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XAO Technical Analysis

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Re: XAO Analysis

ABN Amro still have quotes on their Mini shorts - and some trades just went through on one I was looking at.

GP
 
Re: XAO Analysis

I have to say I am enjoying todays action. I mean you will have to laugh if we end the day negative. Just like what the rest of Asia is looking at currently. :eek:
 
Re: XAO Analysis

Trembling Hand said:
I have to say I am enjoying todays action. I mean you will have to laugh if we end the day negative. Just like what the rest of Asia is looking at currently. :eek:
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Once people realise that in 30 days time people will short the hell out of everything I'm sure it'll drop back to normal.. :) (whatever normal is)
 
Re: XAO Analysis

TH, do you think Americans will see through the smoke and mirrors of the fed and gov to retrace or they will believe its good (getting lumped with god knows how much debt) and go positive.
 
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Mr Burns - I'm so glad you are reading my link as are others. I fairly sobering lot of wriitngs I just hope more people wake up.
 
Re: XAO Analysis

M34N said:
Was interesting to see the US dollar getting dumped again last night, but the Dow up 350 points, it's pretty obvious this is just short covering. Think about this; gold was up $90 or around 11% for the week, while the Dow finished down 40 points or about 0.3%. So instead of people shorting all these stocks, where will the money go?

Personally, I reckon we may see more money pumped into commodities because of the falling dollar and this ban on shorting stocks, thus putting more pressure longer-term on the market with higher costs and higher interest rates eventually. Stagflation anyone? :2twocents
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Oil +15%
Gold +4%
Silver +7%
Copper +3%
US$ Index -2%
DJIA -3%

Didn't take long did it? So obviously now the evil short sellers are moving into commodities, but note that the US banks dropped over 10%, with financials down 7%, both the worst performing sectors. So now who do we blame?
 
Re: XAO Analysis

tech/a said:
The US Government for the gross mismanagement of the worlds largest economy.

So another fun day ahead.
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My feel (easy to say after open) is that this is just a "breather", unless Congress stops the bailout. I think we're due for a bit of a sucker rally soon.*

*opinion only - I'm holding longs.
 
Re: XAO Analysis

IMHO - It's only a matter of days before all this comes unstuck, the whole idea is flawed. In the end market forces will dictate what happens on the way down just the way it did on the way up.

It's sheer desperation that people have pushed the index up based on the hope that George Bush can fix the worst financial crises in the history of the free world.

As soon as the penny drops, and that won't be very long, we will see the real consequences of all this.
 
Re: XAO Analysis

MrBurns said:
IMHO - It's only a matter of days before all this comes unstuck, the whole idea is flawed.
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I agree with the assessment, but disagree with your time frame. Markets can be irrationally exuberant for a very long time when it comes to money.
 
Re: XAO Analysis

MrBurns said:
It's sheer desperation that people have pushed the index up based on the hope that George Bush can fix the worst financial crises in the history of the free world.
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I'm not sure I'd trust GWB to invest $100 of my money wisely let alone $1T. GWB should have checked in the beginners lounge on these forums initially.

GWB: Hey guys, I saved up a trillion dollars and thinking about where to start in this trading thing anyone got any advice/books to read? I'm thinking fundamental analisis but keen to learn about techincal analysis.

Paper trade first
You're not ready for trading, you should invest first
TRY CFD'S!!
No way CFD's are too risky.
Put it in a savings account and sit it out..

etc..
 
Re: XAO Analysis

Struzball said:
GWB: Hey guys, I saved up a trillion dollars and thinking about where to start in this trading thing anyone got any advice/books to read? I'm thinking fundamental analisis but keen to learn about techincal analysis.
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Allow me to make a slight modification:

GWB: Hey guys, I got a margin loan for a trillion dollars and thinking about where to start in this trading thing anyone got any advice/books to read? I'm thinking fundamental analisis but keen to learn about techincal analysis.
 
Re: XAO Analysis

dhukka said:
Allow me to make a slight modification:

GWB: Hey guys, I got a margin loan for a trillion dollars and thinking about where to start in this trading thing anyone got any advice/books to read? I'm thinking fundamental analisis but keen to learn about techincal analysis.
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So thats the problem, he's been taught Elliot wave by Whiskers. No wonder the world is in such a mess!

So should the solution be to ban technical analysis? Or ban Whiskers:D
 
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