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XAO Technical Analysis

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Re: XAO Analysis

wayneL said:
Man this is Fugly!

YM was -500 a couple of minutes ago
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What's the go guys, what is the reason for this rapid decline tonight.....

Or is it just reality hitting home that the US is going into recession and BRIC can't solve the worlds financial problems.....

Cheers
 
Re: XAO Analysis

reece55 said:
What's the go guys, what is the reason for this rapid decline tonight.....

Or is it just reality hitting home that the US is going into recession and BRIC can't solve the worlds financial problems.....

Cheers
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There's gotta be something going on behind the scenes... but what?
 
Re: XAO Analysis

absolutely amazing to watch this all unfold.... some company's in big trouble it seems (centro,mfs, who knows who else), an amazing time to learn and implement lessons for the future, ive learned more in the last week than in the last year.
incredible
 
Re: XAO Analysis

The useless good for nothing backed by thin Air USD gaining in value is the bit that winds me up ! :banghead:


Surely must be some news around, google is yield zero, zip, nada :cool:
 
Re: XAO Analysis

Fear... and panic... healthy human emotions... to be followed by opportunistic greed...
Quite a few posts around the traps today along the lines of " I'm selling, no bottoms in sight, crash, disaster, et al"... I thunk...
Cheers
..........Kauri
 
Re: XAO Analysis

Come on Guys. Cheer up. We now have the end of the world priced in. If it doesnt eventuate well we ...............may get an up day.
 
Re: XAO Analysis

I believe this takes us to the > 20% (on SPI anyway) correction necessary to call a bear market.
 
Re: XAO Analysis

Futures/Crystal Ball ?


SPI 200 5,369.00 -227.00 5,576.00 5,592.00 5,355.00 07:02 :eek:


DJIA INDEX 11,633.00 -473.00 12,130.00 12,140.00 11,605.00 07:01
 
Re: XAO Analysis

I'm actually thinking it might bounce a little... and finish at a slightly higher point. It's oversold on the currently available news, I think. Besides, such a big drop might convince some of the bargain hunters that this is the bottom, and they will probably start looking for some value towards the later half of the day.
 
Re: XAO Analysis

Nyden said:
Kauri, your metaphors & rumors always keep me entertained :)

IBy the way, when does your budgie go upside down? :D
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Often.. but when he takes a bath it worries me....
Cheers
..........Kauri
 

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Re: XAO Analysis

Did we just witness a climax sell-off? Could this be the bottom (atleast in the short term?)

Any predictions on what the XAO/XJO will do on open? Panic sell-off followed by a big bounce?
 
Re: XAO Analysis

Porper said:
I can't see that I insulted anybody, obviously certain members are emotional to say the least.

As for INL, yes I am holding a loss but as you or anybody else for that matter doesn't know how many how can you possibly comment on my risk management skills.

As for your comment that you can't mitigate risk in this market.............absolute rubbish.CFD's give guaranteed stop losses for one and how about trading in very small amounts until the volatility diminishes.

All the people patting themselves on the back for being out of the market because they saw it coming should have been shorting..........with GSL.
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I find this insulting: "Most people think the same as you Chops." Especially, like I say, when I've traded like I have, and given the analysis like I have.

GSL's don't give you a guaranteed price. If they are DMA, they have to take the price of the market. And if they are a MM, well, you should know the story. And there are people who don't like using CFD's, because of the debt component anyway.

And you can't really control risk on this environment. The ONLY thing you can do, is have rules relating to the size of your trades compared with your account size. Brett Penfold from memory points this out. My point is, that you can't completely, or accurately control your risk in this market because of massive gapping problems.
 
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