Australian (ASX) Stock Market Forum

Will the XAO decline for 13 consecutive sessions?

Will the XAO make it 13 consecutive declines?

  • Yes

    Votes: 93 75.0%

  • No

    Votes: 31 25.0%
  • Total voters
    124
  • Poll closed .
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The market is not determined by the day traders I wouldnt have thought.

Its the majors that determine which way it go.

You, me, and the rest of here are just along for the ride they take us on.

The market is determined by the billionaire companies.


If I was a betting man, I would say the number of people jumping off the westgates is at an all time high since essendon lost carlton in the pre lim.
 
Ken said:
If I was a betting man, I would say the number of people jumping off the westgates is at an all time high since essendon lost carlton in the pre lim.
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Now the pre lim final loss to Carlton was a REAL tragedy!!! Not like this little blimp on the screen.

Why did Wallis try to take on the man??!!! One hand pass to Fletcher and the ball was heading goalwards. Oh the injustice of it all!!!

Duckman
 
Latest news:-

Bank of America Q4 profit falls. $US5.28 billion write-down

Johnson and Johnson report higher earnings.
 
I voted yes , but I don't know , we've surpassed 5400 , I do have 5100-4800 in a tranch of data , but , never in my wildest thoughts did I think it would go that far , it would mean a total recoup of all gains made by the indexes .

The hard part to grasp is the history made today , but then the markets have never seen leverage at levels that were placed on it . That leverage would have surely added to the downside today as the margin beepers went off and phones rang with courtesy calls .

On thing we can be sure of though is that there's a pile of money sitting on the fence now , not a big a pile as some would like , but at least they have a pile left .

Right now though , I'm waiting for Hanks fireside chat . Then the market open which I'll wince at , then wait for the USD reactions , Skippy has made up a bit of lost ground today , oh oh oh heeeeerrrreeee's Hank . If he says strong dollar ..............
 
The US may open badly, which will set the scene for Bernakie to step in with an interest rate cut to start the rally. Will this happen Tuesday or Wendesday, or will he wait till the end of the month?

If we have an early cut followed by good earnings report lets hope we see a strong rally in the near future. We need to factor in that the current market may ignore good news and only act on the bad.

... I think tomorow will be green for us.
 
I think the bottom of this correction will be about 4500, this would be the trendline since 1987 uptrend.

As for the time, i don't know, possible a couple of months.

And when was the last time the XAO RSI was sitting on about 10? :eek: :banghead:

Where are all of those permabull bargain hunters??
 
chewy said:
I was saying on another thread i think there is a possibility that we will be up tomorrow even off a bad DOW night. We have to assume the US is going to be very bad night - they have to after missing the holiday and the world dumping. So the logical follow-on from that is that we will have to have a bad day tomorrow after a very bad US night. So therefore we all believed that even though today's prices were very bad they were going to be even worse tomorrow, so it seems crazy to hold and everyone dumped. But perhaps they overdid it and tomorrow will be up. maybe...:eek:
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ha ha, I think I followed your post, and if I did, I actually thought the same!
 
Ken said:
The market is not determined by the day traders I wouldnt have thought.

Its the majors that determine which way it go.

You, me, and the rest of here are just along for the ride they take us on.

The market is determined by the billionaire companies.
Click to expand...

Yeh, I beleive its in the range of 90%. Though, with all these SMSFs, who knows, it could be somewhat less these days.

But who thought last correction that our market would fall 300 points and recover the entire lot in a day? I surely had NO idea and didnt see that coming! When the big guns decide to buy, everyone else jumps on board and sentiment can suddenly swing! Its a funny old market, no logic, no common sense, this is why I agree when some say trading is gambling. Only long-run fundamentals (long-run can equal vast different time ranges for different stocks) can determine to some degree the price of a stock.

Good luck to all you fellas! We all sure do need it, whether we are value investors or traders! I have never seen a situation like this in my stockmarket span of about 13 years, or studied an economic situation like this in the history of our global economy. We are in for an unpredictable, turbulent time! Just glad I dont own property, hope its not like the tulip bubble back in the 1400s or whenever it was! ;)
 
EMERGENCY RATE CUT

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Jan. 22 (Bloomberg) -- The Federal Reserve lowered interest rates in an emergency move for the first time since 2001 after tumbling global stock markets and a jump in the U.S. unemployment threatened to push the economy into recession.

The central bank lowered the benchmark overnight lending rate to 3.5 percent from 4.25 percent, the Federal Open Market Committee said in a statement in Washington. Policy makers weren't scheduled to gather on rates until Jan. 29-30.

Dow futures paring loss, SPI200 pointing up 3%.
 
Miner said:
EMERGENCY RATE CUT

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Jan. 22 (Bloomberg) -- The Federal Reserve lowered interest rates in an emergency move for the first time since 2001 after tumbling global stock markets and a jump in the U.S. unemployment threatened to push the economy into recession.

The central bank lowered the benchmark overnight lending rate to 3.5 percent from 4.25 percent, the Federal Open Market Committee said in a statement in Washington. Policy makers weren't scheduled to gather on rates until Jan. 29-30.

Dow futures paring loss, SPI200 pointing up 3%.
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FTSE up 3% on half an hour ago. All saved by Big Ben, can hear de toll from here.
 
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