Australian (ASX) Stock Market Forum

XAO Technical Analysis

Jump to new
Re: XAO Analysis

SPI of about 40 odd atm. Really need about 60 - 70 down on the close tomorrow ....

Else nervous nellie for the weekend ...
 
Re: XAO Analysis

good chance of a fade today... dow goes up, spi goes down...

also expecting US retail and ppi data tonight... anything goes...

when does the sept spi contract expires? next week?
 
Re: XAO Analysis

korrupt_1 said:
good chance of a fade today... dow goes up, spi goes down...

also expecting US retail and ppi data tonight... anything goes...

when does the sept spi contract expires? next week?
Click to expand...

i suspect a rise today on low volume showing some weakness and setting up for a plunge monday... we shall soon see
 
Re: XAO Analysis

Might just be time to start buying again - average folk all seem to be shorting now? :confused:


What's with all this talk of nervousness over the weekend, and being 'bust' if the market doesn't go down?! Let me get this straight; so - you've been burnt by being long in the market ... and now the solution is to throw more money at the market?

Honestly, call up gamblers anonymous people! The stock market is not the only bleeding thing you can do with your money. If you're not making gains, and worst yet if you are losing money - and cannot seem to trade this very difficult market ... then leave it. Put it all in the bank, and wait for stability to return! Ugh, the stubbornness...
 
Re: XAO Analysis

Nyden said:
Might just be time to start buying again - average folk all seem to be shorting now? :confused:


What's with all this talk of nervousness over the weekend, and being 'bust' if the market doesn't go down?! Let me get this straight; so - you've been burnt by being long in the market ... and now the solution is to throw more money at the market?

Honestly, call up gamblers anonymous people! The stock market is not the only bleeding thing you can do with your money. If you're not making gains, and worst yet if you are losing money - and cannot seem to trade this very difficult market ... then leave it. Put it all in the bank, and wait for stability to return! Ugh, the stubbornness...
Click to expand...
Nyden, the risk is TOTAL meltdown, not just a few over levereaged financials, commod specs, and the like. The market as we know it may not exist if the worst case scenario of US meltdown occurs in the next few months.

Im starting to be concerned about my cash sitting in the ANZ vault...

US may run into depression, and then a single domino falls....

For a while anyway..... opportunities will eventuate..
 
Re: XAO Analysis

kennas said:
Nyden, the risk is TOTAL meltdown, not just a few over levereaged financials, commod specs, and the like. The market as we know it may not exist if the worst case scenario of US meltdown occurs in the next few months.

Im starting to be concerned about my cash sitting in the ANZ vault...

US may run into depression, and then a single domino falls....
Click to expand...

I think that's a tad too uber-bear for my liking Kennas.
I honestly do believe we're headed for much larger losses; but I do not believe we'll start seeing Aussie banks go bust.

... Well, maybe ANZ and NAB will :p: Heck, might even be best to stick with small banks like Bendigo.
 
Re: XAO Analysis

Nyden said:
... Well, maybe ANZ and NAB will :p: Heck, might even be best to stick with small banks like Bendigo.
Click to expand...
Thanks mate, so if I get the first $100K back, as is some US bank policy, Im rooted,...

The big 4 do not have enough exposure to US drama, but once our RE going on the big dipper.... eeeeek.
 
Re: XAO Analysis

Looks like this morning's rally is losing momentum.

I'm not sure it's going to close in the red, but that's a pretty pansy effort after the drops we saw after the last few days. I'm getting more and more confident of a several week slide down.
 
Re: XAO Analysis

white_goodman said:
i suspect a rise today on low volume showing some weakness and setting up for a plunge monday... we shall soon see
Click to expand...


So how about this fade today? when it works, it works nicely... expecting some selling pressure as we close off towards the end of the week... especially with the US retail data out tonight,... also DJ up some 150pts last night on 'speculation'... that is not a good fundamental reason for a rally... any surprise bad news and it'll drop like a lead weight...
 
Top