Hi Kauri
I'm a little confused. Are you saying that your prediction is that after these 'steps' down on the XAO from the highs in November to the level we are at today will be followed a trip into the 'Eddy Groves zone' before a massive bounce that starts in April and continues until June, which is based on the collective psychology of investors?Or is there something more to it?
I think I can interpret, Kauri is saying if you are a duck laying on your back on the road you are "A dead duck"
Hi Kauri
I'm a little confused. Are you saying that your prediction is that after these 'steps' down on the XAO from the highs in November to the level we are at today will be followed a trip into the 'Eddy Groves zone' before a massive bounce that starts in April and continues until June, which is based on the collective psychology of investors?
Or is there something more to it?
a chart I posted a couple of months back.. (note that the levels are not important.. it is the psychology that is the point....)
Cheers
........Kauri
Really? I thought the attention might be on the mother duck and that the message was stay off the road, even if there is something on the road that you really want. Alternatively, maybe there is a right time to get what you want from the road and it's just a question of knowing when it safe to step out there.
Or maybe we shouldn't be using analogies to try to predict the market's direction.
Hi Panikhide
Please ignore my flippant comments just trying to engage Kauri's excellent humor
This afternoon will be interesting to see if we get a kick up late from the shorts who don't want to hold over the weekend (Nick Radges point).
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Whiskers I think for any move up we have to smash through the 5578 area (over head resistance) which would then provide the rallies to be shorted again, in the mean time I expect more churn, primary trend is down.
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Lets see what happens this afternoon.
Hang on for the whiplash this arvo!
Anyone notice the US futures, fwiw this far out!
It's okay. I'm not taking it that seriously - just trying to (a) understand where he thinks the market is going and (b) have some fun with the duck logic (although I must point out that I do like my analysis about picking the right time to step onto the road).
Apologies to those who just want to focus on the XAO.
What about them?? They are flat.
Would have to assume Wavepickers 11 March decision point will be a LOW.
2 trading days. Wonder if 4800 is possible?
The laws of gravity applies even to the stock market ... With the fuel gone (cheap debt), so has the bull run.
Has anyone actually had a look at a weekly or monthly chart of XJO?
Anyone still shorting the financial sector? It just continues to implode and generate cash for all riding this short trend all the way to the bottom!
When ( not if ) the commodities bubble bursts, we will find out the true low of the market ...
Too low to short... conditions are slightly oversold...
Too uncertain to long... medium trend is still down...
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