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XAO Technical Analysis

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Re: XAO Analysis

the hand
increased volume closing above its low could say a reversal candle? if we can form a base here over the rest of the week and then break to the upside
we might start floating again but i wouldnt like to put all my money on it until the full ramifications of these cdo etc come out,i still think we will have to leg down to approx 4200 then consolidate before we start getting confidence
but who knows interesting times?
all i know i am cashed up;
not like 87 when i was totally in the market and not happy:)
 
Re: XAO Analysis

:confused:

Didn't wavepicker call a significant bottom a few weeks ago?

That wasn't long after he called gold going down down down, before if rose $100 too?

Maybe skyhawk needs to choose a better mentor?

:confused:
 
Re: XAO Analysis

auric said:
the hand
increased volume closing above its low could say a reversal candle? if we can form a base here over the rest of the week and then break to the upside
we might start floating again but i wouldnt like to put all my money on it until the full ramifications of these cdo etc come out,i still think we will have to leg down to approx 4200 then consolidate before we start getting confidence
but who knows interesting times?
all i know i am cashed up;
not like 87 when i was totally in the market and not happy:)
Click to expand...

if the area gets retested on low volume in the next few days it may trigger an up move.... will be interesting to see what affect AIG has on the dow and in turn us...
 
Re: XAO Analysis

The only thing that it will effect is that there will be huge volume tomorrow and the start will be staggered more than usual.

Yet to see anything happening on the actual rollover day.
 
Re: XAO Analysis

kennas said:
:confused:

Didn't wavepicker call a significant bottom a few weeks ago?

Maybe skyhawk needs to choose a better mentor?

:confused:
Click to expand...
I think it was 'significant' BOTTOM around 4800?

Anyone else remember?

:confused:

Where is skyhawk anyway?
 
Re: XAO Analysis

4770 is a very major support level as it is 50% of the range of the start of the bullish run up on 13th March '03 and the top at 6783 on 1st November '07

Close today was 4769.7
 
Re: XAO Analysis

Whiskers said:
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?
Click to expand...

The new E.Wave guru had a E.Wave triangle breaking to the upside as well :eek:

Maybe some will have a bit less of an ego now.
 
Re: XAO Analysis

bankit said:
4770 is a very major support level as it is 50% of the range of the start of the bullish run up on 13th March '03 and the top at 6783 on 1st November '07

Close today was 4769.7
Click to expand...

hmmm but bad news coming from the US tonight or tomorrow will have enough 'effort' to smash that support line me thinks
 
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