XAO Banter Thread
- Thread starter clayton4115
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Country Lad
Off into the sunset
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+1
My prediction would be 5228.8 for the XAO tomorrow.
Cheers
Country Lad
That's great to know folks! (Oh, what a difference a business day makes!)
Would anyone care to make a similar prediction for the XJO futures?
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How do I bet that the market won't move much this week, (without using options or warrants)?
CanOz
Home runs feel good, but base hits pay bills!
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don't trade
Edit: let me elaborate..Don't trend trade....i agree that the market looks like it could bracket here, or range. So one way to trade it would be to trade the extremes of the range...mean reversion, fade the highs and lows.
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Come on Canoz, use those new eyeballs of yours and find me something!
CanOz
Home runs feel good, but base hits pay bills!
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I've got nothing visual but my breakout and breakdown scans are pretty much empty, so I think it looks like a sideways market.
I'll have a look for some obvious supp/res lines for the index, thanks.
I'll have a look for some obvious supp/res lines for the index, thanks.
CanOz
Home runs feel good, but base hits pay bills!
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Post up your trend lines etc., and i'll show you where the volume is in that regards....after lunch and a haircut
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Post up your trend lines etc., and i'll show you where the volume is in that regards....after lunch and a haircut
I'd use today's bar, (high, low and close) as S/R.
skc
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Bet with me. I'd take the opposite side of your trade.
With debt ceiling coming up 17 Oct, a resolution will see the market surge while a lack of solution will see markets wane. So I hold the exact opposite view to what you are thinking. Although I don't really have an idea on which way it'd break.
CanOz
Home runs feel good, but base hits pay bills!
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Yeah i sort of took that statement as he meant "won't move much this week" until the US resolves the impasse....
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Obama appears to be rejecting a temporary debt lift.
So the Republicans may respond by allowing a debt ceiling breach.
What is important to note is that an actual default will not happen until the end of this month which no one will allow to happen.
So there is more room for circus tricks than most pundits are proclaiming, this is just making the game of chicken a little more exiting.
It's making me feel bearish that there is more room for the farce to continue.
So the Republicans may respond by allowing a debt ceiling breach.
What is important to note is that an actual default will not happen until the end of this month which no one will allow to happen.
So there is more room for circus tricks than most pundits are proclaiming, this is just making the game of chicken a little more exiting.
It's making me feel bearish that there is more room for the farce to continue.
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The chart is very hard to interpret right now. I think the market must be exploring for support and resistance levels. Other than the recent high, there's nothing to go by. That's why I thought it would go sideways.
Some of the constituents have had breakouts, many sitting on resistance.
Some of the constituents have had breakouts, many sitting on resistance.
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Challenging to read right now!
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I had a bad feeling about the DOW so I get up in the middle of the night to close my posi on the au200 and it's in profit! Either I'm still asleep or....
ok I'm back off to bed. Position closed.
ok I'm back off to bed. Position closed.
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hum dow up all day and trending up..not suree you should have woken up...
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hum dow up all day and trending up..not suree you should have woken up...
At that time of morning the Dow was -64 I think and the au200 was up close to my next day target of 5300, so it worked out ok, though I could have done a fair bit better.
Still nervous on this market.
I was going by the old maxim "sell down to a sleeping level"!
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Wanted to buy more TLS
Go to NAB Trade - tried to transfer funds - unexpected error
Tried to place order by phone , after 10 minutes wait hung up
TLS rose about 8c in that time and still going.
Are the CBA any better ?
Go to NAB Trade - tried to transfer funds - unexpected error
Tried to place order by phone , after 10 minutes wait hung up
TLS rose about 8c in that time and still going.
Are the CBA any better ?
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