XAO Technical Analysis

Sean K · 22 January 2008

Re: XAO Analysis

kennas said:
Yikes, maybe 5300 support? Hooly dooly.

Bounce off 5300?

If keep calling these bounces I'l get one right.

Sort of the opposite to the bears calling for a correction.......

Where's the bar?.............

numbercruncher · 22 January 2008

Re: XAO Analysis

kennas said:
Bounce off 5300?

If keep calling these bounces I'l get one right.

Sort of the opposite to the bears calling for a correction.......

Where's the bar?.............

LOL ... new saying .....

The Bulls have called 15 of the last 5 bounces

treefrog · 22 January 2008

Re: XAO Analysis

numbercruncher said:
LOL ... new saying .....

The Bulls have called 15 of the last 5 bounces

luv it numbers......................................................................................

Sean K · 22 January 2008

Re: XAO Analysis

numbercruncher said:
LOL ... new saying .....

The Bulls have called 15 of the last 5 bounces

LOL.

I've called 3 of the last none so far. 5650 and 5400.

Now, definately, capitulation over at 5300.....

I'll be able to have this call in the forward of my next book, 'Calling the Bottom Successfully, with kennas'

Nyden · 22 January 2008

Re: XAO Analysis

kennas said:
Bounce off 5300?

If keep calling these bounces I'l get one right.

Sort of the opposite to the bears calling for a correction.......

Where's the bar?.............

I wouldn't call it a bounce, but so far it's recovering a little

Except, of course; Dow futures aren't exactly filling me with confidence

Watch the mass sellers come in before the close.

stockwhizben · 22 January 2008

Re: XAO Analysis

excellent. its recovering. time to buy back in. must be the bottom now

marklar · 22 January 2008

Re: XAO Analysis

tech/a said:
Its NOT today you need worry about.

Its tommorow AFTER US trading.

Indeed, they've got a couple of days of losses in other markets to catch up on first :22_yikes:
Think I'll take the next few days to draw myself some pictures to try and comprehend the global sentiment and market reactions to each other :dunno: goodness knows I won't be buying anything.

m.

Nyden · 22 January 2008

Re: XAO Analysis

stockwhizben said:
excellent. its recovering. time to buy back in. must be the bottom now

Heh, it's probably because of the time of the day. All the sellers out to lunch :

Hephaestus · 22 January 2008

Re: XAO Analysis

My bets on a coming low of 4800, and a flatline for an extended period. The XAO has been totally obsessed with anniversaries since the 20 year 1987 celebration.

What scares me:

Look at the LONG term XAO. Extend the troughs from 82, 91, 93, 95, 99 and 03 to find my REAL concern = 3200...

MattB · 22 January 2008

Re: XAO Analysis

Hephaestus said:
Look at the LONG term XAO. Extend the troughs from 82, 91, 93, 95, 99 and 03 to find my REAL concern = 3200...

This is what I said a few pages back

seems a lot (most?) of the XAO charts are being looked at from extremely short term (3yr?) timeframes... well, what about the less aggressive uptrend that was happening for 20yrs before 2003? ....a return to that would mean 4500?

GreatPig · 22 January 2008

Re: XAO Analysis

This is what I have for the longer term trend, which is running at around 7% pa.

The blue line is currently about 4350, and the orange line about 3680.

GP

Gundini · 22 January 2008

Re: XAO Analysis

"3680" OMG

Better buy a bigger ute, or maybe a Tipper to cart all the shopping home at those prices... lol

Not that I think for a minute it isn't possible...

treefrog · 22 January 2008

Re: XAO Analysis

GreatPig said:
This is what I have for the longer term trend, which is running at around 7% pa.

The blue line is currently about 4350, and the orange line about 3680.

GP

good stuff oh great pig!

used the compatible L's for your axes too I see - Long term Vs Log scale - nice compact story - who needs words

Trembling Hand · 22 January 2008

Re: XAO Analysis

Here we go. Margin liquidation sale. Just getting dumped!!

Nyden · 22 January 2008

Re: XAO Analysis

Nyden said:
Watch the mass sellers come in before the close.

What's my prize? :

I really didn't expect it to plummet this much though! We're looking to hit 400 here, just wow.

Holders must really be feeling the pain

Sean K · 22 January 2008

Re: XAO Analysis

kennas said:
LOL.

I've called 3 of the last none so far. 5650 and 5400.

Now, definately, capitulation over at 5300.....

I'll be able to have this call in the forward of my next book, 'Calling the Bottom Successfully, with kennas'

Can I go 4 for 0?

Gundini · 22 January 2008

Re: XAO Analysis

And Dow Futures heading south again, maybe in the 500+ range soon.

DJIA INDEX 11,626.00 -480.00

Wayne seems to be able to get more accurate futures I notice after a few well timed postings last night.

Are they available to us meer mortals Wayne... lol

derty · 22 January 2008

Re: XAO Analysis

Nyden said:
Watch the mass sellers come in before the close.

Nice call! I'll give you a pat on the back (to collect just go and sit under the back end of a cow)

What did you base this on? hunch, experience or a some hard figures like the US futures?

Nyden · 22 January 2008

Re: XAO Analysis

derty said:
Nice call! I'll give you a pat on the back (to collect just go and sit under the back end of a cow)

What did you base this on? hunch, experience or a some hard figures like the US futures?

Not a hunch Was a bit of sarcasm really, as it's happened every day of the past 11!

My theory is; same reason the mornings differ from the middle of the day. People are all rushing for the door now before the close. Just as people were rushing for the door before the open. Based on an expected loss tomorrow, ugh, messy stuff.

chops_a_must · 22 January 2008

Re: XAO Analysis

Nyden said:
Not a hunch Was a bit of sarcasm really, as it's happened every day of the past 11!

My theory is; same reason the mornings differ from the middle of the day. People are all rushing for the door now before the close. Just as people were rushing for the door before the open. Based on an expected loss tomorrow, ugh, messy stuff.

Nah, it's to do with Margin Calls, which TH has pointed out, and trades off...

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