XAO Analysis Prediction

[nulla nulla]

The xao will be disproportionately over sold today as foreign investment in our market sells out, taking advantage of the high Aud$ to minimise their losses and flee to the safety of...wait for it...the US$. lol.

Given the fact our market did not overinflate on the rebound from the gfc to the extent the djia did, we should only have a minor correction. Our economy and market is still strong and our exposure to overseas foreign debt has already been factored into our market.

However, rationale and logic will have no place in the panic that will unfold today. Our thoughts and prayers are with you, goodluck.

 

[tech/a]

Some levels going forward for the XJO
WEEKLY CHART

click to expand

 

[Ves]

Some levels going forward for the XJO
WEEKLY CHART

click to expand

I only know the very basics of Elliot Wave (5 wave impulse, 3 wave ABC etc), but do you / can you associate any sort of rough probability with this sort of (long term) analysis?

I am actually very curious (rather than contrarian like most).

 

[Garpal Gumnut]

Some levels going forward for the XJO
WEEKLY CHART

click to expand

View attachment 43861

Not the best for me, I go long or sell to cash.

The analysis is spot on though, from an EW perspective.

gg

 

[skc]

Some levels going forward for the XJO
WEEKLY CHART

click to expand

View attachment 43861

Personally I don't think we will crash there... we will however probably bleed there over the next 2 years.

 

[tech/a]

I only know the very basics of Elliot Wave (5 wave impulse, 3 wave ABC etc), but do you / can you associate any sort of rough probability with this sort of (long term) analysis?

I am actually very curious (rather than contrarian like most).

I find shorter timeframes months rather than years more accurate
As the market is dynamic and ever changing so to are he wave counts.

Impulse waves and corrective waves occur with regularity.
Well that's my findings.

 

[Ves]

I find shorter timeframes months rather than years more accurate
As the market is dynamic and ever changing so to are he wave counts.

Impulse waves and corrective waves occur with regularity.
Well that's my findings.

Yup, sure. I have found with my very short readings of Elliott Wave that to be successful you have to be adaptive and willing to change your analysis. It is not an exact science or palm-reading device like most people expect.

I am not a big time trader or long termer for that matter, but I am trying to make the most of the little I have and anything I can garner from experienced investors / traders like yourself is gold.

Cheers.

 

[joea]

XJO data to 5/08/2011