XAO just about to meet the 200dma, which is sitting a touch below 6100.
Should be interesting to see what happens next week.
are you sure about 6100? Commsec S**** software is showing a touch below 6200.... could you please confirm?
Depends on what you use. I have the Simple 200 MA is at 6080ish and Its already over with ease the Exponential 200 MA @ 5910ish.
Missed it by 45 min there TH, not too shabby thoughThat's alright you have till tomorrow arvo, about 2 O'clock i reckon.
That's alright you have till tomorrow arvo, about 2 O'clock i reckon.
Missed it by 45 min there TH, not too shabby though.
Yes sorry Uncle. My crystal ball indicator was slightly out yesterday. After I gave it a good polish it told me that the entry was @ 2:00 on the first lower high.
When your manipulating the market you gotta take your opportunities hey!
Opinions on the market?Some will be correct for part of the time while the rest will be wrong.So what about this opinion-
"But some fund managers are wary about the market's heady gains.
"From here on, I find it hard to expect much more out of the market," said Robert Hook, portfolio manager at SG Hiscock & Co. "One risk is a reality check in terms of profit announcements when we get into the reporting season."
http://au.biz.yahoo.com/080516/19/1qtu3.html
Opinions on the market?Some will be correct for part of the time while the rest will be wrong.So what about this opinion-
"But some fund managers are wary about the market's heady gains.
US investors have largely ignored the diabolical trend in earnings. Looking deeper into the psychology of the market, folks seem to think - yes, earning are crap, but this is the bottom (in earnings) and we will buy now, ready for the next great earnings season.
Is anyone able to post a chart of the XAO or XJO without BHP, RIO, SGB or WPL included ie 'situation' stocks? Interesting to see what the rest of the market is doing?
Just had a quick look at XAO. Its RSI is sitting at 71.84, anything over 70 is considered overbought and it's at the top of the Bollinger Band. A sell off might be in the wings here. Will commodities lead the charge down?
How can you seriously analyse the XAO as a whole?
Bear for life ey, Uncle?
Keep up the good work
I dont know the answer to your question but I do recall I think 2006 when the XAO rose ~20% and the return without resources was about 3-4%.
So its definately not a new phenomenon.
Just imagine where we would be now if the banks were running!
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