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XAO Technical Analysis

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Re: XAO Analysis

skuld said:
Umm, so what happened today? Anyone care to explain and provide charts?
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What always happens. SPI traders pushing and pulling, today right on schedule they PUSHED.
 

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Re: XAO Analysis

My Crystal ball only sees a couple of sessions ahead. BUT I'm guessing a rise for tomorrow morning session then a roll over in the arvo. Deja' vu like.
 
Re: XAO Analysis

Trembling Hand said:
My Crystal ball only sees a couple of sessions ahead. BUT I'm guessing a rise for tomorrow morning session then a roll over in the arvo. Deja' vu like.
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Heh3x ... hope the big players use the same crystal ball as yours, TH. And thanks for the chart.
 
Re: XAO Analysis

Uncle Festivus said:
Hey, what time will the dog roll over? Within 1/2 an hr now ;):D 14:20 was the spot today?
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Hard to tell Uncle. Been flogging the crystal ball pretty hard lately. Its getting all grumpy. But if I threaten to use the cheap windex on it its saying either 12:13 or 3:12 or is that 12 to 3. :freak3::dunno:
 
Re: XAO Analysis

So, where's it going next week?

Obvious answer is further down, but im seeing some volume on ym, er2 and dax that makes me a bit unsure. Dx, gold and oil have paused.

Anyone want to say 'up' by next weekend?
 
Re: XAO Analysis

Broadway,
I'll go with up, think it has retraced to a little patch of short term support. maybe down on monday then up for the rest of the week.

But my star guide could well be upside down.
 
Re: XAO Analysis

kennas said:
LOVE to see an EW perspective of what HAS been....

LOL

:)
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I second that kennas.

I tried to pry out a commentry from one on the 20th, but no luck so far.

I suspect it's anxious times insofar as if the market turns up for another leg this week, as I expect, the worst case scenerio's will have to be revised and turn all eyes to the up side. :D

From 20th May:

Whiskers said:
I'm looking at the weekly chart and I reckon, looking at the standard deviatian channel, we could have a minor correction back to 5,800'ish also, and still be in uptrend, then push on for one more leg up well into the 6,000's in this move.

From my untrained EW eye, that would then look like the completion of 5 waves up... and pretty much set us up for a sideways/up trend to continue.
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Re: XAO Analysis

Whiskers said:
I suspect it's anxious times insofar as if the market turns up for another leg this week, as I expect, the worst case scenerio's will have to be revised and turn all eyes to the up side.
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Well I don't do waves so I can't help you. But my crystal ball tells me the index is going sideways for a while: miners up, banks down and everyone else in between. Anything with financial or US exposure is highly sus, but if the supercycle is true those miners are never going to get any cheaper.:cool:
 
Re: XAO Analysis

wildkactus said:
Broadway,
I'll go with up, think it has retraced to a little patch of short term support. maybe down on monday then up for the rest of the week.

But my star guide could well be upside down.
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Nope, your star guide is spot on.
Dx just made a bottom, gold has collapsed and all the indexes are behaving like we won't be down here again for a long time.

Nice call, do come back and let us know when we hit top - cheers.:cool:
 
Re: XAO Analysis

Broadway said:
Nope, your star guide is spot on.
Dx just made a bottom, gold has collapsed and all the indexes are behaving like we won't be down here again for a long time.
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Maybe I am watching some different charts to you? I mean sure the DJ is up a little, USD is up, gold is down, oil is down. I just don't see any reason to call a bottom at this stage.
 
Re: XAO Analysis

Broadway said:
Nope, your star guide is spot on.
Dx just made a bottom, gold has collapsed and all the indexes are behaving like we won't be down here again for a long time.
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A long time?

Slip sliding away, slip sliding away
You know the nearer your destination
The more you're slip sliding away:D
 
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