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XAO Technical Analysis

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Re: XAO Analysis

wayneL said:
I wouldn't call it a capitulation low, but buyers certainly jumped all over it. At least some sort of rally looks like it's on the cards.

Interesting, certainly in view of POO & POG.
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I'm 20 minutes delayed here but the SPY looks like it might give the low at 1257 a crack before too long!
 
Re: XAO Analysis

theasxgorilla said:
I'm 20 minutes delayed here but the SPY looks like it might give the low at 1257 a crack before too long!
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Sheesh! I drop missus off for an appointment in town (bad idea at peak hour in Cheltenham :eek:) and the market turns to crap by the time I get back!

Big, fast swings there. :eek:
 
Re: XAO Analysis

Could this be the bottom? Time will tell...
 

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Re: XAO Analysis

Everybody around the world are looking for the big bounce.
And when everybody is thinking it will happen, it probably won't happen. So chill out guys.
 
Re: XAO Analysis

Love it. Any of the "We follow the DOW" boys like to explain today's and yesterdays nasty falls INSPITE of the DOW action?????????

:sheep:
 
Re: XAO Analysis

Trembling Hand said:
Love it. Any of the "We follow the DOW" boys like to explain today's and yesterdays nasty falls INSPITE of the DOW action?????????

:sheep:
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Dow opened down 100pts down, recovered those 100pts, went down another 100pts and recovered those 100pts. Roller coaster. Time still for the XAO to recover too. Too early to call.
 
Re: XAO Analysis

kennas said:
Dow opened down 100pts down, recovered those 100pts, went down another 100pts and recovered those 100pts. Roller coaster. Time still for the XAO to recover too. Too early to call.
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You cannot be serious? So now we trade the same intraday pattern as the DOW!
 
Re: XAO Analysis

Trembling Hand said:
You cannot be serious? So now we trade the same intraday pattern as the DOW!
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Did I say that? :confused:

Perhaps I might have said calling intra day movements of where the final figure will be at the bell is a bit preemptive.

:banghead:
 
Re: XAO Analysis

I find doing opposite to what the DOW does has a higher probability of success... more often than not. When the...

... DOW goes UP.... SPI fades DOWN
... DOW goes DOWN... SPI fades UP...

This strategy works best when the DOW moves about +/-100pts the night before. (Probably the result of "fading the gap" strategy)

Backtest it to confirm...

Although, if it was this easy, everyone will be onto it. So having said that... anything goes and nothing is gauranteed to work.
 
Re: XAO Analysis

She going to break out?? She has been pushing one way for some time. You would think if it does it would be in danger of falling back.
 

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Re: XAO Analysis

Dow Jones Basic Resources Index down a whopping 9.5% today, BHP down 6% and RIO down 8% in NY, what's going on there? Haven't seen a move like that for a long time, especially with the USD going down again, would of figured this would of supported the resources, including oil going up again.

Who knows where support will be once 5000 is breached, 4800? 4600? Might be time to short the big miners. Interesting to see ConocoPhillips, Exxon, Newmont etc in the US down with oil/gold up, risk aversion?
 
Re: XAO Analysis

A nice spike in the VIX overnight. Could the NFP report give us the catalyst for a capitulation bottom tonight? At least for this leg down of the current bear market?
 

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Re: XAO Analysis

dhukka said:
A nice spike in the VIX overnight. Could the NFP report give us the catalyst for a capitulation bottom tonight? At least for this leg down of the current bear market?
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If you consider the other times the VIX has spiked you would think that it has to get upto around 30, its only gone up 1.5 to 25.5.
 
Re: XAO Analysis

lusk said:
If you consider the other times the VIX has spiked you would think that it has to get upto around 30, its only gone up 1.5 to 25.5.
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Yep, you would want to see it closer to 35, however last night was the first time since March it breached 25 and stayed there. Indications are that the NFP report could be weaker than expected tonight, might be a catalyst to get it over the 30 mark if we get some volume behind a sell off.

Note that the chart below has not been updated for last night's jump to 25.92.
 

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Re: XAO Analysis

Lets see the Banks lead us out of hell here. Maybe not today but thats what I'm looking at. A bank lead recovery. :2twocents :D
 
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