XAO Banter Thread

[mr. jeff]

TH what do you think the chances are of a reversal from the current level - 4860 ?
Seems to keep knocking on the door.

 

[Trembling Hand]

TH what do you think the chances are of a reversal from the current level - 4860 ?
Seems to keep knocking on the door.

I was surprised to see the market go bid yesterday after the RBA minutes saying basically they have lots of room for more cuts. That to me says the yield trade un-wind is over for the hot money. We will/should see more XJO/AUDUSD divergence.

New game coming up.

Why whats your read?

 

[Gringotts Bank]

What do you have jeff?

I think it's still long at the moment.

 

[mr. jeff]

I'm still seeing a strong rejection of 4860 developing in line with T/A's chart, though lower target of 4560.
I agree that the selling pressure has certainly receded this week although the continued news of earnings downgrades and manuf. industry reductions does support the ongoing theme of yield play reduction which in turn is evidenced by the AUD/USD down move. Haven't been in the AUD/USD for the week as it is disturbingly choppy.
The catalyst to determine the direction for the next leg will be FOMC it seems.
I hate trading before news.

 

[MrBurns]

Only if Labour win in a landslide.

I'll just pencil that in as a quiet day

 

[tech/a]

Im short FTSE and suggest that the XJO has seen the high of this corrective move.
I expect it will wallow around for a while between the high of this move and the recient low
before continuing lower.
Ill post chart analysis tonight.

 

[Gringotts Bank]

Im short FTSE and suggest that the XJO has seen the high of this corrective move.
I expect it will wallow around for a while between the high of this move and the recient low
before continuing lower.
Ill post chart analysis tonight.

lol. Dow was down 1.5% overnight. Are you sure?

 

[CanOz]

lol. Dow was down 1.5% overnight. Are you sure?

What % down did the XAO open this morning?

 

[Gringotts Bank]

What % down did the XAO open this morning?

Seven

 

[tech/a]

Im short FTSE and suggest that the XJO has seen the high of this corrective move.
I expect it will wallow around for a while between the high of this move and the recient low
before continuing lower.
Ill post chart analysis tonight.

Err yeh??

 

[Trembling Hand]

You guys are all just panicking. Will be higher by tomorrow and higher still this time next week.




Now where is my stop?

 

[tech/a]

You guys are all just panicking. Will be higher by tomorrow and higher still this time next week.

Now where is my stop?

Hmm what you think???

 

[Trembling Hand]

Hmm what you think???

View attachment 52877

Hang on, here we go.



Or maybe I have been effected by the chemtrails

 

[Trembling Hand]

You guys are all just panicking. Will be higher by tomorrow and higher still this time next week.

Worst call ever,

 

[skc]

Just waves and waves and waves of selling. I called the low of the day at 4730, then 4710, then 4690 as we speak...

Normally on a day like this there'd be dislocation everywhere... yet for some reason I haven't got many new trades to put on. Things are just being sold off in line with their sector peers. How boring!

 

[tech/a]

Just waves and waves and waves of selling. I called the low of the day at 4730, then 4710, then 4690 as we speak...

Normally on a day like this there'd be dislocation everywhere... yet for some reason I haven't got many new trades to put on. Things are just being sold off in line with their sector peers. How boring!

How exciting!

 

[CanOz]

All red here....still

 

[Trembling Hand]

Just waves and waves and waves of selling. I called the low of the day at 4730, then 4710, then 4690 as we speak...

Normally on a day like this there'd be dislocation everywhere... yet for some reason I haven't got many new trades to put on. Things are just being sold off in line with their sector peers. How boring!

Seems to be somewhat futs related. None of the big caps are anywhere near the last lows yet the movement looks like the kind of stuff you get when stops are hit minute after minute all day long.

Asian Indexes getting hammered. Breaking new lows everywhere! HSI, Kospi, China, Taiwan!!

Great day to be flipping but boy what action.

Evil Marco funds?

 

[sinner]

Seems to be somewhat futs related. None of the big caps are anywhere near the last lows yet the movement looks like the kind of stuff you get when stops are hit minute after minute all day long.

What I'm hearing is lots of instos are very unwilling to exit in the money cash longs and actively hedging their positions to flat in the futs and ETF markets.

 

[tech/a]

Im short FTSE and suggest that the XJO has seen the high of this corrective move.
I expect it will wallow around for a while between the high of this move and the recient low
before continuing lower.
Ill post chart analysis tonight.

How exciting!

Nice