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XAO Technical Analysis

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Re: XAO Analysis

insider said:
I just wanted to go through some of the older posts and see how relevant it is at present time... Nice one WayneL
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Whats this... the new US national anthem!!!??? :rolleyes:

Some people just have too much spare time on their hands. :p:
 
Re: XAO Analysis

well well....
this is surprising, the first time we have green in XAO, LOL :D
bounce strongly now.
all major banks are green.
bhp, rio also green.
tomorrow will be a good start.
 
Re: XAO Analysis

Goldman cuts China 2008 growth forecast to 10 pct

BEIJING, Jan 14 (Reuters) - Goldman Sachs has cut its forecast for Chinese gross domestic product (GDP) growth this year to 10 pct from 10.3 percent to reflect the impact of a recession it expects in the United States.
"Given the significant contribution to growth from net exports, a meaningful slowdown in global demand, triggered by a U.S. recession, would surely have a visible impact on China's growth and corporate profitability," Hong Liang, the investment bank's chief China economist, said in a note issued on Monday.
Goldman now expects net exports to contribute 1.6 percentage points to China's 2008 GDP growth instead of 1.8 points. It estimates that net exports accounted for 3.4 percentage points, or almost a third, of projected 2007 GDP growth of 10.4 percent.
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http://www.guardian.co.uk/feedarticle?id=7222763


Might not be so good for resource demand growth eh ? :cool:
 
Re: XAO Analysis

Wonder how much wider this ascending wedge is going to get. I doubt there is enough to push it to the upper line again. And will be watching for that break to the downside. Stranger things have happened though ,so will have to see if support holds. Can’t see it holding for too long with current economic news though.

Following the wedge made buy and sell points look easy with a little hindsight though:rolleyes:


My first try at posting a chart so sorry if it doesn't come out
 

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Re: XAO Analysis

If you plot it on a log scale, it's more of a parallel channel than a wedge, especially if you start back in early 2003.

Cheers,
GP
 
Re: XAO Analysis

Talk/rumours of both an early 50 bp cut and Bush's US$100 Billion stimulating exercise may be helping to prop the market somewhat...
Cheers
...........Kauri
 
Re: XAO Analysis

Kauri said:
Talk/rumours of both an early 50 bp cut and Bush's US$100 Billion stimulating exercise may be helping to prop the market somewhat...
Cheers
...........Kauri
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And it might not end there...

Jan. 12 (Bloomberg) -- Federal Reserve officials signaled they've shifted their stance in favor of taking out greater ``insurance'' against the increasing risk of recession.


Traders anticipate at least a half-point reduction in the target rate for overnight loans between banks this month, according to contracts quoted on the Chicago Board of Trade.

Odds of 0.75 percentage point of reductions this month jumped to 34 percent, from zero on Jan. 10, futures show. That suggests some investors see the chance of a move before the Federal Open Market Committee meets Jan. 29-30, with an additional cut when it gathers.

http://www.bloomberg.com/apps/news?pid=20601068&sid=aSLg9MitCIH4&refer=economy
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Re: XAO Analysis

powerkoala said:
well well....
this is surprising, the first time we have green in XAO, LOL :D
bounce strongly now.
all major banks are green.
bhp, rio also green.
tomorrow will be a good start.
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what on earth are you saying? - you are a bear!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
 
Re: XAO Analysis

treefrog said:
XJO 5min charts - significant double top formation (almost complete) on today's action
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complete now but down move still has a way to go

sorry, next time will give this a different postcode - best in breakout alerts i'd guess
 
Re: XAO Analysis

I was just looking at last night's after hour trading chart for the SPI and there was a massive spike down then back up again within minutes. There was about 50 points down and up again...

I bet a few ppl would have been stopped out and then again a few ppl would have entered the trade and made an instant 50 odd points in minutes....

Is this why people have been complaining that some CFD brokers are shonks? ie they manipulate the prices to stop you out of a trade, etc?
 

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Re: XAO Analysis

korrupt_1 said:
I was just looking at last night's after hour trading chart for the SPI and there was a massive spike down then back up again within minutes. There was about 50 points down and up again...

I bet a few ppl would have been stopped out and then again a few ppl would have entered the trade and made an instant 50 odd points in minutes....

Is this why people have been complaining that some CFD brokers are shonks? ie they manipulate the prices to stop you out of a trade, etc?
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That had nothing to do with the CFD MM. Something happened last night with a huge Futures trade across all Index Futures Asian, US and Europe or a big time Data failure. I think it was around 6:15 last night. I would guess it had something to do with the migration of contracts to the GLOBEX exchange which was happening last night.

Someones Big Bad Black Box blew up?
 
Re: XAO Analysis

trembling Hand said:
That had nothing to do with the CFD MM. Something happened last night with a huge Futures trade across all Index Futures Asian, US and Europe or a big time Data failure. I think it was around 6:15 last night. I would guess it had something to do with the migration of contracts to the GLOBEX exchange which was happening last night.

Someones Big Bad Black Box blew up?
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Fat finger trade??

CME busted the SP/ES trades.
 
Re: XAO Analysis

doesn't look like all trades were busted tho including stops etc...

To GLOBEX traders:
Mon Jan 14 06:37:46 2008 EST

GLOBEX CANCELLED TRADES UPDATE

Further to our earlier bulletins; although not confirmed, we understand that there was a mass order error by another financial firm which resulted in a large imbalance in the GLOBEX order book, and the subsequent spike in the market. GLOBEX cancelled (busted) trades which occurred outside of the no-bust range in their equity index futures and future options. We believe we have manually removed all of the cancelled trades from customer accounts. This is a manual process, so customers should use the previous price ranges as guidance, and contact customer service if you believe that your position is incorrect. It is important to note that all other trades will stand. This includes trades which have been executed because of the large market move, including stop and conditional orders that may have been triggered by the price move. It shall also include orders that were triggered by an execution price of a trade that was subsequently cancelled by GLOBEX. Clients should manage their current positions. We understand that clients may be adversely affected by the ruling made by GLOBEX, and have made a formal complaint to the exchange.
 
Re: XAO Analysis

trembling Hand said:
Have trading Bots got fingers?
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Sure, and they're bound to get fat sitting around in front of a screen all day like that. :D

fatrobot-754985.gif
 
Re: XAO Analysis

crazy index??????

does anyone know why the selling pressure was on our index earlier today. was it just CNP or was there something else?

i have not seen such nervous trading? :eek:
 
Re: XAO Analysis

nikki said:
crazy index??????

does anyone know why the selling pressure was on our index earlier today. was it just CNP or was there something else?

i have not seen such nervous trading? :eek:
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The word at sea is that Citigroup will write off 24 $Billion BIG Bucks tonight in the USA and sack 24000 pilgrims

Salute and Gods's speed
 
Re: XAO Analysis

Captain_Chaza said:
The word at sea is that Citigroup will write off 24 $Billion BIG Bucks tonight in the USA and sack 24000 pilgrims

Salute and Gods's speed
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Some more carnage !

Typing that into google has plenty of hits !


January 14, 2008 7:48 AM EST
CNBC is reporting at its website that Citigroup (NYSE: C) could write-off up to $24 billion, related to subprime and CDOs, and lay off 20,000 workers. Citigroup is also reportedly considering a dividend cut.

Citi is also expected to raise up to $15 billion from various foreign entities including Saudi Arabian Prince Alwaleed bin Talal.

The plan is expected to be unveiled on Tuesday when Citi reports fourth quarter results.
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http://www.streetinsider.com/Basic+Content/Citigroup+(C)+Could+Write-Off+Up+to+$24B,+Raise+More+Capital/3260964.html
 
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