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XAO Technical Analysis

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Re: XAO Analysis

wahoo said:
As well as the good news though:

Starts are down 28.5% compared with February 2006.
Building permits, which are not as affected by weather, fell 2.5% in February


Here's an interesting EW vid 'bout real estate and the correction - talks about it peaking in mid late 2005. Also parallels subprime peak the previous year

http://www.youtube.com/watch?v=0PufPdUfhKA
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Where can I get an Elliott Wave Analysis of Perth Housing Prices?
 
Re: XAO Analysis

Interesing that the US is up again over night...strong bar, open at low, close at high...and our market is up, but still struggling to push through 5900. Early days yet.

Are we expectinig data or something today in Aust?
 
Re: XAO Analysis

XAO closing down around it's lows for the second day running...relatively strong resistance at 5900...additional resistance being provided by the 2x1.
 

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Re: XAO Analysis

Thanks Gorilla, finally something interesting to look at!

Cheers,
 
Re: XAO Analysis

wahoo said:
Ummmm...... I can give u a swell report - 2.1m @ rotto :D
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They have houses on Rottnest now?, not just those indestructable looking concrete bunker things that you could rent?

As for data. I know that the US Fed will give it's views on inflation and rates.
No-one expects the Fed to lower rates though.
 
Re: XAO Analysis

G'day All,

I realise this could be a bit simplistic but could an ascending triangle be forming?
I don't have the skills of the more seasoned T/A people, but found this interesting so I thought I would post it anyway.
 

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Re: XAO Analysis

US & EU markets were flat this morning ahead ofthe Fed. However the US Fed just made his announcement (he is truly a god)- 'to keep rates steady' wihc was expected, but the surprise was that he did not express his usual bias to tighten. Markets reacted positively - all green to go.
 
Re: XAO Analysis

The last two times in this current dip that we had wide ranging days (in red boxes) the following day the market couldn't hold them and completely reversed, forming important swing points... will it happen again today-tomorrow?? A short of the ASX200 from todays highs may be interesting...
 

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Re: XAO Analysis

nomore4s said:
G'day All,

I realise this could be a bit simplistic but could an ascending triangle be forming?
I don't have the skills of the more seasoned T/A people, but found this interesting so I thought I would post it anyway.
Click to expand...

It was on the daily and it broke it today great another saw it too!!
 
Re: XAO Analysis

Kauri said:
The last two times in this current dip that we had wide ranging days (in red boxes) the following day the market couldn't hold them and completely reversed, forming important swing points... will it happen again today-tomorrow?? A short of the ASX200 from todays highs may be interesting...
Click to expand...

Did you go Short?? options or CFD's?

If you did when did you place it cuz i see high was on the close.
 
Re: XAO Analysis

Kauri said:
The last two times in this current dip that we had wide ranging days (in red boxes) the following day the market couldn't hold them and completely reversed, forming important swing points... will it happen again today-tomorrow?? A short of the ASX200 from todays highs may be interesting...
Click to expand...

Looks like it's might be choppy from here on until the real end. :rolleyes:
 
Re: XAO Analysis

Resistance at the 1x1. In Gann, price action on the high side of the 1x1 as drawn from the previous major peak (in my application of this tool) starts to suggest that we should be looking long for our next trade(s)...but as it stands it's providing resistance...it might turn price around here and co-incide with the conclusion of the Elliott Wave corrective of the corrective count.

Time will tell, it always does.
 

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Re: XAO Analysis

Trade_It said:
Did you go Short?? options or CFD's?

If you did when did you place it cuz i see high was on the close.
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Trade It
No,what I posted was only an observation, for me there was and still is nowhere enough meat on the bone to warrant a trade either way. Still waiting for it to decide which direction it is going to take. Where did you take your longs, and why?
Cheers
Kauri
 
Re: XAO Analysis

Kauri said:
Trade It
No,what I posted was only an observation, for me there was and still is nowhere enough meat on the bone to warrant a trade either way. Still waiting for it to decide which direction it is going to take. Where did you take your longs, and why?
Cheers
Kauri
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Hi Kauri,

Went long just after second sell off 4 days ago cuz it confirmed short term upward support line broke my resistance line, and had volume day after sell off, obv was directed up.

Enough for me!

On the 19th were i entered it is a long way back to 5750 XJO i have tight stops and no probs with a re enter.

Plus the continuation pattern i saw was confirmed yesterday so
I am am still holding 5900 in my support. (yet to be seen though!)

I was worried you went short yesterday was not sure how that would turn out.

God it is quiet today!! calm before a storm or just a buyer break!! :D
 
Re: XAO Analysis

Well things looking red today US fell slightly off the horse.

Not going to be a bear yet, but i have dropped anything that is leveraged over the XJO.

But my share CFD's are not looking two bad in pre open.

Thoughts Guys back to shaky ground?
 
Re: XAO Analysis

Oil is high
Gold is high
Israel issued travel warning
Iran took British soldiers
US moving more aircraft carriers
Bush is in trouble both in senate and in house...

Looks like something is going to happen. The question is when?
 
Re: XAO Analysis

mmmmining said:
Oil is high
Gold is high
Israel issued travel warning
Iran took British soldiers
US moving more aircraft carriers
Bush is in trouble both in senate and in house...

Looks like something is going to happen. The question is when?
Click to expand...
Teetering on the edge. See Middle East disaster thread for article on US build up on Iranian border. Probably nothing, but :eek: , Iran is much more capable than Iraq was.....

But, aren't wars good for the economy?
 
Re: XAO Analysis

The ASX barely blipped Tuesday and today Wednesday only 40 points down. :eek: Im impressed.

The US Fed Chairman is set to make an economy statement today. He will ramp it, my guess.
 
Re: XAO Analysis

mmmmining said:
Oil is high
Gold is high
Israel issued travel warning
Iran took British soldiers
US moving more aircraft carriers
Bush is in trouble both in senate and in house...

Looks like something is going to happen. The question is when?
Click to expand...


There is some speculation circulating around the traps that the US or Israel is going to have a swipe at Iran in April...
 
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