XAO Banter Thread

[satanoperca]

Re: XAO Analysis

Down 45 tomorrow?

Did you just a pick a number out of the air, can you provide some analysis as to why.

Cheers

 

[tinhat]

Re: XAO Analysis

We are not going to have confirmation of the current move up until volume returns.

 

[tech/a]

Re: XAO Analysis

We are not going to have confirmation of the current move up until volume returns.

Why?

A return of volume is likely to herald a return of supply going into the market.

Not good!

 

[Gringotts Bank]

Re: XAO Analysis

Hey santa, I use intuition.

Whenever I mention anything to do with knowing stuff in a non-scientific way, I get attacked from all angles. So I'm not going to explain how or why.

I've asked for a psych thread/forum to be opened but I get no answer.

 

[sammy84]

Re: XAO Analysis

Bit of divergence is the US and sharp down move overnight. Russell 2000 got killed. Beginning of a correction?

 

[Gringotts Bank]

Brilliant is right. Though this doesn't quite compare to my call on SDL (which you can find on the XAO analysis thread). You're learning tech/a.

 

[tech/a]

Brilliant is right. Though this doesn't quite compare to my call on SDL (which you can find on the XAO analysis thread). You're learning tech/a.

No I really did think it was brilliant.

Short to the point will be either right or wrong.

Brilliant.

You should trade your brilliance.
I trade mine!
Click to expand.



Perhaps Ive learnt??

 

[sinner]

Re: XAO Analysis

Bit of divergence is the US and sharp down move overnight. Russell 2000 got killed. Beginning of a correction?

Fins and smallcaps led in the US on the way up, they should lead on the way down. Picture looks different here though.

(in the second chart, black line is XAO)

 

[starman45]

The price is still around to support 4860ish.
Have a nice weekend!

 

[Logique]

US stocks fall most in almost 6 months -January 29, 2011

http://www.smh.com.au/business/markets/us-stocks-fall-most-in-almost-6-months-20110129-1a8of.html

'...Developments in the Middle East could be a trigger for investors to sell at a time when many expected a correction after a market rally of about 18 per cent since September.

"I think the next two to three weeks, the crisis in Egypt and potentially across the Middle East, might be an excuse for a big selloff of 5 to 10 per cent," said Keith Wirtz, president and chief investment officer at Fifth Third Asset Management in Cincinnati, Ohio...'

 

[Broadway]

US stocks fall most in almost 6 months -January 29, 2011

http://www.smh.com.au/business/markets/us-stocks-fall-most-in-almost-6-months-20110129-1a8of.html

'...Developments in the Middle East could be a trigger for investors to sell at a time when many expected a correction after a market rally of about 18 per cent since September.

"I think the next two to three weeks, the crisis in Egypt and potentially across the Middle East, might be an excuse for a big selloff of 5 to 10 per cent," said Keith Wirtz, president and chief investment officer at Fifth Third Asset Management in Cincinnati, Ohio...'

Alot of people want a 5-10% correction to make another long term entry.
Thats why it wont happen. 1-2% maybe but there will be too much buying for it to be very deep.

 

[sammy84]

Alot of people want a 5-10% correction to make another long term entry.
Thats why it wont happen. 1-2% maybe but there will be too much buying for it to be very deep.

There will also be people sitting with a lot of open profits who might get nervous. Can only trade what we see and for now it looks like the short side is preferred.

 

[RazzaDazzla]

Floods, Cat 5 Cyclones, major unrest in Egypt and the markets just keep grinding higher; albeit in a slow and ugly fashion.

Nothing seems to be spooking them.

 

[tech/a]

Nothing seems to be spooking them.

Wont be long now then!

 

[Broadway]

Wont be long now then!

the short side is preferred - sammy

All up since Egypt..maybe things arent so bad.

 

[sammy84]

Wont be long now then!

Suggesting this is the final leg higher?

 

[RazzaDazzla]

Suggesting this is the final leg higher?

Time will tell. Perhaps everyone will jump on board the long side with recent highs breached and longer term highs only some 100-200 points away.

Perhaps it is the final leg higher; but then people have been calling for a retracement for quite some time. If floods, cyclones and unrest in Egypt don't spook the market; what will it take? What will be the event to cause the long awaited correction?

Fun game this trading

 

[Wysiwyg]

Perhaps it is the final leg higher; but then people have been calling for a retracement for quite some time. If floods, cyclones and unrest in Egypt don't spook the market; what will it take? What will be the event to cause the long awaited correction?

Fun game this trading

Wysiwyg makes mental note :- market defiant at anticipated tops and bottoms. Persistently push higher or lower.

 

[Logique]

Alan Kohler interviewed Gerard Minack on Inside Business this morning, 6 Feb.

I thought here we go, noted bear. Not so this time. Oh yes, said Gerard, there are sovereign debt and inflation issues about, but..2013-2014 you know. We'll worry about it then. Gerard suppposed that the debt-inflation issues must come to a head sometime, but wasn't this being said about Japan 20 years ago.

Gerard thinks there will be another leg up in equities markets, of 10% to 15%. The arithmetic would be: XAO 4950 plus 10% = 5,445; or plus 15% = 5,692.

I think Gerard is a bear , but I do respect his opinions.

 

[Boggo]

Just one of potentially many pictorial views of both the XAO and the DOW.

(click to expand)