XAO Technical Analysis
- Thread starter Sean K
- Start date
Whiskers
It's a small world
- Joined
- 21 August 2007
- Posts
- 3,266
- Reactions
- 1
Re: XAO Analysis
Just looking at the charts... the XMJ and XMM up over 3% helping push the XAO up to within 50 odd points, an easy days trade of 6,000.
Although it's been hugging the upper bollinger band, I'm not seeing any FA or TA to stop it going on a little bit further yet in this up leg.
From memory the EW's probably should be starting to swing less bearish re any final down leg... maybe zig zag sideways now eh?
Just looking at the charts... the XMJ and XMM up over 3% helping push the XAO up to within 50 odd points, an easy days trade of 6,000.
Although it's been hugging the upper bollinger band, I'm not seeing any FA or TA to stop it going on a little bit further yet in this up leg.
From memory the EW's probably should be starting to swing less bearish re any final down leg... maybe zig zag sideways now eh?
Nyden
G.E. Money Genie
- Joined
- 23 May 2007
- Posts
- 1,368
- Reactions
- 1
Re: XAO Analysis
Strange that there isn't more discussion here ...
We're nearly back at 6000! Why are we rallying so hard over these last couple of weeks? What's changed? Is the risk of a global downturn no longer there, or has the perception really just changed that much that everything is now OK?
Surely a lot of TA projecting 4800 is now out the window? I'm just really surprised as to not see any new analysis happening here. I really didn't expect it to hit near on 6000 so soon! End of the year ... maybe, but not in a matter of weeks, or even months - I guess I honestly expected it to bob' around the 5500 range for quite some time
Strange that there isn't more discussion here ...
We're nearly back at 6000! Why are we rallying so hard over these last couple of weeks? What's changed? Is the risk of a global downturn no longer there, or has the perception really just changed that much that everything is now OK?
Surely a lot of TA projecting 4800 is now out the window? I'm just really surprised as to not see any new analysis happening here. I really didn't expect it to hit near on 6000 so soon! End of the year ... maybe, but not in a matter of weeks, or even months - I guess I honestly expected it to bob' around the 5500 range for quite some time
Re: XAO Analysis
Not really, this thread has always been full of bears.
Oh dont worry they'll be back on here once we have our next 100pt down day, saying the world is going to collapse
Not really, this thread has always been full of bears.
Oh dont worry they'll be back on here once we have our next 100pt down day, saying the world is going to collapse
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,581
- Reactions
- 12,707
Re: XAO Analysis
I've reviewed the last 80 posts on this thread and there is scarcely a bearish post at all. The vast majority are neutral - i.e. looking to trade whichever direction it's heading.
I think your above post is unnecessarily antagonistic, not to mention inaccurate.
Niz,Not really, this thread has always been full of bears.
Oh dont worry they'll be back on here once we have our next 100pt down day, saying the world is going to collapse
I've reviewed the last 80 posts on this thread and there is scarcely a bearish post at all. The vast majority are neutral - i.e. looking to trade whichever direction it's heading.
I think your above post is unnecessarily antagonistic, not to mention inaccurate.
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
Re: XAO Analysis
You should have picked up on how things work around here by now Nyden! When the market goes up, people post in the small cap threads. When the market goes down, they come into the index/general market discussion threads
I'm with you expecting it to be range bound for quite awhile. Whilst it has run up pretty well recently, don't know that it is any sign that the good times are on their way back**
** get long folks, I'm a great fade!
You should have picked up on how things work around here by now Nyden! When the market goes up, people post in the small cap threads. When the market goes down, they come into the index/general market discussion threads
I'm with you expecting it to be range bound for quite awhile. Whilst it has run up pretty well recently, don't know that it is any sign that the good times are on their way back**
** get long folks, I'm a great fade!
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Re: XAO Analysis
We are still in a range, its just that the range is about 2000 points.
Boy! your gone negative on yourself recently Professor??
We are still in a range, its just that the range is about 2000 points.
Boy! your gone negative on yourself recently Professor??
professor_frink
Moderator
- Joined
- 16 February 2006
- Posts
- 3,252
- Reactions
- 5
Re: XAO Analysis
Na, no more than usual!
Prolly spending too much time in front of the screen at the moment!
As long as the intraday volatility stays as is, I'll be happy!We are still in a range, its just that the range is about 2000 points.
Na, no more than usual!
Prolly spending too much time in front of the screen at the moment!
- Joined
- 17 January 2007
- Posts
- 2,986
- Reactions
- 32
Re: XAO Analysis
.
Well we are certainly seeing some resistance here on the DOW & FTSE, so unless we get another dose of positive pontification from the bobble heads at the central banks and they start distributing exuberance pills en masse, we may get a pullback going into the weekend? The ascending wedges have been broken to the downside; end of reporting season; rating - on credit watch negative
I'll biteNot really, this thread has always been full of bears.
Oh dont worry they'll be back on here once we have our next 100pt down day, saying the world is going to collapse
.Well we are certainly seeing some resistance here on the DOW & FTSE, so unless we get another dose of positive pontification from the bobble heads at the central banks and they start distributing exuberance pills en masse, we may get a pullback going into the weekend? The ascending wedges have been broken to the downside; end of reporting season; rating - on credit watch negative
Re: XAO Analysis
LOL the comment was nothing more than tongue-in-cheek.
No need for a full blown investigation Mr. Moderator
LOL the comment was nothing more than tongue-in-cheek.
No need for a full blown investigation Mr. Moderator
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,581
- Reactions
- 12,707
Re: XAO Analysis
Keep up the tongue in cheek stuff though, with some practice, you might become good at it one day.
I'll take that as a face-saving climb down then.LOL the comment was nothing more than tongue-in-cheek.
No need for a full blown investigation Mr. Moderator
Keep up the tongue in cheek stuff though, with some practice, you might become good at it one day.
- Joined
- 16 February 2008
- Posts
- 2,906
- Reactions
- 2
Re: XAO Analysis
I have actually found it's pretty much a wash between the XFJ and the XMJ at the moment.
XSO has been going absolutely nowhere fast in this recent little run, with little volatility.
When the market goes up, people post in the small cap threads. When the market goes down, they come into the index/general market discussion threads
I have actually found it's pretty much a wash between the XFJ and the XMJ at the moment.
XSO has been going absolutely nowhere fast in this recent little run, with little volatility.
- Joined
- 16 February 2008
- Posts
- 2,906
- Reactions
- 2
Re: XAO Analysis
On another note, has anybody seen any sentiment polls lately?
The one I find most useful and comes out each Monday, to my surprise after this recent run lately, has the bears out in force still, at over 45%!
On another note, has anybody seen any sentiment polls lately?
The one I find most useful and comes out each Monday, to my surprise after this recent run lately, has the bears out in force still, at over 45%!
MichaelD
Not fooled by randomness
- Joined
- 7 December 2005
- Posts
- 912
- Reactions
- 2
Re: XAO Analysis
Resistance Mr. Market? Bah! Never heard of it.
The bears might be screaming but the market over here sure isn't listening and my system is giving pyramid signal after pyramid signal.
ps no doubt this post will trigger a major downwards movement in the market.
All I read about is how terrible things are. Mark Hulbert in the US is fond of writing about the contrarian viewpoint and how the bears are firmly in control of the sentiment - and how this is in fact compellingly bullish. It interests me that whenever he writes along these lines that he gets howls of discontent from his readers...and yet all I can see is a series of higher highs and higher lows over here.On another note, has anybody seen any sentiment polls lately?
The one I find most useful and comes out each Monday, to my surprise after this recent run lately, has the bears out in force still, at over 45%!
Resistance Mr. Market? Bah! Never heard of it.
The bears might be screaming but the market over here sure isn't listening and my system is giving pyramid signal after pyramid signal.
ps no doubt this post will trigger a major downwards movement in the market.
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Re: XAO Analysis
That's alright you have till tomorrow arvo, about 2 O'clock i reckon.
ps no doubt this post will trigger a major downwards movement in the market.
That's alright you have till tomorrow arvo, about 2 O'clock i reckon.
wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,581
- Reactions
- 12,707
Re: XAO Analysis
Chuck in the weak (bear) hands that don't want to miss a rally and it's all up until new info comes to hand.
Yep, there is simply a dearth of sellers. Anyone who is going to sell based on the current fundamentals, already has done; hence the market trickles upwards.All I read about is how terrible things are. Mark Hulbert in the US is fond of writing about the contrarian viewpoint and how the bears are firmly in control of the sentiment - and how this is in fact compellingly bullish. It interests me that whenever he writes along these lines that he gets howls of discontent from his readers...and yet all I can see is a series of higher highs and higher lows over here.
Resistance Mr. Market? Bah! Never heard of it.
The bears might be screaming but the market over here sure isn't listening and my system is giving pyramid signal after pyramid signal.
ps no doubt this post will trigger a major downwards movement in the market.
Chuck in the weak (bear) hands that don't want to miss a rally and it's all up until new info comes to hand.
- Joined
- 16 February 2008
- Posts
- 2,906
- Reactions
- 2
Re: XAO Analysis
Yes, that is my point.
At these levels, I thought the poll may turn more bullish this week (signalling it's time for a fall), but to my surprise the bears are still kicking! May be some room to run yet..........though I would imagine 6000 a huge milestone to break and hold for a while!
Yes, that is my point.
At these levels, I thought the poll may turn more bullish this week (signalling it's time for a fall), but to my surprise
the bears are still kicking! May be some room to run yet..........though I would imagine 6000 a huge milestone to break and hold for a while!
- Joined
- 16 February 2008
- Posts
- 2,906
- Reactions
- 2
Re: XAO Analysis
Hey, enough of the teasing, I'm waiting for some funding to go through to my IB account so I can take advantage of some of these US power set-ups!
Good analysis, only one I'm not so sure on is the oil, I am looking for some kind of a retracement from these levels. On that note, a friend came to me today and asked how he could invest in oil and whether he should open a futures account to do so.........oh no!
Hey, enough of the teasing
, I'm waiting for some funding to go through to my IB account so I can take advantage of some of these US power set-ups!Good analysis, only one I'm not so sure on is the oil, I am looking for some kind of a retracement from these levels. On that note, a friend came to me today and asked how he could invest in oil and whether he should open a futures account to do so.........oh no!