Australian (ASX) Stock Market Forum

XAO Technical Analysis

Jump to new
Re: XAO Analysis

tech/a said:
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.
Click to expand...

As I said on another thread, US futures rolled over after close. Nasdaq was killed thanks to AAPL. Friday swing low was not taken out.

Anyone looking at going long here for anymore than a very short term trade must have rocks in their heads. Tech and China are the last cards in the deck, and the US hasn't realised yet they may well be stuffed. I would be looking for a severely down day tomorrow in the US. What are people going to buy now? Even the market leaders appear stuffed, and all this mess is spreading to the 'sure things'.

In 87 there are three trading days that stand out. People might be well advised to look at them, and perhaps see where we might be in relation to that...:2twocents
 
Re: XAO Analysis

chops_a_must said:
As I said on another thread, US futures rolled over after close. Nasdaq was killed thanks to AAPL. Friday swing low was not taken out.

Anyone looking at going long here for anymore than a very short term trade must have rocks in their heads. Tech and China are the last cards in the deck, and the US hasn't realised yet they may well be stuffed. I would be looking for a severely down day tomorrow in the US. What are people going to buy now? Even the market leaders appear stuffed, and all this mess is spreading to the 'sure things'.

In 87 there are three trading days that stand out. People might be well advised to look at them, and perhaps see where we might be in relation to that...:2twocents
Click to expand...

Wise words from chops imo
 
Re: XAO Analysis

chops_a_must said:
As I said on another thread, US futures rolled over after close. Nasdaq was killed thanks to AAPL. Friday swing low was not taken out.

Anyone looking at going long here for anymore than a very short term trade must have rocks in their heads. Tech and China are the last cards in the deck, and the US hasn't realised yet they may well be stuffed. I would be looking for a severely down day tomorrow in the US. What are people going to buy now? Even the market leaders appear stuffed, and all this mess is spreading to the 'sure things'.

In 87 there are three trading days that stand out. People might be well advised to look at them, and perhaps see where we might be in relation to that...:2twocents
Click to expand...

Interesting that the only piece of good news that was expected on Tuesday (unless you expected a 75 bps fed rate cut) was taken negatively. AAPL down 13% in after market trade. And you can see why, 2Q08 forecast eps growth of just 8% for a stock that is trading at 40x earnings. Might get a nice suckers to sell into today.
 
Re: XAO Analysis

dhukka said:
Interesting that the only piece of good news that was expected on Tuesday (unless you expected a 75 bps fed rate cut) was taken negatively. AAPL down 13% in after market trade. And you can see why, 2Q08 forecast eps growth of just 8% for a stock that is trading at 40x earnings. Might get a nice suckers to sell into today.
Click to expand...

Yep. Might be a massive couple of days to get shorts on. I might need to stop by target.

If the market fades that open today, all hell will break loose.
 
Re: XAO Analysis

moXJO said:
Is there an RBA decision on rates at 11:30 today?
Click to expand...

Not unless is it an emergency meeting. CPI comes out today though which would normally gives an indication of where the RBA is headed on interest rates. However given the current situation they may stand pat in Feb.
 
Re: XAO Analysis

moXJO said:
Wow the flock is running full steam ahead this morn
Click to expand...

Yeah, we'll see a mass rally today - simply because I closed out of my final positions yesterday :p:

Oh well, I won't be re-buying any time soon, markets are headed for more turmoil if you ask me!
 
Re: XAO Analysis

lol I know this guy is probably joking but funny none the less.Probably what a lot of new traders are doing.

Im gonna max my credit card to the max to buy more today
Click to expand...

im gonna call my grannie and get a $10000 loan to make the most of the rise today
Click to expand...
 
Re: XAO Analysis

270 point jump on open coming up pump and dump or bargain hunters ?
 
Re: XAO Analysis

Gundini said:
BHP up nearly 8%

All green today it seems, relief for those finally!

33.400 +2.400 +7.742 %
Click to expand...

Current markets are a gamble, & I refuse to do that

Lost gains, perhaps, realised losses, a definite :p:
But, I'm convinced we're in for a case of 1 step forward, 2 steps back for a long time now.
 
Re: XAO Analysis

Nyden said:
Current markets are a gamble, & I refuse to do that

Lost gains, perhaps, realised losses, a definite :p:
But, I'm convinced we're in for a case of 1 step forward, 2 steps back for a long time now.
Click to expand...

Crazy - yesterday was the day I cashed in BHP.

The thought that this is a case of 1 step forward, 2 steps back is appealing. Maybe today is the day to sell and do the opposite of what the herd is doing.
 
Re: XAO Analysis

Yup - is definitely bouncing back waaaaay too quick for my taste.

I mean look at it rationally - the sum of all problems wasn't that the US Fed had their rates 0.75pts too high - so why would doing this all of a sudden make it shiny happy?

A few days of green but revisit to these lows and then a tad more within a short period.
 
Re: XAO Analysis

panikhide said:
Crazy - yesterday was the day I cashed in BHP.

The thought that this is a case of 1 step forward, 2 steps back is appealing. Maybe today is the day to sell and do the opposite of what the herd is doing.
Click to expand...

It'll all come down to what the dow does tonight, the unfortunate thing is; waiting until Wednesday was my original plan (waiting for earnings reports), but I decided to do it yesterday instead...guess emotion got the best of me.


No point in saying should've, could've... it's easy enough to say these things in hindsight, but that would have been gambling, & not investments.
 
Re: XAO Analysis

nikkothescorpio said:
I mean look at it rationally - the sum of all problems wasn't that the US Fed had their rates 0.75pts too high - so why would doing this all of a sudden make it shiny happy?
Click to expand...
The sum of all problems was that rates were too low in the first place.
 
Re: XAO Analysis

chops_a_must said:
The sum of all problems was that rates were too low in the first place.
Click to expand...

I've got a feeling today is just panic buying :D

All the punters trying to get back losses, & trying to jump on the new "bull" :rolleyes:

When do they release the figures on if China is actually being affected? That will be one of the true catalysts for our market, at least.

FTSE didn't rally this strong, sucker rally anyone?
 
Re: XAO Analysis

Looks like you're on the money Nyden, 20 minutes in to the days trade and XAO already up 300 points! I refuse to be fooled though, not going to be a sheep this time!
 
Top