XAO Banter Thread

[Wysiwyg]

Buying into the close? If money is full tilt in bonds, is it time for equities to rally? I'm confused.

 

[CanOz]

Buying into the close? If money is full tilt in bonds, is it time for equities to rally? I'm confused.

Should be, but there's fear

look at gold.

 

[notting]

Should be, but there's fear

look at gold.

Not to mention institutions paying to keep their money in the banks.

 

[Toyota Lexcen]

its one big bear market, political issues around the globe are having a big impact on our market

US elections coming up soon

Over the past 12mths our market has sunk day after day, who is going to buy into it at the moment?

At the moment this is bigger than the GFC the financial losses across the globe

 

[Wysiwyg]

Should be, but there's fear

look at gold.

The money in safe havens would take some convincing to switch asset classes now I suppose. They probably don't take a 'missed the boat' line.

 

[Triathlete]

Over the past 12mths our market has sunk day after day, who is going to buy into it at the moment?

I would say the "The Traders".

 

[Gringotts Bank]

I think we'll need a run up to break into new highs. Horiz line at 5490.

Healthy = touch the line tomorrow, small retrace and breakthrough.

Unhealthy = retreat before it's even touched.

 

[Wysiwyg]

I think we'll need a run up to break into new highs. Horiz line at 5490.

Confession season and the chance of a rate cut might break this incessant rangebound action. Would like to hold longer than the next resistance level. And there is U.S.A.

 

[Gringotts Bank]

One of those topping out days when stocks get belted and the Ords rises.

Gold stocks oversold+. Buy up.

 

[Gringotts Bank]

I think we'll fall gently back to the horizontal.

This is when speccies go wild - at the end of a long bullish stretch.

 

[Gringotts Bank]

Are we there yet (the top)?

Waiting for the big red bar to initiate the down leg.

Brexit turned out to be extremely bullish for Western markets. Or was it the US job figures?

 

[notting]

Are we there yet (the top)?

Waiting for the big red bar to initiate the down leg.

Brexit turned out to be extremely bullish for Western markets. Or was it the US job figures?

I think it was the fact that they delayed it if they are going at all in real terms.
Make money and get bail on all the retailers in the mean time.

 

[Gringotts Bank]

What caused that sudden spike after 2pm?

RBA 1.5%

 

[Gringotts Bank]

 

[Wysiwyg]

What caused that sudden spike after 2pm?

RBA 1.5%

Give us this day our daily short cover.

 

[Bill M]

I would have thought the markets would jump with the interest rate drop. When I got home I was surprised to see it sunk 48 points. 2% for money in the bank now, not looking good.

 

[Toyota Lexcen]

i thought it might of tanked a lot more today, with the banks being hit again, maybe tomorrow

the banks have only cut by 0.10 - 0.14%, think this will be replicated on any other cuts by RBA to send APRA a clear message

 

[Gringotts Bank]

Haven't seen the markets this bearish in many months.

 

[gartley]

Some interesting patterns developing on the chart of the XAO. All suggesting that one more leg up to perhaps just over 5700 and then a significant correction to follow. Looking for the peak between 15-29th Aug if the patterns hold. Other world indices, for example DAX suggesting likewise.

http://invst.ly/289wu

http://invst.ly/289wy


http://invst.ly/289x4

 

[Boggo]

I expected a bit of hesitation around the Min Wave C back here...
https://www.aussiestockforums.com/f...t=29142&page=5&p=914367&viewfull=1#post914367

It still not out of this area and the next target is Typical Wave C if it continues up.
These areas act as resistance and then usually become support after a breakout and consolidation.

The major target area is the Decision Point.

(Weekly chart - click to expand)