XAO Banter Thread

[CanOz]

I'm curious to hear others' thoughts on what the Greek problem will do to our and other markets.

Surely markets can't go on dropping until the next greek election? Will they bottom out somewhere and go into a holding pattern until Greece has a government?




Well if you did that, you'd know that the economy is shedding full-time jobs everywhere, including in the latest employment data. Hardly a good thing.

Why don't you give us your technical view SCM...:bart:

 

[Starcraftmazter]

Why don't you give us your technical view SCM...:bart:

I don't have one buddy, care to share yours?

 

[CanOz]

I don't have one buddy, care to share yours?

Where did you learn to say 'buddy'?

Well there's plenty of posts that show my view at the moment...but in essence its a possible rally to retest the bearish wedge, then more of the same:whip...until the washout...:1zhelp:

CanOz

 

[Starcraftmazter]

Where did you learn to say 'buddy'?

Well there's plenty of posts that show my view at the moment...but in essence its a possible rally to retest the bearish wedge, then more of the same:whip...until the washout...:1zhelp:

CanOz

Highschool, everyone was a buddy - happy times

And thanks for your 2c.

 

[Struzball]

Is anybody else getting reeally sick of 'finance' updates in the news etc?

Market fell on fears of Greece...
Market rose on hopes of Greece...

Seriously, it's the only thing I've heard them attribute the movements to for a whole year!

 

[newanimal]

Is anybody else getting reeally sick of 'finance' updates in the news etc?

Market fell on fears of Greece...
Market rose on hopes of Greece...

Seriously, it's the only thing I've heard them attribute the movements to for a whole year!

yep. always have been. if it isn't Greece, there's always one report to yank us one way one day...another contrary report to yank us the other way the next day.
I'm sure it's all unintentional and no one benefits behind the scenes from pre-positioning:shake: before release of the written scripts. https://www.aussiestockforums.com/forums/images/smilies/shake.gif

 

[joea]

A wash out is a huge down day in a with high volume but the market closes higher than the low. A situation where all the 'weak' hands are 'washed' out of the market. Also known as capitulation.

CanOz

today??
joea

 

[Gringotts Bank]

The question right now is will it get to 4100 today, tomorrow, or not at all. Bounce definitely imminent.

Struz I'm sick of it too, but it's always the same, fear and hope (desire) drive the market.

edit: I'm going to wait for everyone else to move first, with a good 20+ point re-trace off the day's low.

 

[CanOz]

today??
joea

Well it certainly washed my long out of the Kospi!!

No idea, look at the result at the end of the day. Why so anxious? Is everybody afraid of missing out on something? The market will still be here in a week. There will be opportunities every day.

CanOz

 

[Gringotts Bank]

10 points to go. I don't feel like there's quite enough panic selling going on. 4100 is both a round number and the bottom trend line of a huge symmetrical triangle, so everyone sees it.

If it bounces, I'd want a very rapid return to 4120-30. If it's too slow, it wouldn't feel right.

RSI at 24.

 

[Trembling Hand]

Why so anxious? Is everybody afraid of missing out on something? The market will still be here in a week.

You sure about that

 

[CanOz]

Good grief, don't tell me you're getting all 'doom and gloom'...

What this drop feel like compared to 2007/08 ?

Seems a little more orderly to me...maybe there are more unknowns that are knowns!

CanOz

 

[kid hustlr]

If everyone's expecting this bounce it makes me feel like there's every chance it might go the other way

 

[tech/a]

Good grief, don't tell me you're getting all 'doom and gloom'...

What this drop feel like compared to 2007/08 ?

Seems a little more orderly to me...maybe there are more unknowns that are knowns!

CanOz

Yeh your probably right.
I know europia is stuffed!

 

[wayneL]

Where did you learn to say 'buddy'?

More Americanization (or is that Americanisation ) of Aussie youth.

 

[Trembling Hand]

What this drop feel like compared to 2007/08 ?

Seems a little more orderly to me...maybe there are more unknowns that are knowns!

Its like comparing a night out with a country girl first time off the farm and a night on the rack with a nasty Dominatrix.

Both can be fun but totally different experiences.......

:whip

 

[wayneL]

Its like comparing a night out with country girl first time off the farm and a night on the rack with a nasty Dominatrix.

Both can be fun but totally different experiences.......

:whip

I'd punt on the farmgirl. :casanova:

 

[CanOz]

Yeah, i've had enough abuse from Miss Volatility :venus: lately....

 

[skc]

Good grief, don't tell me you're getting all 'doom and gloom'...

What this drop feel like compared to 2007/08 ?

Seems a little more orderly to me...maybe there are more unknowns that are knowns!

CanOz

Doesn't even feel worse than July 2011 yet.

Looking for a intraday reversal before withering out like all good Fridays do.

I am long a few laggard golds at the moment.

 

[notting]

Doesn't even feel worse than July 2011 yet.

Which is a little odd given many stocks have already fallen below the lows of not just 2011 but of the 2008 March lows!!

Another bemusing thing is that, so far, REITS are being treated like safe havens.