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XAO Banter Thread

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Re: XAO Analysis

Sudden 30 odd point jump in last 25 or so min corresponded exactly with about 1/2 cent rise in AUDUSD and about 40 cents in BHP

Does anyone have total XAO volume chart?
 
Re: XAO Analysis

Whiskers said:
Sudden 30 odd point jump in last 25 or so min corresponded exactly with about 1/2 cent rise in AUDUSD and about 40 cents in BHP

Does anyone have total XAO volume chart?
Click to expand...

Positive funding news on Dubai.
 
Interesting surge in the XAO during the closing auction yesterday. It appeared to gain a further 7 points, closing on 4668. On Friday it dropped 7 points in the closing Auction.

Also, this morning the DOW has closed above 10,500 and the Nasdaq above 2200. I wonder if the widening gap in the trend on the DOW versus the trend on the XAO is a reflection on any changes to foreign invesment in the XAO?
 
Re: XAO Analysis

ONLY OPINION .........

We got maybe 40 -60- ZERO points left in this current rally. Before a healthy retractment to the 4500-4550 area.......... first stop.

Like i said opinion only and nothing i say should be used for trading strategys by any bright eyed bushy tailed traders.



didnt know whether to post this here or the banter thread ...........move it if not appropriate here
 
FWIW .

I have entered 3 short positions involving a resource market darling, and a financial .

I still hold longs also on numerous other stocks so just a case of hedging my bets .

TIGHT stops and sizing accordingly .

CRASHNBURN ya suckers i say
 
nunthewiser said:
FWIW .

I still hold longs also on numerous other stocks so just a case of hedging my bets .

TIGHT stops and sizing accordingly .

CRASHNBURN ya suckers i say
Click to expand...

I am still riding longs, with tight stops also. No one wants to be left behind in a new rally, but no one wants to be holding longs when the market tanks, either
 
nulla nulla said:
Time to close out all the long positions you reckon Mr Wiser?
Click to expand...


Hell no mr Nulla ......... ride em just dont get too attached when they start tanking around your previously set trailing stop level ..... Gotta keep them profits m8
 
nunthewiser said:
Hell no mr Nulla ......... ride em just dont get too attached when they start tanking around your previously set trailing stop level ..... Gotta keep them profits m8
Click to expand...

Got my list of keeper shares and my list of "shut them down and lock in the profits" shares. Watching and wary of any hint of another correction.
 
Will the All Ords break 5000 today?

The All Ordinaries Index (XAO) was up 0.65pct or 32.3points to 4974.5.

Will it close above 5000?
 
Re: Will the All Ords break 5000 today?

What a shame, so close yet so far.
 
Re: Will the All Ords break 5000 today?

cutz said:
What a shame, so close yet so far.
Click to expand...

She certainly didn't want to plough straight through 5000. Nevertheless a bit of consolidation around new highs under resistance can be very healthy.
 
Might need to find some support levels for a bounce now that China is tightening up spending (curbing imports of Iron Ore, Coal etc) and Barak Obama has started a sell-off of financial shares. Otherwise we will be heading for 4500 and not 5000.
 
nulla nulla said:
Might need to find some support levels for a bounce now that China is tightening up spending (curbing imports of Iron Ore, Coal etc) and Barak Obama has started a sell-off of financial shares. Otherwise we will be heading for 4500 and not 5000.
Click to expand...

Tomorrows trading should follow the dows 2% drop.
The Australia public holiday on Tuesday couldn't have come at a worse time with the dow having two days of trading before the asx opens on Wednesday.
Could be in for a large fall.
Any takers?
 
Can't wait to see Jan/feb job number's.Sure all economy's looked great on paper with the xmas spending period nov/dec. Now we are going to see how the market is really fairing,with up and coming job figures of Jan/feb.
If we look at past crashes,most gained 50% from there lows with in the year,but with all the past crashes,phase 2:take's place.As the markets look as if they were on there way to recovery(The false dawn).The past crashes evidently retract again 6-12mths later to there lows.
The question is,will we see another retraction back to the march lows?
My personal answer is yes,and looking at the upcoming data from wall street for january,it aint pretty.The next few months will be interesting,can't wait!
Been sitting on the side lines since november(now in 100% cash position.) and waiting for wave 2: The false dawn.
Will the teddy bears have there picnic? I hope so !
 
Our fall of 29 on the xao was fallowed by huge falls arround the globe:
DAX -138.85 ;
FTSE -113.84 ;
Hang Seng -380.44 ;
Nikkei -48.35;
DOW -268.37 (8:00am); and
NASDAQ -65.48 (8:00am).

The dow has given up 600 points in recent weeks and the xao has given up 300 points since October/November 2090. Are the US & European markets simply correcting their overheated recovery?

It is hard to convince oneself that this is only a correction and not the start of the second stage of the original reversal. This slump relates to the US and European economies and a growing concern over their levels of debt. If this turns into a groundswell like the prime mortgages did we are in for a quick downward run.
 
Is this a new leg down or another washout of dead wood in the system?

The instos cant have given up their game for the year already!

Will be very interesting to see the charts tonight and look for some form of stopping volume in indv stocks, bullish divergence etc. I find hard to believe we weren't going to have a few more unsuccessful cracks at 5000 this month. Then again, Feb tends to be a seasonally bad month.
 
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