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XAO Banter Thread

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At an interesting point for the market, commodities rallied well over past 12mths,

Banks climbing a bit with the RC over for banks, APRA says no more action, property down down down

Maybe stocks going to have a run up to 6600-6800, funds are believing the economy is going take off
 
XAO still looking bullish. Double top at 6,390 or break above 6,400? Interesting times.

 
Spike and channel with 3 drives to the high.....getting too long
 
XAO pulling back from its high of 6,481 over the last week or so. Currently at 6,236. Where will it find support?

 
Nice, classic reversal near the low of day. Both initial intra-day targets hit.
Friday evening drinks courtesy of the kid.

Note: No I didn't trade it. It's a great pattern.
 
peter2 said:
Nice, classic reversal near the low of day. Both initial intra-day targets hit.
Friday evening drinks courtesy of the kid.
View attachment 89210
Note: No I didn't trade it. It's a great pattern.
Click to expand...

The spike new low that reversed was the entry I was initially talking about. No drinks tonight I'll need to explain to the wife that Awesome August is long gone!

 
While the Yield Curve is still positive the percentage play is to stay invested.

But the setup for the 2020s is ugly based on historical valuation metrics. I would personally accept a -40% hit to stocks (would only be a 700 point XAO drop from 2016 low) as a good result as there is downside for worse if banks get in trouble.
 
Doesn't go up with global exchanges but heads down easy as

Very poor performance for shares over past 10-11yrs. Back under 6000, still long way off high
 
Nothing scary on the horizon looks pretty safe for another 12 months, especially if Trump adds more stimulus through individual tax cuts.
 
Yeah unless the market is wising up to the fact that the 4% GDP growth did not even dent the tax income losses for government and debt is going through the roof, in fact it the deficit expanded by 9%. More tax cuts will have them heading for bankruptcy.

This is like an indebted person who's low wage cannot cover his living expenses as it is, who convinced a predatory bank exec to give him a $100,000 credit card which he is now using on a round the world trip, living it up and thinking he's rich cause he's having a great time!
 
be interesting to see the predictions for the XAO from posters, month and half to go in 2018

sure the xao will climb a bit, very average time for investors with the big whinge thats happening in the community
 
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