XAO Technical Analysis
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Whiskers
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Re: XAO Analysis
Ok you bears and shorters and speculators and whatever else
:, this pot hole is quite big enough thank you very much.
Time to get things back on track here.
According to the law of rubberbands and EW Expanded Flats and psysic, this has got to turn around pretty quickly and pretty soon.
Since this B wave is getting a bit stretched, the rebound C has gotta go for six... way over the heads of yer bludy bears.
Ok you bears and shorters and speculators and whatever else
:, this pot hole is quite big enough thank you very much.Time to get things back on track here.
According to the law of rubberbands and EW Expanded Flats and psysic, this has got to turn around pretty quickly and pretty soon.
Since this B wave is getting a bit stretched, the rebound C has gotta go for six... way over the heads of yer bludy bears.
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Re: XAO Analysis
Yeah, i reckon it'll bounce tomorrow, but how far? I don't see that we can have another bull run until all this stuff in the U.S. is sorted out, and what if it does leak over to here?
Not using TA, and using common sense only (i wonder if i have any left), the fallout from this mess would have to take at least one year to sort out? Think about it on a smaller scale with credit card debt default and things like that, only translate it to a larger scale. Imo, and i'm not very educated at all of this, this is the beginning of the end stage of the credit crisis (??), where the fears are being realised.
Yeah, i reckon it'll bounce tomorrow, but how far? I don't see that we can have another bull run until all this stuff in the U.S. is sorted out, and what if it does leak over to here?
Not using TA, and using common sense only (i wonder if i have any left), the fallout from this mess would have to take at least one year to sort out? Think about it on a smaller scale with credit card debt default and things like that, only translate it to a larger scale. Imo, and i'm not very educated at all of this, this is the beginning of the end stage of the credit crisis (??), where the fears are being realised.
Trembling Hand
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tech/a
No Ordinary Duck
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Re: XAO Analysis
Whiskers.
Can I recommend a good book?
Whiskers.
Can I recommend a good book?
Re: XAO Analysis
lol, yeah it sure will. That's the reason the stock markets worldwide are getting punished. Damn short sellers.
Got nothing to do with companies over loaded on debt and major banks going under due to excessive debt and creative accounting and the short term thinking (greed) of these companies. All the dodgy practices are finally coming home to roost and they can't sweep it under the carpet anymore.
But if we stop short selling that will fix everything
lol, yeah it sure will. That's the reason the stock markets worldwide are getting punished. Damn short sellers.
Got nothing to do with companies over loaded on debt and major banks going under due to excessive debt and creative accounting and the short term thinking (greed) of these companies. All the dodgy practices are finally coming home to roost and they can't sweep it under the carpet anymore.
But if we stop short selling that will fix everything
Whiskers
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Re: XAO Analysis
By all means Tech.
By the way what do ya think the current situation is?
By all means Tech.
By the way what do ya think the current situation is?
Porper
Ralph Nelson Elliott
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Re: XAO Analysis
Whiskers, my thoughts and charts haven't changed from my previous analysis on here.
I fully admit I thought we would get a bigger bounce, but the medium term end target remains the same for now and that is XJO around 4000.
I sent this Nasdaq chart privately to a few on here on the 14th August (the e.o.d top)
Just because it was a very clear count.Much clearer than the DOW or XJO.So far it is spot on.If it stays accurate we have far, far lower to go.Pretty scary if it pans out, unless you are short of course.
You asked why we can't go higher.
We can, just highly unlikely from an Elliot Wave point of view.
Whiskers, my thoughts and charts haven't changed from my previous analysis on here.
I fully admit I thought we would get a bigger bounce, but the medium term end target remains the same for now and that is XJO around 4000.
I sent this Nasdaq chart privately to a few on here on the 14th August (the e.o.d top)
Just because it was a very clear count.Much clearer than the DOW or XJO.So far it is spot on.If it stays accurate we have far, far lower to go.Pretty scary if it pans out, unless you are short of course.
You asked why we can't go higher.
We can, just highly unlikely from an Elliot Wave point of view.
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white_goodman
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Trembling Hand
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white_goodman
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Re: XAO Analysis
wouldnt have a clue, something bout option expiries or something, jsut trying to ask the question
wouldnt have a clue, something bout option expiries or something, jsut trying to ask the question
Trembling Hand
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Re: XAO Analysis
I saw the large volume also. But I wont go so far as to call it that. Anyway the close was in the bottom half by my calculations (that's using my eyes).
Tim
I saw the large volume also. But I wont go so far as to call it that. Anyway the close was in the bottom half by my calculations (that's using my eyes).
Tim
white_goodman
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Re: XAO Analysis
yeh im jsut suggesting we might get a breather tomorrow before another plunge monday, possibly a good opportunity to get some more shorts
yeh im jsut suggesting we might get a breather tomorrow before another plunge monday, possibly a good opportunity to get some more shorts
Porper
Ralph Nelson Elliott
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Re: XAO Analysis
After that, this very advanced E.Wave book is a must for very serious analysts
I got one...........
After that, this very advanced E.Wave book is a must for very serious analysts
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Re: XAO Analysis
Doom and Gloom, Doom and Gloom. I think that talk about the end of the world is a little overstated. I think that some of the debt junkie companies are going to get washed out (and anybody who has read FIASCO or Liar's Poker can't doubt that they may deserve it) but I don't think that we are going to see massive unemployment.
I was flicking through the ASX100 today (surprising how many companies are still going okay on the charts) and noticed the high volume. Unfortunately the lion's share of the volume was in the am and the afternoon rise was at a lighter volume so I think that the bounce will be short lived. I think that the next stop will be around 4200.
Doom and Gloom, Doom and Gloom. I think that talk about the end of the world is a little overstated. I think that some of the debt junkie companies are going to get washed out (and anybody who has read FIASCO or Liar's Poker can't doubt that they may deserve it) but I don't think that we are going to see massive unemployment.
I was flicking through the ASX100 today (surprising how many companies are still going okay on the charts) and noticed the high volume. Unfortunately the lion's share of the volume was in the am and the afternoon rise was at a lighter volume so I think that the bounce will be short lived. I think that the next stop will be around 4200.
Trembling Hand
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Re: XAO Analysis
PERFECT, I got that one. From the back cover,
:
After that, this very advanced E.Wave book is a must for very serious analysts
PERFECT, I got that one. From the back cover,
:Re: XAO Analysis
That's absolutely brilliant. Surely the author is an ASFer?
PERFECT, I got that one. From the back cover,
Quote:
Elliot the cat lives by the sea, a perfect place for a fish-loving cat to be. At least it would be, if only he could catch one! How is Elliot the harbour cat going to get his dinner? Hitching a ride on a fishing boat seems like a good idea, until it all goes horribly wrong!
That's absolutely brilliant. Surely the author is an ASFer?