaps a quick squiz at the LACK of bounces should be observed , shame but hey funny how time points the way
 
Well a bounce seems likely tommorow at this early stage hence the rally into the close.
 

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That'd be nice. Can watch the European markets opening stats after dinner and see whether they take the rally baton from the Asian markets which seem to have driven our afternoon rally. (or turn around and beat them with it)
 
tech/a said:
Well a bounce seems likely tommorow at this early stage hence the rally into the close.
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Let's see if the North American markets can hold it together overnight :eek: However, I suspect there needs to be one more leg down of around 60-100+ points on the XAO before a temporary bottom is in place.
 
OzWaveGuy said:
Let's see if the North American markets can hold it together overnight :eek: However, I suspect there needs to be one more leg down of around 60-100+ points on the XAO before a temporary bottom is in place.
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this duck dont care about tempory bottoms on trades entered today .bounce only ........ not entering as an actual buyer of substance at anytime in the nr future BUT a mans gotta eat when the probabilitys point the way in the immediate trading timeframe
 
Well looks a cert.
 

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Book mark Patrick.Net and read it each working day it gives you an update on what is going on around the World and why we are in this mess and the only Bottom will be a false one in Elton John's Suit case
 
OzWaveGuy said:
Let's see if the North American markets can hold it together overnight :eek: However, I suspect there needs to be one more leg down of around 60-100+ points on the XAO before a temporary bottom is in place.
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Lookin pretty good for a bounce so far OzWaveGuy.

I'll bring a question for yer over here, since the other thread has lost the plot a bit... degenerated into 'about me' tonight... OzWaveGuy, what do you think of the current relationship of the XAO to the standard deviation channel (posted on the XAO thread) ?

Im thinking if the XAO goes to 2000 or 1000 even in a year or two, that's going to look way outa whack on the SD channel.
 
tech/a said:
Tree
Confluence of Fib levels is not uncommon with many forms of charting.
Not the least Elliott Exponents.Anyone who trades off a count without confirmation is really taking risk.
Mind you some do as there is often the possibility of a low risk trade if some supporting (Not necessarily confirming) analysis is seen.
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sorry, got the impression you were asking for info on what it was; and you knew all along; my mistake.
 
Whiskers said:
Lookin pretty good for a bounce so far OzWaveGuy.

I'll bring a question for yer over here, since the other thread has lost the plot a bit... degenerated into 'about me' tonight... OzWaveGuy, what do you think of the current relationship of the XAO to the standard deviation channel (posted on the XAO thread) ?

Im thinking if the XAO goes to 2000 or 1000 even in a year or two, that's going to look way outa whack on the SD channel.
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All is good, the wave iv triangle on the S&P500 looks like it's still in the running as the top count https://www.aussiestockforums.com/forums/showpost.php?p=354062&postcount=5307 Picking the final wave b bottom was a bit of a struggle, but the S&P500 seems to be moving up in impluse waves now. However, it'll be choppy over the coming week(s), option traders beware :eek:

Haven't taken a look at the SD channel, however, looking at the very long term charts, a massive drop on the XAO would look quite 'normal' when compared with previous market actions over the last 100yrs.

Re other thread - I usually don't bother when it's obvious it'll turn into a slinging match - whatever works for you is what counts. If you can pick up useful info along the way (and there's plenty in this forum), even better. :)
 
Dead cat bounce imo, but im def not 100% sure.

Will it rally for a couple days or is 10% in one day enough for profit takers to move back in?

Also will our market fade from open or keep its strength? So many questions....:confused:
 
prawn_86 said:
Dead cat bounce imo, but im def not 100% sure.

Will it rally for a couple days or is 10% in one day enough for profit takers to move back in?

Also will our market fade from open or keep its strength? So many questions....:confused:
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personally will more than likely be out today , trades only ..........a nuns gotta eat
 
sign of the times when even graffiti vandals can predict where the DOW is heading.
fail-owned-washington-mutual-graffiti-fail.png
 

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