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XAO Technical Analysis

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Re: XAO Analysis

Lol @ Wavepicker.

Maybe we should let him short his own cred. Maybe then he could get something right.

Will be looking to buy some gold stocks today, depending...
 
Re: XAO Analysis

tech/a said:
There is no doubt that everything will suffer from the end of the financial world as we know it---panick selling.



I have 2 long trades both in the resource sector. I will be pulling my stops.
Standing aside and watching for opportunity.---It will come. Sub $30 BHP---nice!!




Nothing surer.
Whatever the crowd is doing I'll be doing the opposite---mind you timing is important.
No that doesnt mean buying my brains out today---but it does mean watching carefully.
Click to expand...


Yep, this will be the best opportunity since an 22nd..... or maybe tomorrow will be even better.
 
Re: XAO Analysis

I'm looking to play for longs either right on the Futs open or around 10:10 to 10:30.

Thinking is we close higher than we are on the cash open or low of the morning.

Either way its going to be a high volume, big range **** fight today. :D
 
Re: XAO Analysis

I'll definitely be keeping my eye out today as well; certainly looking forward to seeing a bit of carnage :D
 
Re: XAO Analysis

CamKawa said:
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well. :D
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Might have to include banning auto stop loss triggers too....

Funny how share trading volumes have plunged around the world since the first day of the ban....
 
Re: XAO Analysis

Aussiejeff said:
Might have to include banning auto stop loss triggers too....

Funny how share trading volumes have plunged around the world since the first day of the ban....
Click to expand...

Apart from some people here, you could see that a mile off.

Difficulties in controlling risk, means no buying.
 
Re: XAO Analysis

Gonna be fun seeing CFD's and Margin Lenders liquidating when cash opens. So imo long open, short cash, then long after open again :)
Have fun guys!
 
Re: XAO Analysis

Well, didn't take long for that count to sort itself.


Looks like the wave 3 down is going to get on with job today.

Strong and powerful is common for a wave 3, and we are going to get it big style today.

Wouldn't be surprised if we get a bounce up to the underside of the ledge that has formed since mid August at some point before making our merry way much lower again.

The world is ending scenario is here.Soon be time to get bullish again.;)
 
Re: XAO Analysis

CNBC Trading matters they have two conflicting reports


The markets will open at 10am and the other markets open in 30 mins. They can't get an aswer!

We are to open 375 down on the XOA
 
Re: XAO Analysis

Well, news.com.au confirmed that an ASX spokesman confirming the opening hours will be as per normal. Reuter had it wrong apparently.
 
Re: XAO Analysis

Temjin said:
Well, news.com.au confirmed that an ASX spokesman confirming the opening hours will be as per normal. Reuter had it wrong apparently.
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... From CommSec

Extension to ASX Opening Phase< Tuesday 30th September
Group 1 (A-B) 10.00am
Group 2 (C-F) 10.04am
Group 3 (G-M) 10.08am
Group 4 (N-R) 10.12am
Group 5 (S-Z) 10.16am
 
Re: XAO Analysis

From Commsec:
Extension to ASX Opening Phase Tuesday 30th September
Group 1 (A-B) 10.00am
Group 2 (C-F) 10.04am
Group 3 (G-M) 10.08am
Group 4 (N-R) 10.12am
Group 5 (S-Z) 10.16am

Whoops! crossed
 
Re: XAO Analysis

2352 GMT [Dow Jones] After a record rout on Wall Street overnight following Congress' failure to pass a US$700 billion bailout of the financial system, the ASX is staggering the opening of Australian share trading. The time between the alphabetical opening of stocks will be extended by several minutes. Further comment from the ASX wasn't immediately available. SFE 200 pointing to a 7% drop when the Australian market opens. (SVM)
 
Re: XAO Analysis

Nikkei looking relatively good... so far...


weak Japanese data and the relatively buoyant Nikkei considering the Wall Street plunge look to be supportive. The Nikkei is currently down 179.67 points or 1.53% at 11,563.94, not much given the 777.68 point or 6.98% plunge in the DJIA to 10,365.45.

Cheers
..........Kauri
 
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