XAO Technical Analysis
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chops_a_must
Printing My Own Money
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Re: XAO Analysis
Hmmm...If that was a futures chart, I would be looking at going long in the very near term...looking at a swing back. Very very conflicted here. The only precedent appears to be the 87 falls, which lasted about a month. This has lasted about a month since the December breakdown. But 87 was straight down with only a brief break before breaking down again. But now looks like an ending diagonal to the downside is forming. If Europe doesn't rally to a significant gain, I will say it has further to fall, if it does, I'm going to have to seriously consider my only open short.
Some almighty gap fills in Europe going on...
Was thinking we might open the US in a circuit breaker, but that seems unlikely now.
I really don't need this the day out from a holiday! Lol!
Hmmm...If that was a futures chart, I would be looking at going long in the very near term...looking at a swing back. Very very conflicted here. The only precedent appears to be the 87 falls, which lasted about a month. This has lasted about a month since the December breakdown. But 87 was straight down with only a brief break before breaking down again. But now looks like an ending diagonal to the downside is forming. If Europe doesn't rally to a significant gain, I will say it has further to fall, if it does, I'm going to have to seriously consider my only open short.
Some almighty gap fills in Europe going on...
Was thinking we might open the US in a circuit breaker, but that seems unlikely now.
I really don't need this the day out from a holiday! Lol!
tech/a
No Ordinary Duck
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Nyden
G.E. Money Genie
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Re: XAO Analysis
SPI 200 is 6 pts up, could we finally see the end of bloodshed tomorrow? Of course we will, as I just sold. The ultimate indicator! Only kidding
SPI 200 is 6 pts up, could we finally see the end of bloodshed tomorrow? Of course we will, as I just sold. The ultimate indicator! Only kidding
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
Today is my birthday. So I'll have little trouble remembering the day it all happened back in 2008. Woke up not too long ago with some elephant running around in my head crashing into things after being out 'dancing' and such last night to see this. Totally amazing. So, I suppose we were just following the US again right Dhukka? Eventually people will get it.
Today is my birthday. So I'll have little trouble remembering the day it all happened back in 2008. Woke up not too long ago with some elephant running around in my head crashing into things after being out 'dancing' and such last night to see this. Totally amazing. So, I suppose we were just following the US again right Dhukka?
Eventually people will get it.
>Apocalypto<
20.03.2012
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Re: XAO Analysis
hmmm as well the eur/usd and usd/chf show signs aswell i have noticed, if un influenced by news. usdchf weakening and eurusd strengthening. London shows a small demand for risk!
hmmm as well the eur/usd and usd/chf show signs aswell i have noticed, if un influenced by news. usdchf weakening and eurusd strengthening. London shows a small demand for risk!
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Re: XAO Analysis
would you mind to tell me where you can get the historical chart, cos i can only get the historical price from yahoo? thanks a lot
would you mind to tell me where you can get the historical chart, cos i can only get the historical price from yahoo? thanks a lot
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Re: XAO Analysis
i am quite new, would you mind to tell me some basic stuff, many thanks.
1. where can i find out the future index, cos somebody said it drop more than 600 now, but i don't know where to find it, and what is the name of that index
2.how to short dow or xao
sorry for the basic question, and thanks again
i am quite new, would you mind to tell me some basic stuff, many thanks.
1. where can i find out the future index, cos somebody said it drop more than 600 now, but i don't know where to find it, and what is the name of that index
2.how to short dow or xao
sorry for the basic question, and thanks again
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Re: XAO Analysis
I buy EOD data from Paritech and real-time data from eSignal - I use Metastock to chart with. That's what you're seeing in my post. I'm sure there would be some basic free stuff available online but I just don't know where. Maybe someone else knows?
I buy EOD data from Paritech and real-time data from eSignal - I use Metastock to chart with. That's what you're seeing in my post. I'm sure there would be some basic free stuff available online but I just don't know where. Maybe someone else knows?
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tech/a
No Ordinary Duck
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Re: XAO Analysis
Happy Birthday ASXG, funny that even though the US wasn't open last night people are still blaming them because of the credit crunch etc. What's the bet if the US rallies on a rate cut people will be saying it's unfair because we sold down further than the US?
Today is my birthday. So I'll have little trouble remembering the day it all happened back in 2008. Woke up not too long ago with some elephant running around in my head crashing into things after being out 'dancing' and such last night to see this. Totally amazing. So, I suppose we were just following the US again right Dhukka?
Happy Birthday ASXG, funny that even though the US wasn't open last night people are still blaming them because of the credit crunch etc. What's the bet if the US rallies on a rate cut people will be saying it's unfair because we sold down further than the US?
Lucky_Country
Formerly known as ijh
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Re: XAO Analysis
When will we see a rate cut ?
Do we have too wait till the 29th Jan or as early as tonight from the fed ?
When will we see a rate cut ?
Do we have too wait till the 29th Jan or as early as tonight from the fed ?
Nyden
G.E. Money Genie
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Re: XAO Analysis
Hmmm, Channel 10 has turned a little bearish.
I keep hearing 100 billion wiped off Aus market, and it's not over yet
Could that affect the average mom & dad sellers tomorrow? I believe so.
Hmmm, Channel 10 has turned a little bearish.
I keep hearing 100 billion wiped off Aus market, and it's not over yet
Could that affect the average mom & dad sellers tomorrow? I believe so.
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Re: XAO Analysis
It may seem hard to grasp because most of the people in this forum have been discussing this possibility for some time but the geberal public have only just begun to realise that the market is going down. Everyone is adding fuel to the fire, most of all the media. I can't see it going anywhere but south for a while. It's a classic case of panic selling and common sense has been thrown to the wind.
Try shouting "fire" in a crowded room and see what happens. The panic has set in and the stampede is gathering momentum.
Anyway I had some good advice from my mum today after she watched the news. "be careful in the share market and it pays to always listen to the abc to know what's going on".
I didn't have the heart to tell her that by the time you hear it on the abc it's too late
If the truth be known, what is to stop the DOW dumping around 1100 points, or a tad over 10%. A lot of our stock closed 10% + down, majors, and the DOW futures are abysmal... Key support is bound to be smashed, around 12000, and I would consider the next major key level to be 11000.
Anyone disagree? The timing is right, the futures are saying it, while I don't believe it, it is their Monday (1st day of the week). What's going to stop it?
PPT?
It may seem hard to grasp because most of the people in this forum have been discussing this possibility for some time but the geberal public have only just begun to realise that the market is going down. Everyone is adding fuel to the fire, most of all the media. I can't see it going anywhere but south for a while. It's a classic case of panic selling and common sense has been thrown to the wind.
Try shouting "fire" in a crowded room and see what happens. The panic has set in and the stampede is gathering momentum.
Anyway I had some good advice from my mum today after she watched the news. "be careful in the share market and it pays to always listen to the abc to know what's going on".
I didn't have the heart to tell her that by the time you hear it on the abc it's too late
Re: XAO Analysis
This is interesting. If we add an extension to the head and shoulders target we come within 2 points of price stopping at the target.
I saw this technique in one of Martin pring's books and he showed some fine examples. Could be something to it.
Now if this latest target is breached significantly the next move would expectedly take us to 4602 on the XJO, according to this type of measuring. Cheers.
This is interesting. If we add an extension to the head and shoulders target we come within 2 points of price stopping at the target.
I saw this technique in one of Martin pring's books and he showed some fine examples. Could be something to it.
Now if this latest target is breached significantly the next move would expectedly take us to 4602 on the XJO, according to this type of measuring. Cheers.
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rub92me
Don't look back
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Re: XAO Analysis
So maybe we've overdone the crash a bit in Australia. XAO down almost 10% in 2 days and the Dow down about 1.2 %. Will be some interesting gap-ups today I think
So maybe we've overdone the crash a bit in Australia. XAO down almost 10% in 2 days and the Dow down about 1.2 %. Will be some interesting gap-ups today I think
>Apocalypto<
20.03.2012
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Re: XAO Analysis
I see a rally today fellas. US did what i thought would happen a futures recovery off the lows!
I see a rally today fellas. US did what i thought would happen a futures recovery off the lows!
tech/a
No Ordinary Duck
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Re: XAO Analysis
There are 2 ways to bleed to death.
Catastrophic trauma or Slow prolonged Haemoraging.
Throwing a band aid on a catastrophic trauma victim isn't going to do much.
Even a .75% rate cut couldn't pull up the prolonged move down.
This week is report week and figures are expected to reflect the true state of the US economy---and that's NOT a bright optimistic out look.
STILL closing off 128 points,US traders must have thought it Xmas being able to get out of longs without too much damage.
If you think its all over---your gambling.
There are 2 ways to bleed to death.
Catastrophic trauma or Slow prolonged Haemoraging.
Throwing a band aid on a catastrophic trauma victim isn't going to do much.
Even a .75% rate cut couldn't pull up the prolonged move down.
This week is report week and figures are expected to reflect the true state of the US economy---and that's NOT a bright optimistic out look.
STILL closing off 128 points,US traders must have thought it Xmas being able to get out of longs without too much damage.
If you think its all over---your gambling.