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XAO Technical Analysis

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Re: XAO Analysis

Kauri said:
I'm sometimes tempted to join in on all this pontificating and posturing... but luckily find that I am too busy trading...
Cheers
...........Kauri
Click to expand...
So what's your plan of attack today Kauri? Will you covering shorts and loading up on longs?
 
Re: XAO Analysis

CamKawa said:
So what's your plan of attack today Kauri? Will you covering shorts and loading up on longs?
Click to expand...


while everyone was debating the correctness/validity of thier predictions I actually slipped in a small post stating my plan of trading last thursday... before the rally.. butt in the midst of all the chest thumping it passed unnoticed... oh well... another day, another dollar...

Cheers
...........Kauri
 

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Re: XAO Analysis


Actually I agree it's a possibility, just not the most likely one. However I don't rule anything out. Putting more cash into the market does not depend on it reaching a particular level. If individual company fundamentals warrant it, then I will be putting some to work.
 
Re: XAO Analysis


nice chest thump!
 
Re: XAO Analysis

I reckon a short of the mornings highs will be in order.

Just for a play here is the the time......11:43...
 
Re: XAO Analysis

Trembling Hand said:
I reckon a short of the mornings highs will be in order.

Just for a play here is the the time......11:43...
Click to expand...

TH I am still learning this game... bear with me.

Am I right in guessing that what you are saying here is that we will see a spike until 11.43am at which point it will all come crashing down and you would want to have shorted those previously high positions for a nice sweep? With this ban on short selling, are people still shorting via CFDs? Do they have to be MM CFDs?

I understand what will drive the spike initially (even I am itching to get in) but what event/psychology will pull it back down?

Please correct me if I misread.

Cheers
marcadrian
 
Re: XAO Analysis

Trembling Hand said:
I reckon a short of the mornings highs will be in order.

Just for a play here is the the time......11:43...
Click to expand...

The good hole USofA agrees with you it seems...
Cheers
...........Kauri

US equity futures are lower in early Asia and traders say this has led to AUD/USD selling after the pairing jumped to 0.8403 in early trading. US equity futures are lower in early Asia and traders say this has led to AUD/USD selling after the pairing jumped to 0.8403 in early trading.
 
Re: XAO Analysis

I think I must be a bit slow but it just occurred to me that this just might be designed to get the Democrats across the line in October .....so after the election the party will be over ?
 
Re: XAO Analysis

marcadrian said:
Kauri,

Are you planning to do the same with banks today?

marcadrian
Click to expand...

I'm planning to manage my open trades... won't be adding... needs confirmation of the bailing plan now.. initial euphoria will fade untill then .. I thunk..

there is bi-partisan support emerging among US lawmakers to give quick approval to the US Treasury 700 BLN USD proposal to bail out US financial institutions. According to the NY Times, Democratic lawmakers said Sunday that they shared the sense of urgency, though they called for "reciprocity" to ensure that not only Wall Street investors but also Main Street taxpayers would get relief. And they said they wanted to press ahead, probably in a parallel initiative, with a new economic stimulus package. Senator Charles E. Schumer, New York Democrat, said legislators would not imperil the proposal by adding too many extras. "We will not Christmas-tree this bill. The times are too urgent."
US equity futures are sharply lower, as investors might be a bit disappointed that the proposal is still being debated and nervous that some of the details of the Treasury plan might be tinkered with

Cheers
...............Kauri
 
Re: XAO Analysis

I will be playing with the index Futures.

My call is just a game. Just to fill in time and give the impression that I'm on this thread to analyses the XAO when my real intent it to lurk until I can flame someone. So not advice on a trade set up...DYOR etc.

With that out of the way my thinking is after huge days we often get inside days. Especially in the states. They had a huge day on Friday so the odds are for an inside day for them tonight.

As our open looks to be a gap up of around 100 points there will be a lot of froth and bubble as the trapped shorts cover and the desperate open new longs. But my thinking is with close to 500 points up by then in 3 days most of the flippers will move in and start dumping into this strength.

These are all just intraday thoughts. No crash on my radar just oscillations. In any case the medium tern trend has changed and the previous broken range has been recaptured.
 
Re: XAO Analysis

Thinking the same thing. All stock i look at as of As at 22/09/2008 9:56:05 AM in in
ENQUIRE
What does that mean?
 
Re: XAO Analysis

They're considering my "ban buying" proposal.
 
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