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XAO Technical Analysis

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Re: XAO Analysis

"Trading on the Australian Stock Exchange has been delayed 30 minutes this morning, pending an announcement from the Australian Securities and Investments Commission."

What are they going to say now?

Market open delayed
 
Re: XAO Analysis

Dealer Broadcast
22 Sep 2008 at 00:34:38 (GMT)
The ASX market opening has been delayed beyond the 10:30 start.
 
Re: XAO Analysis

How come when the markets rose high in the US on Friday, I had a feeling that it wouldn't translate.

Does anyone know what's going on ? Any announcements anything ?

Might head down to Star City instead.
 
Re: XAO Analysis

Pre open with 10.40 announcement. Hmm, couldnt they have worked this out over the weekend?
 
Re: XAO Analysis

Trembling Hand said:
Who is wanting to place some bets on the ASX not even opening at 10:30??
Click to expand...

What's scary is, I'm not even sure if this is intended as a joke or not, and what's even WORSE than that, is it actually did happen!

Unbelievable, now I've seen everything!
 
Re: XAO Analysis

Joe's forum might just break the record

Most users ever online was 767, 22nd-June-2007 at 02:18 PM.
 
Re: XAO Analysis

Well now when the market will start it will cause panic, so long for a green day. Also ASX ( or in my case IB) is not acknowledging my stock order. Well a classic case of Murphy's Law ..
 
Re: XAO Analysis

M34N said:
What's scary is, I'm not even sure if this is intended as a joke or not, and what's even WORSE than that, is it actually did happen!

Unbelievable, now I've seen everything!
Click to expand...

No it wasn't a joke. I would of given 10 to 1 odds for it not opening.

Anyway futs open at 10:50. ASX open at 11:00. So they say? third time lucky??
 
Re: XAO Analysis

mayk said:
Well now when the market will start it will cause panic, so long for a green day. Also ASX ( or in my case IB) is not acknowledging my stock order. Well a classic case of Murphy's Law ..
Click to expand...

that, along with US futures might make it a red day (can we still short with CFD's?)
 
Re: XAO Analysis

Perhaps ASF should band together and try and sue ASIC or the ASX for 'lost income' and 'hardship'

Take all the gun traders here average daily earnings and say that this 1 hr lost cost $X amount equates to a total of X dollars, plus compo for hardship

Who's up for it?
 
Re: XAO Analysis

white_goodman said:
this is the new way to stop global recessions....no markets... if theres no trading the stocks cant go down
Click to expand...
Maybe ASIC will come out and say every time the DOW futures turn red they will shut the market... Oh, but only for just a 30 day trial.
 
Re: XAO Analysis

white_goodman said:
this is the new way to stop global recessions....no markets... if theres no trading the stocks cant go down
Click to expand...

Yep, ASIC got their lead from the Russians who tried it last week for 48 hours to stave off total market failure and opened after the US solution was announced. Quite fortunate for them really wasn't it as they couldn't have closed the doors for much longer could they? Although anything is possible isn't it?
 
Re: XAO Analysis

Just got sent this from a friend... perhaps it is wise advice?

If you had purchased $1,000 of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 left of the original $1,000.
With WorldCom, you would have less than $5 left. If you had purchased $1,000 of Delta Air Lines stock you would have $49 left. If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1,000 worth of beer one year ago, drank all the beer, then turned in the cans for aluminium recycling, you would have $214.

Based on the above, the best current investment strategy is to drink heavily, and recycle.
 
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...

I think you might be right TH, it looks like we'll get a buying frenzy when the market does finally open, but then I think we'll see a fair bit of selling especially if people not being able to hedge plays true.

Dow futures are also down over 100 atm (long way till open though)
 
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