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XAO Technical Analysis

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Re: XAO Analysis

OzWaveGuy said:
Sorry to disappoint :( This is my first time in this forum - but love EW - it's never wrong - only the way one reads it :)
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Couldnt the same be said of ANY form of analysis? Its all right in theory, rarely in practice
 
Re: XAO Analysis

prawn_86 said:
Couldnt the same be said of ANY form of analysis? Its all right in theory, rarely in practice
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It depends, EW has a set of very defined rules that need to obeyed that operate at all degrees in the market. I'm not certain, that other methods are so concise. In addition, EW pre-defined patterns (eg corrections) in the market give clues as to what may happen next (eg 4th wave triangle will be followed by 1 more push up (or down) followed by a correction back down (or up) to the triangle area). Having said that, I will still need to determine entry and exit points using technical analysis (eg trade setups), trading on the waves alone is very difficult unless clear patterns can be easily seen. www.elliottwave.com has some good library material on wave formation.
 
Re: XAO Analysis

OzWaveGuy said:
It depends, EW has a set of very defined rules that need to obeyed that operate at all degrees in the market. I'm not certain, that other methods are so concise.
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Cannot see what is not precise about higher highs, higher lows etc.

I'm mean a 10 year old can pick a trend. :confused:
 
Re: XAO Analysis

Frank/Wayne/Anyone else Ive missed with the same view.(Re Elliott.)

Having trouble with the way people see Elliott or any other analysis for that matter.

It will simply be proven correct or wont.
In Franks analysis his levels will either be proven correct or will be exceeded where then the next level or time frame comes into play.
Elliotts no different.
A count is a count given the information we have up to today.
If it is proven wrong then that count will alter given the information we have from price action.

All analysis can and does alter during the process of trading---Fundamental analysis certainly does!

You guys are like religious fanatics your religion is better than everyone elses when infact its has the same end point----to help read what the market is doing.
 
Re: XAO Analysis

Tech,

The major difference between my model and methodology is, it uses 3 out
of the 4 most critical components of technical analysis;-

Support-Resistance, TIME and Price.

It doesn’t use volume.

I already know where the most logical and robust areas of support
and resistance reside. I already know what and how I’m trading weeks
in advance.

Elliot wave uses 1 component out of the 4:- price.

And what’s even worse still, every wave count (high and low:- Price)
is factored in after the event:- lagging

I used Elliot wave in the 90’s before most even started trading or even
looked at technical analysis, so I’m well versed in Elliot Wave and all
its failings.
 
Re: XAO Analysis

Sigh...I think maybe we should have a separate 'mine is bigger than yours' thread. Maybe we can post some pictures and youtubes too :mad:
 
Re: XAO Analysis

rub92me said:
Sigh...I think maybe we should have a separate 'mine is bigger than yours' thread. Maybe we can post some pictures and youtubes too :mad:
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Yeh isnt there a seperate elliot wave thread for you guys to debate this on? Please use the appropriate threads not just the first you come across.
 
Re: XAO Analysis

Frank D said:
I already know where the most logical and robust areas of support
and resistance reside. I already know what and how I’m trading weeks
in advance.
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Can you give us a chart summary for the XAO for the next few weeks.
 
Re: XAO Analysis

tech/a said:
Frank/Wayne/Anyone else Ive missed with the same view.(Re Elliott.)

Having trouble with the way people see Elliott or any other analysis for that matter.

It will simply be proven correct or wont.
In Franks analysis his levels will either be proven correct or will be exceeded where then the next level or time frame comes into play.
Elliotts no different.
A count is a count given the information we have up to today.
If it is proven wrong then that count will alter given the information we have from price action.

All analysis can and does alter during the process of trading---Fundamental analysis certainly does!

You guys are like religious fanatics your religion is better than everyone elses when infact its has the same end point----to help read what the market is doing.
Click to expand...
Ahahaha

Tech, you have the wrong end of the stick... again.

Your view here is not incongruent with mine.

And when have I ever said my goat's entrails are better than anyone else's... NEVER. We're all just tossing coins. ;)
 
Re: XAO Analysis

By the way what a way to welcome a new member....


Some analysis on the before and after passing of bill scenario will be greatly appreciated. My hunch is that we might have a down day Thursday and Friday, followed by a rally on Monday (on the back of bill enactment).

I think the bailing plan is losing its momentum already, and even if it is passed, it will lose its luster.
 
Re: XAO Analysis

mayk said:
By the way what a way to welcome a new member....


Some analysis on the before and after passing of bill scenario will be greatly appreciated. My hunch is that we might have a down day Thursday and Friday, followed by a rally on Monday (on the back of bill enactment).

I think the bailing plan is losing its momentum already, and even if it is passed, it will lose its luster.
Click to expand...

futures atm are up 130 odd points, shall prove interesting
 
Re: XAO Analysis

mayk said:
By the way what a way to welcome a new member....


Some analysis on the before and after passing of bill scenario will be greatly appreciated. My hunch is that we might have a down day Thursday and Friday, followed by a rally on Monday (on the back of bill enactment).

I think the bailing plan is losing its momentum already, and even if it is passed, it will lose its luster.
Click to expand...

Thanks mayk. My short term view :) is similar to what u describe. A push up on the XAO appears to be occuring (and will hopefully complete the expanded flat pattern I discussed previously), hence the "positive news" should carry the index up to sometime late next week or perhaps the week after before some "bad news" or "loss of confidence" kicks in.
 
Re: XAO Analysis

OzWaveGuy said:
Thanks mayk. My short term view :) is similar to what u describe. A push up on the XAO appears to be occuring (and will hopefully complete the expanded flat pattern I discussed previously), hence the "positive news" should carry the index up to sometime late next week or perhaps the week after before some "bad news" or "loss of confidence" kicks in.
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Hi Oz wave guy,

Could you post a chart so I can view that expanded flat pattern better?
 
Re: XAO Analysis

It's Snake Pliskin said:
Hi Oz wave guy,

Could you post a chart so I can view that expanded flat pattern better?
Click to expand...

No problems. Larger Chart is here --> https://www.aussiestockforums.com/forums/showpost.php?p=339876&postcount=4599

Discussion --->https://www.aussiestockforums.com/forums/showpost.php?p=339845&postcount=4597

No real change except the final leg up 'c' completed a small wave (I) up and possibly wave (II) down (although I suspect one more small leg down needs to complete wave (II) as shown)
 

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Re: XAO Analysis

5500. Really..? Everyone has so many differnet opinions. Yesterday it was Bullish, today Bearish...

Australianstockreport.com.au wreckons we are due for 4800 in the next couple of days... who really knows i guess.
 
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