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Re: XAO Analysis
Great contribution, thanks Nick.
Great contribution, thanks Nick.
XAO Technical Analysis
- Thread starter Sean K
- Start date
Re: XAO Analysis
I thought last week was fairly interesting.
At the start of the week the USD made a bottom, which in the past few months has meant a rally in equity markets in Aus and overseas. (remember mid-march and mid-april?)
Well, the rest of the world kept to this script and climbed most of the week.
But the xao got pressured from falling base metals and oil, ending down.
So the xao seems to have decoupled from the world for a while, and I think this theme will keep going.
So my crystal ball is telling me the XAO will be heading UP for this week coming, especially because copper, bhp and the spi all seem to have increased volume on friday. (and the spi tried to climb friday night as well.)
As for the rest of the world I see them heading down over the next few days, mainly because the usd looks to be turning down, and us bonds looked to have turned up.
Anyone else agree or disagree? Feel free to comment.
I'm only commenting for 1 week ahead. I'm sure there will be another correction in the next 6 months, but what interests me is the next week coming.
Have a good week.
I thought last week was fairly interesting.
At the start of the week the USD made a bottom, which in the past few months has meant a rally in equity markets in Aus and overseas. (remember mid-march and mid-april?)
Well, the rest of the world kept to this script and climbed most of the week.
But the xao got pressured from falling base metals and oil, ending down.
So the xao seems to have decoupled from the world for a while, and I think this theme will keep going.
So my crystal ball is telling me the XAO will be heading UP for this week coming, especially because copper, bhp and the spi all seem to have increased volume on friday. (and the spi tried to climb friday night as well.)
As for the rest of the world I see them heading down over the next few days, mainly because the usd looks to be turning down, and us bonds looked to have turned up.
Anyone else agree or disagree? Feel free to comment.
I'm only commenting for 1 week ahead. I'm sure there will be another correction in the next 6 months, but what interests me is the next week coming.
Have a good week.
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Re: XAO Analysis
Re Index intraday live data .....
can anyone advise if the indices (XAO, XJO, etc) are dynamic live calculation feeds from the ASX or are they snapshots.
I'm looking at a particular live feed and the XJO update is at 30seconds intervals.
Need to work out if the indices calculated at this rate or whether it is determined by your data provider.
Re Index intraday live data .....
can anyone advise if the indices (XAO, XJO, etc) are dynamic live calculation feeds from the ASX or are they snapshots.
I'm looking at a particular live feed and the XJO update is at 30seconds intervals.
Need to work out if the indices calculated at this rate or whether it is determined by your data provider.
Trembling Hand
Can be found on the bid
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Trembling Hand
Can be found on the bid
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Re: XAO Analysis
Who cares?? They are not tradable. If you want a leading indicator have a look at futures. Ever Exchange is diff ASX every 30 secs on the min and 1/2 min. US exchanges every 15 sec.
Who cares?? They are not tradable. If you want a leading indicator have a look at futures. Ever Exchange is diff ASX every 30 secs on the min and 1/2 min. US exchanges every 15 sec.
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Re: XAO Analysis
Only interested in ASX, so if it's 30sec it answers my query.
thx
Only interested in ASX, so if it's 30sec it answers my query.
thx
Whiskers
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Re: XAO Analysis
Well, just looking at my indicators... I think I can safely call leg 4, iv, d, or whatever, done and the kick on for leg 5, v, e, or whatever, is underway.
PS: Woops, one of them just went away.
Some nervous traders not wanting to hold overnight.
Well, just looking at my indicators... I think I can safely call leg 4, iv, d, or whatever, done and the kick on for leg 5, v, e, or whatever, is underway.
PS: Woops, one of them just went away.
Some nervous traders not wanting to hold overnight.
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Whiskers
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Re: XAO Analysis
Sounds about right to me.
But the brits and yanks aren't doing us any favors yet.
A bit of a slow start. Mondayitis I think.
After they come back from lunch they should wake up and get going.
Interesting chart after today in relation to its retracement zone.
If it holds above approx 5790 then I think my count is valid.
6400 next ?
My
Mike
.
Sounds about right to me.
But the brits and yanks aren't doing us any favors yet.
A bit of a slow start. Mondayitis I think.
After they come back from lunch they should wake up and get going.
Re: XAO Analysis
They sure got going. Lunch in the US and DOW went from -150 to -200 within 15min.
They sure got going. Lunch in the US and DOW went from -150 to -200 within 15min.
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
It looks as though credit crunch phase II is getting underway; US & UK financials in a spot of bother. This will impact.
It looks as though credit crunch phase II is getting underway; US & UK financials in a spot of bother. This will impact.
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
I don't see anything too serious on the equity indices, but treasuries look very soft.
I don't see anything too serious on the equity indices, but treasuries look very soft.
theasxgorilla
Problem solved... next bubble.
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wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
No, but it's very grim on the High Street.
ref: Bradford and Bingley are in deep sh!te. http://business.timesonline.co.uk/t...ectors/banking_and_finance/article4047716.ece
No, but it's very grim on the High Street.
ref: Bradford and Bingley are in deep sh!te. http://business.timesonline.co.uk/t...ectors/banking_and_finance/article4047716.ece
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
More:
http://www.marketwatch.com/news/sto...x?guid={C36129D1-6EA6-4357-9869-51413980BC53}
More:
http://www.marketwatch.com/news/sto...x?guid={C36129D1-6EA6-4357-9869-51413980BC53}
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Re: XAO Analysis
It's a bit early. The curtain goes up on phase II in around July-August. This is just the orchestra tuning up.
We should get a good bit of fall out, but if the housing market turns here like everywhere else, we'll soon find out if they are as good as we've been told they are. Watch the XFJ!
It's a bit early. The curtain goes up on phase II in around July-August. This is just the orchestra tuning up.
We should get a good bit of fall out, but if the housing market turns here like everywhere else, we'll soon find out if they are as good as we've been told they are. Watch the XFJ!
Whiskers
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Re: XAO Analysis
Well, as they say... if you want a job done well ya gotta do it yourself.
I agree with the more recent part of Boggo's count and his projection.
It seems to me that the leg 5 target is 6258 minimum.
PS: I charted up on my med/long term chart which does not include Fridays action, not the daily/short term one that I got my initial false start signal from.
The yellow line is the long term Standard Deviation Line that I initially figured into my support base.
LOVE to see an EW perspective of what HAS been....
LOL
Well, just looking at my indicators... I think I can safely call leg 4, iv, d, or whatever, done and the kick on for leg 5, v, e, or whatever, is underway.
PS: Woops, one of them just went away.
Some nervous traders not wanting to hold overnight.
Well, as they say... if you want a job done well ya gotta do it yourself.
(From post and DJIA chart on Immiment and Severe Market thread.)
... and I think I may have worked it out. :bananasmi
What I am thinking is the US finished a 5 leg up and had a little corrective wave A, B, C... which stretched out the XAO wave 4.
I reckon we've finally hit bottom for awhile again... and I have a theory why some other counts are wrong.
I know I'm a brilliant student...
I agree with the more recent part of Boggo's count and his projection.
It seems to me that the leg 5 target is 6258 minimum.
PS: I charted up on my med/long term chart which does not include Fridays action, not the daily/short term one that I got my initial false start signal from.
The yellow line is the long term Standard Deviation Line that I initially figured into my support base.
Attachments
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
Whiskers...can wave 4 overlap the top of wave 1?
Whiskers...can wave 4 overlap the top of wave 1?