XAO Banter Thread

[qldfrog]

XAO currently down 377 points or 6.1%.

What was the largest one day drop for the XAO? I can't recall.

I can not recall anything like today but maybe was not focussed enough at the time

 

[InsvestoBoy]

XAO currently down 377 points or 6.1%.

What was the largest one day drop for the XAO? I can't recall.

XJO did -8.98% during Sep '08 ...still nothing compared to '87...

 

[PZ99]

10/10/08 -8.34%
9/3/20 -7.33% today
22/1/08 -7.05%
16/10/08 -6.66%
13/11/08 -5.86%
17/4/00 -5.40%
8/10/08 -4.99%
17/9/01 -4.69%
23/10/08 -4.37%
6/11/08 -4.31%

 

[BlindSquirrel]

Oof!

(You can see where I've been bag-holding! Luckily this is only my play-money account)

 

[greggles]

10/10/08 -8.34%
9/3/20 -7.33% today
22/1/08 -7.05%
16/10/08 -6.66%
13/11/08 -5.86%
17/4/00 -5.40%
8/10/08 -4.99%
17/9/01 -4.69%
23/10/08 -4.37%
6/11/08 -4.31%

20 October 1987 was supposed to be a 515.5 point (25%) fall.

 

[PZ99]

20 October 1987 was supposed to be a 515.5 point (25%) fall.

I made an error there - that was the AX-200 which launched in Y2K

Might find more info here > https://www.marketindex.com.au/all-...oSN_f0TsnM1ysB0D2N2f_Tv_LtsMXL2fPqL5ZQ3MCc0wo

For XAO - About halfway down is a "Full History" of Monthly data 1979 - 2018 in Excel format

PS, check this out for volatility..

 

[InsvestoBoy]

Here is some banter.

Todays 11% low->high move constitutes an inside bar (given, the 24h session is not yet closed).

An 11% move, still didn't touch the edges of yesterday.

 

[BlindSquirrel]

If anyone's after a silver lining: If a stock has dropped 5% for each of two days in a row, the dollar difference isn't as high as yesterday!

 

[wayneL]

20 October 1987 was supposed to be a 515.5 point (25%) fall.

That was after a truly monumental run up and non digital markets.

I think this route is a bit more worrying for the long-term.

 

[wayneL]

If anyone's after a silver lining: If a stock has dropped 5% for each of two days in a row, the dollar difference isn't as high as yesterday!

At 1500 it will be even less

 

[peter2]

Friday the 13th: Lucky for some.
Is lil ol' Australia doing the heavy lifting?

 

[InsvestoBoy]

Friday the 13th: Lucky for some.
Is lil ol' Australia doing the heavy lifting?

I think it's lil ol' AUD that's doing the heavy lifting! 0.62c to the USD, that is a massive shock absorber for our economy.

 

[rederob]

I can not recall anything like today but maybe was not focussed enough at the time

I have not checked thoroughly but today may have been the largest intraday movement for a very long time at 650 points, and I think we are hard pressed to find a 32% range within 3 weeks of trading.

 

[hja]

I have not checked thoroughly but today may have been the largest intraday movement for a very long time at 650 points, and I think we are hard pressed to find a 32% range within 3 weeks of trading.

It looks like trading will stay inside this range for at least the next few days, given all the buying we saw in it, until we see a big move down or up away from it.

 

[BlindSquirrel]

I think it's lil ol' AUD that's doing the heavy lifting! 0.62c to the USD, that is a massive shock absorber for our economy.

I've got a small holding in QCOM that is down $80 USD but up $40 AUD

 

[qldfrog]

Not sure little Aussie will be able to help much today after the 12pc fall in the USA..

 

[InsvestoBoy]

Not sure little Aussie will be able to help much today after the 12pc fall in the USA..

Look at the S&P 500 VIX: 82
Look at S&P ASX 200 VIX: 42

 

[Logique]

XAO now hugely tech oversold on ridiculously inflated volatility. And hitting a zone of previous resistance/new support at 4900-5000. So it either holds here, or runs down to next support 4000 (which would be a long way from here).

No wonder there's green ink this morning. It's starting to look interesting.

 

[dyna]

Be interested to see what the serious money is doing,just after 4 pm this arvo,when the talkers and gawkers have packed it in for the day.My buy orders are not gonna make it......come back,big,bad virus.

 

[kid hustlr]

I'm interested in @InsvestoBoy thoughts on the gold miners (miners in general) getting bought up today?

Is the longer them theory cyclical stocks are the play if we get inflation?