How low can the All Ords go?

[Real1ty]

Rumour has it a new, deadly E-Bowler virus may wipe out the last remaining elephant herds...

:horse:

Sounds like a new Bangladeshi fast bowler

 

[nunthewiser]

i hope this attaches

woo hoo it worked ...... thats the longesrt i can find , was known as something different previously , sorry not in pc but couldnt attach it

 

[OzWaveGuy]

i hope this attaches

woo hoo it worked ...... thats the longesrt i can find , was known as something different previously , sorry not in pc but couldnt attach it

ah, a bit better - but the last 12 months is chopped off...

 

[nunthewiser]

lol this is unreal , can find charts of the nikkei which are up to date but only go back as far as 86 OR i can find longer than that with none of the last years data on them .


anyone out there find a chart with the longest timeframe including this year on it please help

thanks in advance

 

[nunthewiser]

best i can find and this is fairly basic

 

[CanOz]

Heres one from Premium data.

Cheers,


CanOz

 

[nunthewiser]

Heres one from Premium data.

Cheers,


CanOz

Thankyou kindly for your time but actually need one from at least 1970 to present day if not longer

cheers anyways

 

[dhukka]

lol this is unreal , can find charts of the nikkei which are up to date but only go back as far as 86 OR i can find longer than that with none of the last years data on them .


anyone out there find a chart with the longest timeframe including this year on it please help

thanks in advance

This one only goes back to 1984 but it is up to date.

 

[nunthewiser]

This one only goes back to 1984 but it is up to date.

thanks and apologies to all for cloggin up this thread with nikkei stuff

 

[sinner]

Ask and ye shall receive

 

[OzWaveGuy]

And for those who are interested - Looking at this specific thread over the last few months - it generally gets active just before a bounce is about to take place or just after it starts - so perhaps a contrarian forecaster of market action?

Note: Now that I've said this, the contrarian logic for this thread will now be broken.

Here's a graphical representation of the thread activity in this discussion compared to the XAO market action.

Very telling on when a bounce will occur......

 

[nunthewiser]

Ask and ye shall receive

thanks sinner man ... remind me to say an extra hail mary this sunday

 

[dhukka]

thanks and apologies to all for cloggin up this thread with nikkei stuff

That's allright, I'm going to clog up this thread a bit more with this lovely chart from Calculated Risk showing comparisons of 4 nasty bear markets.

 

[CanOz]

Facinating chart Oz Wave!

Cheers,


CanOz

 

[OzWaveGuy]

Facinating chart Oz Wave!

Cheers,


CanOz

Thanks CanOz

The reverse is also true - Hence, a thread called "How high will the all ords go" will be another indicator

https://www.aussiestockforums.com/forums/showthread.php?t=13433

 

[sammy84]

Great chart OZ wave guy! Hopefully you can keep posting them in the future? So looking at your chart we should see a bounce either tomorrow or more likely on Monday. I was looking for a Monday bounce previously

 

[OzWaveGuy]

Are we there yet? Soooo close now.

The wave structure on the XAO can be read as bottomed or as one more leg down is required. Assuming the bottom is not quite in place yet, there should be some upwards movement tomorrow (finishing a small wave 4) before heading lower to complete the final wave 5.

Some previous targets were discussed here --> https://www.aussiestockforums.com/forums/showpost.php?p=361654&postcount=5709

The lower range was 3236 on the XAO, which now seemingly ties into a series of wave relationships on this last down leg that started on the 12th Nov.

In short, this would complete the down leg of wave (3) that started on 19th March 2008 that has covered some 2750 points so far, and requires a rather decent bounce into wave (4) up.

The S&P futures looks to be finishing an ending Diagonal (but can also be considered complete too) - so an up session followed by a final down leg (maybe tomorrow or early next week) should do it.

Either way - prepare for a change in trend very soon - which should at least take us into Christmas and beyond.

So much for the small upwards movement today - wave 4 needs to be considered complete as a small triangle.

Adjusting for this, the XAO target bottom should be in the range of 3116 - 3214.

However breaking below 3205, will invalidate the preferred count (the larger degree wave 3 will be the shortest) and introduce the possibility of a deeper downside target of 3000 or less under the alternate count scenario.

 

[CoolChanges]

So much for the small upwards movement today - wave 4 needs to be considered complete as a small triangle.

Adjusting for this, the XAO target bottom should be in the range of 3116 - 3214.

However breaking below 3205, will invalidate the preferred count (the larger degree wave 3 will be the shortest) and introduce the possibility of a deeper downside target of 3000 or less under the alternate count scenario.

Hi OzWaveGuy,
Thanks for the great posts, I am not really sure where the 'small triangle' is an was hoping you could graph it for the neophyte if you have time
Cheers

 

[OzWaveGuy]

Hi OzWaveGuy,
Thanks for the great posts, I am not really sure where the 'small triangle' is an was hoping you could graph it for the neophyte if you have time
Cheers

tiny wave 4 triangle from 1035 to 3:35pm on a 5min chart yesterday. Let's see if we can hold a bottom after today.....

 

[IFocus]

That's allright, I'm going to clog up this thread a bit more with this lovely chart from Calculated Risk showing comparisons of 4 nasty bear markets.

Thanks for the chart Dhukka