IFocus
You are arguing with a Galah
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XAO Technical Analysis
- Thread starter Sean K
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Re: XAO Analysis
I have to agree with both of you on lack of Analysis. I would post more but it seems there are a couple of members who just insist on point scoring against other members. It is obviously an ego thing and it does destroy threads because the genuine posters stop posting because of the childish attitude or is it called "Cyber bashing"
If someone wants to start up a new thread on the XAO then I will post more.
I feel there are some very competent members out there, so lets try again.
I have to agree with both of you on lack of Analysis. I would post more but it seems there are a couple of members who just insist on point scoring against other members. It is obviously an ego thing and it does destroy threads because the genuine posters stop posting because of the childish attitude or is it called "Cyber bashing"
If someone wants to start up a new thread on the XAO then I will post more.
I feel there are some very competent members out there, so lets try again.
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
You mean like the last one from '02 to '07 which interrupted the last financial Armageddon?
XAO analysis, based on US market activity late last week, XAO up on Monday, 5000 points forming resistance.
You mean like the last one from '02 to '07 which interrupted the last financial Armageddon?
XAO analysis, based on US market activity late last week, XAO up on Monday, 5000 points forming resistance.
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Re: XAO Analysis
Well my XAO analysis is that it may skyrocket on Monday. All forms of short selling on all stocks have been banned from the ASX effective Monday.
Source: http://www.asic.gov.au/ASIC/asic.nsf/byHeadline/08-205%20Covered%20short%20selling%20not%20permitted?opendocument
Well my XAO analysis is that it may skyrocket on Monday. All forms of short selling on all stocks have been banned from the ASX effective Monday.
Source: http://www.asic.gov.au/ASIC/asic.nsf/byHeadline/08-205%20Covered%20short%20selling%20not%20permitted?opendocument
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Re: XAO Analysis
So I read that including the instrument doc at the bottom of the page. It doesn't make it clear if people with open shorts are required to close them. It seems to just indicate that no new shorts are allowed - with a few restricted exceptions.
So I read that including the instrument doc at the bottom of the page. It doesn't make it clear if people with open shorts are required to close them. It seems to just indicate that no new shorts are allowed - with a few restricted exceptions.
white_goodman
BOC
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Re: XAO Analysis
if youve got an open short your pretty much rooted so you will probably close it anyways
if youve got an open short your pretty much rooted so you will probably close it anyways
Whiskers
It's a small world
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Re: XAO Analysis
From an Aus, and I suppose most countries perspective, isn't it better to contain all this dubious debt on the US balance sheet where it came from, rather than continuing to let it spew out all over the world?
I think there is some element of truth there, but you have to remember there is also a huge amount of litigation pending in the US so we just don't know yet who will get away with what.
If you could eloberate a bit wayne, I'll see if I can help you.
As I have said often TH, you need to be able to get some context and proportion.
My analysis was that the oil bubble was about to burst, which it did and the trend will continue to fall down to around 80, maybe a bit lower.
You should know that market trends don't go in a straight line. There are always a serious of up's and down's with bigger up's in a bull market and bigger downs in a bear market.
Really TH a $5 or so move in oil recently is hardly here nor there, but you will recall me saying that it may fall below 100 for awhile before correcting higher over 100 for awhile before continuing to fall again.
The context of the oil trend continuing to fall is that world wide (hyper)inflation goes off the radar and the economy improves proportionally.
In the context of the Aus market, high oil was starting to really hurt our economy, particularly our significant export mining and agricultural industries.
The oil trend won't change significantly because of the other foreseeable news that came in recent days.
Lol... thats funny, IFocus... not that I totally agree with your or tech/a's view, but I'll pay a bit of good humour where it's due.
From an Aus, and I suppose most countries perspective, isn't it better to contain all this dubious debt on the US balance sheet where it came from, rather than continuing to let it spew out all over the world?
I think there is some element of truth there, but you have to remember there is also a huge amount of litigation pending in the US so we just don't know yet who will get away with what.
If you could eloberate a bit wayne, I'll see if I can help you.
As I have said often TH, you need to be able to get some context and proportion.
My analysis was that the oil bubble was about to burst, which it did and the trend will continue to fall down to around 80, maybe a bit lower.
You should know that market trends don't go in a straight line. There are always a serious of up's and down's with bigger up's in a bull market and bigger downs in a bear market.
Really TH a $5 or so move in oil recently is hardly here nor there, but you will recall me saying that it may fall below 100 for awhile before correcting higher over 100 for awhile before continuing to fall again.
The context of the oil trend continuing to fall is that world wide (hyper)inflation goes off the radar and the economy improves proportionally.
In the context of the Aus market, high oil was starting to really hurt our economy, particularly our significant export mining and agricultural industries.
The oil trend won't change significantly because of the other foreseeable news that came in recent days.
Is that anything like a black hole
Lol... thats funny, IFocus... not that I totally agree with your or tech/a's view, but I'll pay a bit of good humour where it's due.
tech/a
No Ordinary Duck
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Re: XAO Analysis
Thank God for that!!
Thank God for that!!
Re: XAO Analysis
I don't remember any financial armageddon in 02. Can't recall the US treasury backing $1 trillion worth of mortgage assets....ever.
btw weren't you the guy who didn't even think we'd entered a bear market as late as early January?
I don't remember any financial armageddon in 02. Can't recall the US treasury backing $1 trillion worth of mortgage assets....ever.
btw weren't you the guy who didn't even think we'd entered a bear market as late as early January?
chops_a_must
Printing My Own Money
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tech/a
No Ordinary Duck
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Re: XAO Analysis
Over the longterm thats what it will be.
I dont think we will see 6880 taken out for many years--5-7.
Dont know where the bottom will be but 4100 to 4300 is the next stop--from my analysis.
Over the longterm thats what it will be.
I dont think we will see 6880 taken out for many years--5-7.
Dont know where the bottom will be but 4100 to 4300 is the next stop--from my analysis.
chops_a_must
Printing My Own Money
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Re: XAO Analysis
From memory, 4300 was the next level down after 4700, and 3700-3800 after that, on my charts.
Trembling Hand
Can be found on the bid
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tech/a
No Ordinary Duck
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Re: XAO Analysis
Does anyone know how this affects holding negative CFDs?
Since it's a derivative, I presume it's exempt from the short selling ban?
Does anyone know how this affects holding negative CFDs?
Since it's a derivative, I presume it's exempt from the short selling ban?
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
Touche dhukka. For about the last 20 years experts have been predicting that with every downturn this one would be the big one. We'll find out eventually if it really is different this time.
Absolute numbers mean little BTW...you know how it is, inflation and all.
If I went back and looked at that chart I'd come to the same technical conclusion. If you want to say "I told you so", you can have that call, it hasn't helped your portfolio.
Touche dhukka. For about the last 20 years experts have been predicting that with every downturn this one would be the big one. We'll find out eventually if it really is different this time.
Absolute numbers mean little BTW...you know how it is, inflation and all.
If I went back and looked at that chart I'd come to the same technical conclusion. If you want to say "I told you so", you can have that call, it hasn't helped your portfolio.
Re: XAO Analysis
Have they? Good for them, not sure what the relevance of this statement is. Anyway to date, this bear market has already equaled the biggest in terms of peak to trough declines in the last 20 years. It's always at least a little different isn't it? As you said we'll find out in due course exactly how different.
Then maybe it's time to stop looking at charts? My aim is to outperform the market over the full cycle. My measley portfolio is down less than half the current market decline. I'm happy with that result.
Have they? Good for them, not sure what the relevance of this statement is. Anyway to date, this bear market has already equaled the biggest in terms of peak to trough declines in the last 20 years. It's always at least a little different isn't it? As you said we'll find out in due course exactly how different.
Then maybe it's time to stop looking at charts? My aim is to outperform the market over the full cycle. My measley portfolio is down less than half the current market decline. I'm happy with that result.
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
You said it may soon be the mother of all bear market rallies. I was being facetious by suggesting that '02 to '07 was in fact a bear market rally. I don't see it as being beyond the realm of possibility that we see something similar engineered, which ultimately patches things up well enough to convince people to start going long something again.
To what end? I went to cash in June/July '07, based on chart analysis. There is more than one way to skin the same cat, you know that.
You said it may soon be the mother of all bear market rallies. I was being facetious by suggesting that '02 to '07 was in fact a bear market rally. I don't see it as being beyond the realm of possibility that we see something similar engineered, which ultimately patches things up well enough to convince people to start going long something again.
To what end? I went to cash in June/July '07, based on chart analysis. There is more than one way to skin the same cat, you know that.
Whiskers
It's a small world
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Re: XAO Analysis
:22_yikes:
Sufferin Succotash... ain't nobody gonna be skinnin this little black cat!
:run:
:22_yikes:
Sufferin Succotash... ain't nobody gonna be skinnin this little black cat!
:run:
Kauri
E/W Learner
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Re: XAO Analysis
I'm sometimes tempted to join in on all this pontificating and posturing... but luckily find that I am too busy trading...
Cheers
...........Kauri
I'm sometimes tempted to join in on all this pontificating and posturing... but luckily find that I am too busy trading...
Cheers
...........Kauri