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XAO Technical Analysis

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Re: XAO Analysis

Other international indexes are up too... it must be some global news...

DJ up some 50pts then back down just as quick
 
Re: XAO Analysis

Tech/A...

"trade the long-term trend and not the noise"....

its been friggin noisy for the past 9 Weeks


Premium Report:-

"4852 is the trend guide today...above 4852 then the expectation is double R44 range upwards = 87 points"


That's why there was a 'spike' up, the SPI is just doing it's usual Primary Trend rotations within the daily timeframes.

Thank god for the noise......:banghead:
 

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Re: XAO Analysis

sam76 said:
That chart looks like a cross between snakes and pacman.
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I was thinking it looked more like some of my electronic circuit diagrams - just need to add a couple of transistors somewhere then it would make a good astable oscillator
 
Re: XAO Analysis

motorway said:
Hey Whiskers ,, does it matter what elliot's waves are doing ?
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Hi motorway.

Well, it's just that EW seemed to come to me like second nature. I think it's making me much better at finding my short term price range/swings on trades... as well as the market.

But I'm still working on my P&F.

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
Click to expand...

I can see and understand what you say here. :)

Objectivity v subjectivity... that's the issue. I'm gonna have a go at porper about that now. ;)

Porper said:
Whiskers,

The first wave against the trend is wave A.
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Yeah.

So basically move your labelling to the left and you will find your wave d becomes wave e.
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Oh yeah, why would I want to do that. :cautious: The minute count doesn't work then.

So any break of your lower trend line is very bearish.
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Ha, ha... I thought so. :p:

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.
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Only if you still think the trend is down. I reckon we have had a clear trend reversal for wave i and wave ii is the triangle which will break up.

This was sourced from the beginners guide for cynics which I have just sent to Kennas ;)
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Oh dear, mate... oh well, more market noise to confuse the sceptics.
 
Re: XAO Analysis

Whiskers said:
Only if you still think the trend is down. I reckon we have had a clear trend reversal for wave i and wave ii is the triangle which will break up.



.
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Whiskers,

I gave you the benefit of the doubt before concerning your cocky attitude.

You asked an opinion on the E.Wave triangle, I gave you mine in good faith.

You now act as if you are some sort of expert,trying to laugh off any help.
I suggest you learn the basics of Elliot Wave before advocating you are an elliotician.

A second wave triangle eh :eek:

I'll give you a clue.This is a rule of Elliot Wave...................

"Wave 2 may be any corrective pattern except a Triangle."
 
Re: XAO Analysis

Whiskers said:
Wave 2 may be any corrective pattern except a Triangle.
Oh dear, mate... oh well, more market noise to confuse the sceptics.
Click to expand...


And before you try and worm your way out of it Whiskers by saying your triangle is a wave B, forget it.That isn't how you meant it or labelled it.

Have a good evening.
 
Re: XAO Analysis

Porper mate, keep ya shirt on eh. :)

I know one fundamental rule of any analysis... well two actually... oh, what the hell, make it three.
  1. One should not analyise when emotional.
  2. One must keep an open mind.
  3. One must have an eye for detail.

You called it wave '2', mate, not me... I called it 'ii'.

By definition wave 'ii' is a wave 'b'.

I've drawn an illustration to show more clearly. A triangle can appear as minute wave ii of iii which could make 1 of 5 impulse or diag triangle.

It may unfold to be wave ii of iii which could make 1 of 3, or (1) or even (a).

There are a number of possibilities, but in any case it's normal to start with the lower wave counts and add the higher counts as they come apparent.
 

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Re: XAO Analysis

white_goodman said:
how can elliot wavers have two totally opposite analysis?
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Because EW in real time is not a science, it's a hypothesis. You analyze based on assumptions which may prove to be correct or false as time and market action unfolds.

Then, you change the count in retrospect and shout about how right you got it. :p:
 
Re: XAO Analysis

WGoodman,

It is easy how different theoreticians can come up with different analysis. When looking at what Whiskers wrote, it makes perfect sense....

can appear as minute wave ii of iii which could make 1 of 5 impulse
Click to expand...
It may unfold to be wave ii of iii which could make 1 of 3, or (1) or even (a)
Click to expand...

There are a number of possibilities
Click to expand...

Remember it is called Elliott Wave THEORY, not Elliott Wave Fact.

EW is OK after the fact, but not a very good tool for prediction with an accuracy record you can statistically analyse. You can work out that past 3rd waves have a r/r of say 8/1.

However you think you are buying a third of a 3rd, but later it turns out to be a, ii of b, in the cycle low extra x blah blah blah, therefore what you put your money on was not the setup you had studied.

brty
 
Re: XAO Analysis

Whiskers said:
By definition wave 'ii' is a wave 'b'..
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Really, well I didn't know wave "ii" was a wave B, thanks for that Whiskers, highly entertaining.

Whiskers said:
I've drawn an illustration to show more clearly...
Click to expand...
No comment I could go on but wasting my breath.
As I stated a couple of posts ago, you didn't label it as a wave B and you never meant it to be as well as you know.

Anyway enough from me, you know best Whiskers, have fun.

Suffice to say this is the exact reason that Elliot Wave has a bad reputation.Lack of understanding.
 
Re: XAO Analysis

how can elliot wavers have two totally opposite analysis?
Click to expand...

And you think fundamentals are any better? here is the Broker Consensus for NAB. Let's think about that:

1. Its one of the biggest stocks
2. Banking analysts ONLY live, breathe and analyze banks
3. They're all paid > $300k

334013.png
 
Re: XAO Analysis

Nick Radge said:
And you think fundamentals are any better? here is the Broker Consensus for NAB. Let's think about that:

1. Its one of the biggest stocks
2. Banking analysts ONLY live, breathe and analyze banks
3. They're all paid > $300k
Click to expand...

For some reason, I couldn't make head nor tails of those expert recommendations, so I tried looking at them from a different viewpoint and suddenly they became crystal clear...
 

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Re: XAO Analysis

Aussiejeff said:
For some reason, I couldn't make head nor tails of those expert recommendations, so I tried looking at them from a different viewpoint and suddenly they became crystal clear...
Click to expand...

To be honest, it made more sense to me when rotated sideways
 

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