XAO Banter Thread

[notting]

As much as I hate it ......

 

[$20shoes]

I haven't posted here for AGES but i lurk a bit

I see the daily as putting in a Wave B top now/soonish.
On the weekly I think there's some evidence to suggest we commence a 5 wave decline to C.

 

[Triathlete]

As much as I hate it ......

That is an interesting pattern. I guess we will need to wait and see if we can break through 6000 points solidly or not...Patience required.

 

[gartley]

Just heading off the XAO tangent a little here, the following charts: monthly bars cycles for DJIA and Quarterly bars cycles for SP500 I think might be interesting. Whilst they are not precision timing in anyway they have proven to be an invaluable guide pre and after GFC for me. The Quarterly bars spreadsheet of the SP500 shows what the chart looked like in 2010 and and what it suggested and then I have the same plot of what it looks like now. The DJIA monthly shows what the cycles analysis for the DOW looked like across various timeframes as of a few weeks ago. Suffice to say it looks like prices have certainly reached an extreme here.

 

[Wysiwyg]

Possible to get bullish into December for the mythological Christmas rally? Still way below GFC highs while other countries have moved on.

 

[Toyota Lexcen]

Disaster for most share investors the past 10yrs

Just stuck, capital going nowhere,

5yrs maybe to get out of this pattern

 

[Gringotts Bank]

Clear 'lower highs' throughout the specs, but at the same time, they are reaching support. imo, there will be a turn up next week and a chance to exit, but sellers will be all over it.

 

[Gringotts Bank]

Ords - 5982 looks like it will be revisited. Then what? Probably a small, quick bounce and then the bears come in.

 

[Gringotts Bank]

Reversion stocks had an enormous pay day with the first drop-and-pop (mid Nov). Now they're getting blown out pretty badly. A lot of the small stocks look like they're going to grind along for a while on low volumes, because whilst many of them are at support, the juice has gone.

 

[Wysiwyg]

Super funds invested in the share market should do well again this FY after a lengthy trendless period and a break higher. Obviously international shares would have been the place to be for the buck bang.

About 10 months of sideways on the stock market works well for Super Funds.

 

[Joules MM1]

xao/xjo share same trend qualities, ftse is on 144 week cycle this week, maybe dax too without new high

some demarcations exist





100 ema around 5940 xjo
next larger same size swing south would give a target mid to low 5800's

are we due a decent swing to reset uptrends ?
retail cfd's are currently 73% long front month contract - buying the dip

cookin in Melbourne

 

[Joules MM1]

xao displays same symmetry construct to xjo, attempts to hold todays low for (spi bids likely to get spanked overnight)

 

[Joules MM1]

essentially, both xao & xjo can be said to be trending in the small downchannel
price held at last weeks low but bids failed to come...

 

[Toyota Lexcen]

Yeah another pathetic performance for the Xao

The top50 stock component is just doing nothing for many years

These are the type of stocks in peoples SMSF and just being left behind. People will have to make a decision to sell and get out for a loss and get into international equities or ETF.

Can’t see myself buying anything but a ETF in the future

 

[Country Lad]

I posted this chart elsewhere a little while ago. Here is an update in case someone is interested.

 

[Logique]

Nice work with these charts Joules and Country Lad.

The XAO had a good second half, no doubt. Whether this next upward leg can crack 6250 will be instructive

 

[notting]

XAO is just fine. The way the US trades is insane and has been for ever.

 

[Joules MM1]

144 week cycles are holding uptrends back in the euro zone and appears xjo/xao are back on sells .......at least that's my lean-to

https://www.aussiestockforums.com/t...ets-traders-banter.24462/page-221#post-971975

 

[Toyota Lexcen]

Surely the Australian authorities would have to create a bond buying program to improve our country

 

[Joules MM1]

nice U-turn !