XAO Technical 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

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Trembling Hand said:

Something has t US futs all jumpy in the last 30 min. ES (S&P500) is up 25 points since US close.

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Trembling Hand said:

Something has t US futs all jumpy in the last 30 min. ES (S&P500) is up 25 points since US close.

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wayneL said:

AIG deal?

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korrupt_1 said:

sept futures expires tomorrow right?

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Trembling Hand said:

Yep, why?

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korrupt_1 said:

looking out for funny business...

well... thats normal on any given day.. but looking out for more than normal funny business...

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kennas said:

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

Maybe skyhawk needs to choose a better mentor?

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Trembling Hand said:

Whats ya point Kennas?

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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?

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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

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