Predictions for ASX Opening Tomorrow

[Nyden]

Sigh. Why even label it as a prediction :
Let's just call it a fact! It'll be slaughtered today, slaughtered on Monday, slaughtered every day until the US get their nerve back adequately enough to set a couple of good examples. The ASX apparently needs a few solid gains from the US before we start buying.

I really don't blame people for our lack of rally, who would be buying? Why buy on a rally when it's almost assured the US will take a dive tomorrow, or the next day, and we'll most likely follow.

Quit waiting for a bottom, greedy traders :

 

[wayneL]

Holy Dooley!

SYCOM is trading at 5630 just before US close.

Fugly open in store.

 

[Aussiejeff]

You would hope that the asx will go up tomorrow.

I see a pattern forming:

Monday: opened down stayed down
Tuesday: opened up went down
Wednesday: opens up stays up :

Dont take up crystal ball gazing for a living, shares! The reality -

Wednesday: opened down, stayed down.
Thursday: opened way down, stayed way down.
Friday:? (my tip - opens waaaay down, stays waaay down).
Monday:? (my tip - openes waaaaaaay doooown, stays waaaaay doooown).

I reckon the turn might only come when the long term trend lines for the ASX (and DOW) are significantly breached lower- ASX to go below 5000.

But that's mere conjecture on my behalf, of course!


Hang tough, people....


AJ

 

[Nyden]

Dont take up crystal ball gazing for a living, shares! The reality -

Wednesday: opened down, stayed down.
Thursday: opened way down, stayed way down.
Friday:? (my tip - opens waaaay down, stays waaay down).
Monday:? (my tip - openes waaaaaaay doooown, stays waaaaay doooown).

I reckon the turn might only come when the long term trend lines for the ASX (and DOW) are significantly breached lower- ASX to go below 5000.

But that's mere conjecture on my behalf, of course!


Hang tough, people....


AJ

Hang tough, eh? : If things don't pick up next week I'm joining the other lemmings!

A lemming with money is better than a hero with nothing

 

[Aussiejeff]

Sigh. Why even label it as a prediction :
Let's just call it a fact! It'll be slaughtered today, slaughtered on Monday, slaughtered every day until the US get their nerve back adequately enough to set a couple of good examples. The ASX apparently needs a few solid gains from the US before we start buying.

I really don't blame people for our lack of rally, who would be buying? Why buy on a rally when it's almost assured the US will take a dive tomorrow, or the next day, and we'll most likely follow.

Quit waiting for a bottom, greedy traders :

No worries, Nyden! SuperBernankeMan says that the US "probably won't go into a recession this year". Gee, and here I was thinking "they are already IN a bleeding recession!" LOL.

We obviously worry too much. Good to see that he is in total charge of the situation, eh? We should be buying up stocks big time on his super-optimistic forecast...

Well, sorry SBM, not THIS little black duck....


Chiz?

AJ

 

[wildmanchris]

Prediction I can imagine is quite an easy one today - it will tank. But not just any tank, this tank.......

 

[korrupt_1]

LOL.. nice tank... in times of doom and gloom, it's always good to have a bit of humour... else one could go insane thinking about the losses!!!

Last price on SYCOM was around 5630's (thats about 160 odd points down). My prediction is that it will open at around 5600 and fall roughly 80 points in the first 20 minutes of trading, then it will quickly punch back up to maybe high 5500's for the remainder of the day.

Massive sell offs are key to bottoming signals right?

Has the XJO/XAO ever closed less than 200 points down on a single trading day?

 

[mfp]

LOL.. nice tank... in times of doom and gloom, it's always good to have a bit of humour... else one could go insane thinking about the losses!!!

Last price on SYCOM was around 5630's (thats about 160 odd points down). My prediction is that it will open at around 5600 and fall roughly 80 points in the first 20 minutes of trading, then it will quickly punch back up to maybe high 5500's for the remainder of the day.

Massive sell offs are key to bottoming signals right?

Has the XJO/XAO ever closed less than 200 points down on a single trading day?

I think you mean MORE than 200 points...and yes it has during the August rout, today might be another one. I'm completely out of the market as of Monday and loving this. By the way, we should almost definitely close below the Mar and Aug closing lows so any hope of a meaningful bounce should be quickly sold into. 5000 not far away now.

 

[wildmanchris]

Massive sell offs are key to bottoming signals right?
QUOTE]

We must be getting close to a bottom now - key is just picking it. What were we before yesterday, 15% down from the highs late last year?

 

[mfp]

Massive sell offs are key to bottoming signals right?
QUOTE]

We must be getting close to a bottom now - key is just picking it. What were we before yesterday, 15% down from the highs late last year?

We may not even be half way to the bottom. XAO, DOW, Nikkei, Hang Seng, FTSE, etc etc all breaking key support levels. Average bear market decline apparently is about 30%, and that's the average. This decline could go 40% or more. Yes , we are probably getting very close to a short term bottom, but any rally will be short lived and we will head lower. Lower highs, lower lows, look at your charts... the bull market is over...the bear market has begun.

 

[wayneL]

SPI is 5619 five minutes before open

 

[korrupt_1]

Last price on SYCOM was around 5630's (thats about 160 odd points down). My prediction is that it will open at around 5600 and fall roughly 80 points in the first 20 minutes of trading, then it will quickly punch back up to maybe high 5500's for the remainder of the day.

I'm going to eat my shorts... this is just crazyness... where was the panic selling? 170 pt smashing on the open and it's been an orderly fade up day??!!!

Are the fund managers finally seeing value and starting to buy??? could this be true?? Could this be the recovery we need?

 

[M34N]

My prediction for those that bought into the banks on Friday... :

 

[Bill M]

My prediction for those that bought into the banks on Friday... :

Maybe temporarily and maybe not. The key question is how much will they be worth in 5 years time?

 

[LRG]

All ords will go to 5150 on my prediction within the next 2 weeks; then climb in a saw tooth ending at 6050 at end of 2008.

 

[Nyden]

All ords will go to 5150 on my prediction within the next 2 weeks; then climb in a saw tooth ending at 6050 at end of 2008.

LRG, if you're going to be posting specific targets, you need to have some sort of reasoning / explanation for it. From this post it looks as if you are just spurting out random numbers, & random dates; which isn't really valuable contribution. :


(Then again, many indicators aren't too accurate these days; a lack of explanation is probably just as good as one! Obviously being sarcastic here, though )

 

[lioness]

All ords will go to 5150 on my prediction within the next 2 weeks; then climb in a saw tooth ending at 6050 at end of 2008.

How do the moderators on here allow such a poor post to exist, with no explanation or detail to back up a stupid statement like this.

This forum has gone downhill

 

[surfingman]

How do the moderators on here allow such a poor post to exist, with no explanation or detail to back up a stupid statement like this.

This forum has gone downhill

I think your being a little harsh on the mod's it's the weekend after all. Got any reasons why XAO won't hit 5150? Your post is just as good as the one your are criticizing (sarcastic).

 

[ithatheekret]

I entered ANZ and NAB on the 11th sold on the 18th , although they were'nt anything big in the way of buys they still made a profit . I've actually been entering and exiting a few stocks at predetermined levels . IPL being one of them although there is a holding of IPL and a few others that are ancient portfolio blocks .

I have three stocks this market can't even get close to losing money for me , but I've been patient with these for years and they have grown .

Malcolm Broomhead ....... anyone remember him ?

He's made my family a nice chunk of cash and a bloomin' good holding too , I followed the man into ORI as well , that too was a winner . It doesn't stop me from selling and buying portions of the holdings though . I don't love the stocks , I love the earnings they have given me though , the makeup is in the management though , it's what makes the stock comfortable enough to hold in the first place .

FFT is what it takes , something Allco had best take note of after today , I can read all the stocks book I hold , if I can't , I don't go near it , let someone else play optimist . If a share is moving and it's unexplainable , I tend to err on the side of caution .

 

[wideboythin]

Another bump in the states on Friday. Whats the prediction for tomorrow? Its all been good last week but are we gonna see another turn down tomorrow? Whats the feeling out there?