Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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When gold breaks 2K and silver is over $50 that's when I reckon the xao has bottomed.

I haven't got any graphs, fancy arsed triangles or anything else to back this up. I sniff glue, and my wild hallucinations are telling me that I need to buy rural land at that point

I'm looking for land near the beach, 40 - 60km out of Melbourne, hopefully with some sweeping views. Then in 4 or so years when the kids have nicked off, I'll sell the family home in this drab suburb and build one of those architect designed homes on this beautiful land by the beach.

I'd like to start one of those cottage industries - anyone ever had those dried oranges dipped in dark chocolate?
 
Dougs Antiques said:
This may be a good buy signal at close :)
Im holding very little infact im at 95% cash
Just see what tomorrow holds (im saying not so good for holders)
My :2twocents
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Unfortunately I think you're right... I hope the fact that the Hang Seng closed up will influence our market positively...
 
NewTrade said:
Unfortunately I think you're right... I hope the fact that the Hang Seng closed up will influence our market positively...
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How does that help? The US closed down after being up for a while. imo hang seng only influences AU from its open (1130am aus)
 
Sometimes the monthly chart looks different to the weekly and daily charts as it eliminates a lot of the noise. Shows the general trend quite well IMO...

Price spreads are supposed to reduce around the rebound area as selling panic reduces - at the moment not looking that way. To me looks like the trend is likely to continue at least for a while longer.
 

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New talk of euro bond is most encouraging.
They should fund the interest on it with a tax on international speculation - trading.
International traders won't like it but trading does little to contribute to society and making it a little more expensive will generate more calm, consideration and stability, especially with the issue of preditory shorting that Euroland seems to have identified as a relevant internatioal security issue.
 
I hope this week is a profitable one for all :) Anyone get hit with that NAB/WPac glitch? My cash transfers to my broker have not hit yet :/
 
Very very weak finish.
80 tick turn around.
The complete opposite to that
seen last weak where support just powered the XJO back
from heavy selling.

Doesnt bode well for those long!
Still a way to go to test support.
 
I'm just happy that my stock was hit with pebbles instead of bricks. Was actually happy to see the 50 point gain earlier today - my doom and gloom face changed to one of optimistic excitment.
 
NewTrade said:
I'm just happy that my stock was hit with pebbles instead of bricks. Was actually happy to see the 50 point gain earlier today - my doom and gloom face changed to one of optimistic excitment.
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And back again
 
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