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You can see anytime the XAO or Dow Jones has seperated in the past month it's gotten back together within a few days. Might be just the half day delay effect, but either way the correlation is very strong.
View attachment 64562
Mmmm wonder how that happened? Hasn't always been the case.Guys, remember craft is worth mega-$$$$$$. This will remove certain stresses and pressures for performance and regularity of profits.
Not that it matters to me, since I don't understand any of his posts ayway.
Perhaps some of the guys here that do a fair bit of fundamental research, i mean real solid research, can handle more of a draw down because they know companies they hold so well it gives them extra confidence. Also there is the dividend stream, nice.
Light Green = In Drawdown
Blue = Gains
I'd say it's probably 70/30 and that's just on a monthly basis.
I might do a clearer one if it's a quiet day.
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Mmmm wonder how that happened? Hasn't always been the case.
I was just answering a question about my threshold for draw down – I wasn’t implying the same should go for anybody else. I have no bones if for financial or psychological reasons you want a smoother equity curve – if you do the shorter the time frame the better, all that matters on short time frame is price ... and of course like any time frame, being good at what you do.
So buying shares for the cash flow they will generate is beyond your comprehension?
Always astounds me how some can’t comprehend an alternative to what the do whilst others
Seem to comprehend it perfectly.
The whole scene has relaxed considerably as if the low is in.The nerve of the shorts will be tested today. A squeeze will be on.
Talk about a well bid market....the SPI
If the SPI can get through this resistance here between 5080 and 5100, we might see 5225 tested.
Looking at 2017 futures, it's about 200 points less than current XAO.
I'm not sure, but would think that is unusual.
Yes I am nearing surface after the recent market enema with my longer term holds. I suppose you will be too. Not looking at them helped but I gotta get some balance between long holds and trading the Index moves considering cumulatively at various stages I held over 100 $1 long contracts below 5000 points and ended up with a smaller stack.If its drawdown’s you want to see then no need to go further than a long term stock picker – I specialise in drawdown – spend ~90% of my life in drawdown.
In draw down since 1st June, Max to date in this drawdown has been 13.4% currently down 8.3%
Business as usual as far as I’m concerned.
It would make more sense to me anyway to get out of the market while it is going down and preserve your capital and then get back in when the uptrend starts again.
Like yesterday?
Not yet....probably just a bounce still in a downtrend to me...weekly and monthly swing are still down!!
XAO closed at 5201 on that day 17 Sept 2015
You wrote both those comments on the 17th. of September. Since then we saw the XAO close at 4958 which was the lowest point. Then it crept up to 5000, 5100, 5200, 5300 and now 5388.
Seeing that the XJO has busted through the 5300 resistance line, have you bought yet? If not, then at what point would you be buying?
Yes I am nearing surface after the recent market enema with my longer term holds. I suppose you will be too. Not looking at them helped but I gotta get some balance between long holds and trading the Index moves considering cumulatively at various stages I held over 100 $1 long contracts below 5000 points and ended up with a smaller stack.
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