XAO Technical Analysis

[tech/a]

Re: XAO Analysis

The following charts are for gold, but it's a similar story for other commodities. The AUD price is rising and with further falls in the AUD it gets better.

Man I gotta agree with T/H.

This isnt even high school economics.

 

[Whiskers]

Re: XAO Analysis

Man I gotta agree with T/H.

Tech/a, in case you didn't notice TH's earlier idea of sport and the ... I was just playing some sport with him... but I guess 'right fighters' don't even like the same sort of practical jokes played back on them.

Whiskers i was never that good at ball sports.

But I do love a bit of sport......

sport
Noun
1. an activity for exercise, pleasure, or competition: your favourite sport
2. such activities collectively: the minister for sport
3. the enjoyment gained from a pastime: just for the sport of it
4. playful or good-humoured joking: I only did it in sport
5. Informal a person who accepts defeat or teasing cheerfully
6. make sport of someone to make fun of someone
7. an animal or plant that is very different from others of the same species, usually because of a mutation
8. Austral & NZ informal a term of address between males
Verb

This isnt even high school economics.

That's very true, but what's your point?

I was arguing that the 'global slowdown' that some people are still a bit preoccupied with is being over-rated and is not as important in the direction of the markets as the falling oil price and consequent currency revaluations and the flow-on effects.

But I guess if you still hold to the theory that the world is headed for recession and stock markets will go lower, oil staying high and commodities going lower, then I suppose you don't see the significance ot it.

 

[wayneL]

Re: XAO Analysis

I hope nobody bought up on the ludicrous euphoria on Monday.

 

[tech/a]

Re: XAO Analysis

But I guess if you still hold to the theory that the world is headed for recession and stock markets will go lower, oil staying high and commodities going lower, then I suppose you don't see the significance ot it.

I trade whats given to me through analysis.
Have 2 trades WPL and BHP short have current
analysis for the XAO at around 4300-4100 in a wave 5

Been that way for weeks.
Until price action and analysis tells me otherwise thats the way it is for me.
All news and economic noise doesnt come into MY equation.
ponder and Hypothesise on----

 

[jaithomson]

Re: XAO Analysis

Tech\a - very intersting. I agree, except for when major news hits like the US government bailing out Freddie Mac & Fannie Mae. So what is your prediction for today, it currently sits at 4840ish... down another 100..?

 

[Aussiejeff]

Re: XAO Analysis

So what are we suggesting for today. SPI Futures are down 20 odd points, so the market will open lower - will it hit the 5150\5200 mark..? or go bear below 5000..?

"If you go out in the woods today
You're sure of a big surprise.
If you go out in the woods today
You'd better go in disguise.

For every bear that ever there was
Will gather there for certain, because
Today's the day the teddy bears have their picnic...."

:horse:

 

[Aussiejeff]

Re: XAO Analysis

I hope nobody bought up on the ludicrous euphoria on Monday.

Not this little black duck.... plucked me feathers out months ago...

Hey, anyone seen where that dead moggy got to??? :bounce:

... and some more important questions to be answered...

- Will the PPT bail out Lehmans?

- Who will be the next major US bank to sink into the primeval ooze?

- Will CERN create an artificial black hole even bigger than the World Financial Markets?

:bananasmi:

 

[tech/a]

Re: XAO Analysis

Tech\a - very intersting. I agree, except for when major news hits like the US government bailing out Freddie Mac & Fannie Mae. So what is your prediction for today, it currently sits at 4840ish... down another 100..?

I'm not trading "Today" or "Yesterday" or "Tommorow"

I'm trading my analysis and until it reaches a target and indicates that its either run it course OR the analysis is no longer valid its as I have stated in previous posts above.

Various pieces of "News" have no bearing until it alters the analysis I have in place.

 

[CanOz]

Re: XAO Analysis

I was quite surprised this morning that the SPI was down 4% just after the US closed. Even the Nikkei was only down just over 1%.....should be an interesting day for the Asian markets.

Cheers,


CanOz

 

[deadset]

Re: XAO Analysis

We've got oil $103, 7 hours outage at the London Stock Exchange, and Lehman Brothers dropping 40%.

Will oil get any lower tomorrow ?
Will the $AUD drop below 0.80 ?

BHP haven't been down to $34 for a while.


It's been interesting already.

 

[korrupt_1]

Re: XAO Analysis

I've not sure if I'm using 'Andrew's Pitchfork' correctly,.. but it seems that the lower channel has failed to hold. Not sure what this means, but i'm putting on clean underwear just incase... :

 

[Sean K]

Re: XAO Analysis

I've not sure if I'm using 'Andrew's Pitchfork' correctly,.. but it seems that the lower channel has failed to hold. Not sure what this means, but i'm putting on clean underwear just incase... :

Nice short opp on a break down through 4800..

 

[Whiskers]

Re: XAO Analysis

"If you go out in the woods today
You're sure of a big surprise.
If you go out in the woods today
You'd better go in disguise.

For every bear that ever there was
Will gather there for certain, because
Today's the day the teddy bears have their picnic...."

:horse:

Lol. That's very funny.

I've not sure if I'm using 'Andrew's Pitchfork' correctly,.. but it seems that the lower channel has failed to hold. Not sure what this means, but i'm putting on clean underwear just incase... :

This doesn't apply to the XAO, but if correct goes north with my XAO forecast.

Do EW'ers think it's a valid proposition?

 

[Sean K]

Re: XAO Analysis

Lol. That's very funny.

Do EW'ers think it's a valid proposition?

5 EW'ers will have 10 different opinions, and then be able to adjust those opinions on a daily basis to suit one of the 'rules' about EW.

Just what happened to skyhawk and his love for wavepicker anyway?

 

[Porper]

Re: XAO Analysis

5 EW'ers will have 10 different opinions, and then be able to adjust those opinions on a daily basis to suit one of the 'rules' about EW.

Just what happened to skyhawk and his love for wavepicker anyway?

Oh, Kennas you are such a cynic.

I'll just have a look through my Elliot Wave for beginners book

 

[Sean K]

Re: XAO Analysis

Oh, Kennas you are such a cynic.

I'll just have a look through my Elliot Wave for beginners book

LOL

Yes, me too. What is it?

5 up, 3 down, add in a few x's and y's, or even a 'c' and a 'd'. Add in some numbers related to the swirls of a snail, and then make sure you understanhd if you are subminuette, or supercycle. Then, adjust according to the stars.

Sorry, it's late here, and I'm bored...

Rio is boring.....



LOL

 

[motorway]

Re: XAO Analysis

Lol. That's very funny.



This doesn't apply to the XAO, but if correct goes north with my XAO forecast.

Do EW'ers think it's a valid proposition?

Hey Whiskers ,, does it matter what elliot's waves are doing ?

What do the actual objective waves reveal

I would not be short atm

What do you see

the chart is a .05% x 3

being a %log chart it will amplify the appearance of reactive ( springiness )
support .... I have marked some ,,,,,

We have opposing vertical counts as well

look at the mid line ..

If we got a 1000 people of all ages and experience
and asked them to mark the top of every buying wave
and the bottom of every selling wave..

They would all agree without any special training
Because these waves are real and objective
and of stark clarity..


motorway

 

[Porper]

Re: XAO Analysis

Do EW'ers think it's a valid proposition?

Whiskers,

The first wave against the trend is wave A.

So basically move your labelling to the left and you will find your wave d becomes wave e.

So any break of your lower trend line is very bearish.

I am not saying that is where we are going, just that your triangle following E.Wave theory should break to the downside, not up.

Hope this helps.

This was sourced from the beginners guide for cynics which I have just sent to Kennas

 

[sam76]

Re: XAO Analysis

What caused the spike in the all ords just before?

 

[tech/a]

Re: XAO Analysis

What caused the spike in the all ords just before?

Buyers.
Many of the ASX20 had a spike.
I would say that most are expecting the reversal of today tommorow.
But by the look of it the spike was and is being met by enough selling to push it back down.

Trade the longterm trend not the noise.
If the longterm trend looks threatened then re evaluate.

Hey Chuck Norris.

Punch into Google
"Find Chuck Norris" then hit
I'm feeling Lucky and see what you get.