XAO Banter Thread
- Thread starter clayton4115
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Interesting to see how the SPI opens this morning, it closed on support in overnight trade intraday (well broke it by 1 tick)
will they run it higher today in anticipation of the FOMC and the court decision on the ESM over the next 2 days
if they cant run it higher from the open I would expect another range bound morning
but anything is possible
will they run it higher today in anticipation of the FOMC and the court decision on the ESM over the next 2 days
if they cant run it higher from the open I would expect another range bound morning
but anything is possible
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The original channel (white) had 5 hits so should have stayed where it was.
I re-drew it in my last post because most stock charts looked lacklustre. Most charts still do look a little weak, and so I probably should be trading either SPI or the Aussie200 CFD with this approach, because these instruments are more technically predictable than individual stocks, and much more liquid.
So I'm re-drawing it as it was with the breakout on the 7-9-12. A narrow channel, with a height of approx. 50 points, added to the breakout price of 4348 gives approx 4400 as a target (red line).
Opportunity missed. I'll get the next one.
I re-drew it in my last post because most stock charts looked lacklustre. Most charts still do look a little weak, and so I probably should be trading either SPI or the Aussie200 CFD with this approach, because these instruments are more technically predictable than individual stocks, and much more liquid.
So I'm re-drawing it as it was with the breakout on the 7-9-12. A narrow channel, with a height of approx. 50 points, added to the breakout price of 4348 gives approx 4400 as a target (red line).
Opportunity missed. I'll get the next one.
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using a generic cash chart to leave out the bogus overnight swings in the cfd, the h/s pattern i emailed continues to play out, an extension can be worked based on the left shoulder horizontal or diagonal levels to find an exhaustion point
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......
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I can see the pattern you're talking about Joules (on your chart) but I can't replicate that on the daily weekly or monthly.
You're bullish up to what sort of target price?
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few days ago on here i said we'd re-attack the 4400 level.....even if its to simply distribute......we are just about due some rotations in markets .....interestingly, with things like copper making a sort-of tech break-out and what could be gold exhaustion in the next few days and bonds going into equities we could get drahged up higher still, but, i kinda like the shape the xjo has been making for us to go anther trip downsouth after a false break-out above here with assitance of the hsi.....on the euro news release the xjo was pathetic and today we look good pre-empting the bernank release which i think will be much ado about zip, little on qe......
the aussie market has the challenge of the dollar and if it gets stronger (i suspect so) is likely to keep a foot on the throat
not keen to get big on any opinion......
tinhat
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How many times have we hit 4400 on the XAO since the september 2011 bottom eh? And every time I say to myself "sell everything" but never do.
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bah, flat day.....RUT and SML both look bullish and futes holding up, i'm watching those as they tend to be thin end of the eq risk wedge regardless of what transports are doing.....HSI holding up.....some positive backgrounds.....as long as the XJO cash stays above (doesnt daily close below) 4330 then the upper 4400 remains best next target......
wot we need is a bit of :22_yikes:
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someone who believes the major indecies move in repetitive waves sent me this video....the concept is complete bubcus imo, ah, but a great video......if your partner is having a 'moment' get them to watch this...... 
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skc
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Did FMG just fall 10% in 5 minutes?!
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4pm
3.500 2.500 3.430 2.950 43,674,988 9,533 139,967,639 3.390 3.470
Indicative Price ($): 3.000
|
Surplus Volume: -531,788
thin demand on high turnover......someone wants out .....for several days....
Wonder if there will be a double bottom this time... or another leg down. I don't care about the stock or anything much in its sector, but I find price action in some of the big-cap miners like this interesting from a spectator's point of view...
Trembling Hand
Can be found on the bid
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.if your partner is having a 'moment' get them to watch this......
That rocks. I could look at that all day.
Some would say doing that is more productive that what I do look at.
Julia
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You could sell it as a meditation aid to millions of gullible people. More mesmerising than closing your eyes and chanting UMMMMMM.
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... ......if your partner is having a 'moment' get them to watch this......
Wow!
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Today's max will be 4415. Finishing the day at 4400.
And now here's Jim with the weather... Jim, how did we fare today?
And now here's Jim with the weather... Jim, how did we fare today?
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just wondering if anyone knows if Alan(i-present-the-way-it-is-on-the-ABC)Kohler has rebought his portfolio?
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futures pushed the XJO cfd to 4429's (although the killer spread of 4 didnt allow the sell at that price) a good chance to close up for the week
.......the futures for SPX were bought at the close of the week (post cash) which suggests to me shorts were an on-the-day and did not want to be surprised on monday, a sign of pos strength......looking into this week more buoyancy for aus market but not much upside.....hohumSimilar threads
