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XAO Banter Thread

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OK, thanks Nun, got it.
 

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Shorted alot of the financials,Deja vu for me.With low volume,would suggest alot of people are uncertain,Possibly awaiting the up-coming third quarter results on wall street.Any way in short,Seems the market will pause or consolidate.Anyone placing shorts atm?Or feeling that this is a important junction point?
 

Still too much strength in the markets for me to enter any shorts with any confidence. Just managing my long positions atm.

The trend is still well and truly up and until I see some signs of weakness I will continue to trade with the trend. Todays price action after the last 2 days is pretty bullish imo. Also remember low volume can be bullish as it indicates no supply at these levels - I certainly don't see any selling into strength yet.
 
Dark1975 said:
.Anyone placing shorts atm? ?
Click to expand...


i added to my short resource market darling today

i hold 3 parcels, slightly larger trade than usual. if i am wrong i will get over it.

37.86

38.16

38.20

all parcels will be stopped out at same time on my percieved stop point


elvis is on my side


still holding numerous longs which will be dealt with individually IF they tell me its time to hit the magic button
 

Actually i like those shorts on BHP,
I Actually shorted 2 parcels of CBA and one on ANZ

53.63

53.68

24.65

Have also placed stop losses of 0.85% on all three parcels if the dow bounces upward tonight.
Well cheers for your trade plans.Well bit early,but futures on the ftse 100 and dow are in negative territory.
Cheers nun for your reply
 
good on you for taking those courageous shorts

however market seems to have pentrated the key 4800 level

5000 looks ever so close now.
 
nothing wrong with my BHP trade so far .............

individual stocks , individual stops

i am an individual
 
Nah,

Nice little head and shoulders pattern forming on BHP, the day of reckoning is near.
 
This market is driving me crazy....I sold most of my shares last week. Haven't played the CFD game yet, checked it out yesterday but can't download the add on to etrade on a work computer. Who else will work? IG Markets?
 
39.45 will see me out

not fighting anything ....... was merely playing probabilities as I saw them at the time

if i had the benefit of a hindsight indicator as many others have, my entrys would have been a lot better
 
Re: XAO Analysis

I really do hope we don't follow the dow down that much... china seems to be doing well atm. bottoming at 4300 sounds the most reasonable.
 
Re: XAO Analysis

alter1217 said:
I really do hope we don't follow the dow down that much... china seems to be doing well atm. bottoming at 4300 sounds the most reasonable.
Click to expand...

After skim reading recent Reserve Bank update and taking a peek at the Dow futures, I'll venture 4400 as this correction bottom, i.e. 10%
 
Re: XAO Analysis

On the contrary, I predict a veritable tsunami of strategically released "better than expected" data to be fed to the Oz media chooks over the coming week to counter any further negative sentiment.

XAO to beat 5000 by Xmas.

;o)
 
I'm with you Aussiejeff, calling a mild correction and 5000 by Christmas.

Folk preoccupied by slow US recovery perhaps haven't got their arms around Chindia
 
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