Australian (ASX) Stock Market Forum

XAO Banter Thread

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Nyden said:
I thought the general consensus was that rates were in fact going up, so perhaps that was a bit of an overreaction.

AUD shot up like a little rocket though, off topic - but parity, here we come? :D
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Well I think the rba only moved rates up to try and defuse a bubbling property market,I mean i own a few business and with my loans with WBC with a current rate @ 6.69%,now make it 6.94%(I aint confident to borrow any more money due to the consumer confidence).
I mean my T/sales are still 20% down on q2/q3,so please forgive me if i don't share the same level of optimism :p:
 
Dark1975 said:
Well I think the rba only moved rates up to try and defuse a bubbling property market,I mean i own a few business and with my loans with WBC with a current rate @ 6.69%,now make it 6.94%(I aint confident to borrow any more money due to the consumer confidence).
I mean my T/sales are still 20% down on q2/q3,so please forgive me if i don't share the same level of optimism :p:
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Well, you'll forgive me if I don't entirely feel sorry for you. There are always 2 sides to interest rates - the people that suffer for them, and the people that need them. I'm sure there are many retirees popping a bottle of something or other at this news today :) I know I am, as hopefully this will at least (as already mentioned) put a lid on house prices for the time being.
 
Nyden said:
Well, you'll forgive me if I don't entirely feel sorry for you. There are always 2 sides to interest rates - the people that suffer for them, and the people that need them. I'm sure there are many retirees popping a bottle of something or other at this news today :) I know I am, as hopefully this will at least (as already mentioned) put a lid on house prices for the time being.
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lol,!Rba lifted rates to due the property market(prevent market from bubbling).Mate i own 3 newsagencies,Let me assure you consumer confidence/Spending is down still 28% from 2008.Consumer spending drives the market,And from a business point of view...There's not much optimism for me to go out and borrow more money to invest in general market,when people are more cautious with there money in spending.
Goverment has failed with stimulas packages...Instead of spending stimulas of infrastructure to create more jobs,and focus on helping ease the stress with small cap business(which in turn are 55% of the market).
In short,Growing unemployment figures,lack of consumer confidence/rising interest rates/a property market which may bubble.Well say no more than a possible W forming down the track.
 
Dark1975 said:
lol,!Rba lifted rates to due the property market(prevent market from bubbling).Mate i own 3 newsagencies,Let me assure you consumer confidence/Spending is down still 28% from 2008.Consumer spending drives the market,And from a business point of view...There's not much optimism for me to go out and borrow more money to invest in general market,when people are more cautious with there money in spending.
Goverment has failed with stimulas packages...Instead of spending stimulas of infrastructure to create more jobs,and focus on helping ease the stress with small cap business(which in turn are 55% of the market).
In short,Growing unemployment figures,lack of consumer confidence/rising interest rates/a property market which may bubble.Well say no more than a possible W recovery down the track.
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Your 3 news agencies are an indicator for the entire economy, are they? Please. Of course your news agencies sales are still down, do you sell even one item of necessity? Your entire store is focused on discretionary spending. Magazines, newspapers, gift cards - goods that are the last thing on many shopping lists. The sales of such items might not pick up for a very long time, as many people will have realized that much of the same content is freely available online.

Many consumer-confidence reports are indicating positive news, and many industries are picking up. To say that the entire economy is still in ruins, based purely on your own experiences - is just arrogance.
 
White_Knight said:
I'm short 100 SPI contracts, stop 5000, target 3500.

Dare me to drive?

:eek:
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I'm with you, not quite as many contracts and a slightly tighter stop. Good risk reward trade if comes off. I'm asuming you're expecting some kind of large triangle bottom to form going by your target OR do you just use risk reward to determine entry / exits?
 
Nyden said:
Your 3 news agencies are an indicator for the entire economy, are they? Please. Of course your news agencies sales are still down, do you sell even one item of necessity? Your entire store is focused on discretionary spending. Magazines, newspapers, gift cards - goods that are the last thing on many shopping lists. The sales of such items might not pick up for a very long time, as many people will have realized that much of the same content is freely available online.

Many consumer-confidence reports are indicating positive news, and many industries are picking up. To say that the entire economy is still in ruins, based purely on your own experiences - is just arrogance.
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Actually didn't state that?But anyways you obviously don't own a business?And Actually not reading my posts properly?Anyway ain't going to debate with you anymore,it's pointless.Anyway good luck with your future trading;)
 
Re: XAO Analysis

How dya like them apples bears ;-)

I reckon it's another leg up from here. People have just used the last few days weakness as another buying opportunity.
 
clayton4115 said:
got stopped out!

this is crazy! market up 3% !!!!


:banghead:
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lol, the market doesn't do what you want it to do so it's crazy.

What's crazy is people who trade with little or no understanding of how the markets they trade behave.

Prof Frink had a very good post in the XAO analysis thread that provided stats on where the market might go this week. There was also a very strong chance the gap on the XAO was going to be filled and we could see 4700 retested before a serious break to the downside.

Maybe if you guys spent more time researching the markets and developing a decent trading plan & system the market would make more sense to you.

The lesson here is if you look at the very good traders on this forum they all have a lot of stats and patterns that provide reliable setups to trade from, and if they are unsure or don't have a pattern to trade - they don't trade until one comes up. Going short because "im quite certain we should get a decent pullback to 4500 soon" just doesn't cut it, especially with a 1:1 R/R.
 
Well today is a great day to gauge the xao,I mean being the dow was just a touch down.But i guess it's good today to see how bullish the market really is?(from a neutral postion).If we are starting to decouple from the dow?And could we be forming a double top?
Well my view hasn't changed,We are still following the dow,And a possible consolidation period and move to form top 2.Forming a double top scenario before tanking.Then again if the xao breaks 4761 then we will see the final leg up.
 
Today is the short term top in my uneducated view from MY chart

expect some red tommorow .....positioning accordingly............ just bantering nothing more
 
nunthewiser said:
Today is the short term top in my uneducated view from MY chart

expect some red tommorow .....positioning accordingly............ just bantering nothing more
Click to expand...

Just beat the intra-day high of Tuesday last week (4761) so we have a new high..
 

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