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XAO Technical Analysis

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Re: XAO Analysis

That is unless you get caught... with a short @ 4400..? You would be wanting to find other peoples opinions as to whether the Dow would increase\decrease tonite to try and clear the position, wouldnt you..?
 
Re: XAO Analysis

Nope, if its underwater u should have been stopped out already. If its in the black, you chuck some trailing stops on and close a bit of the position depending where your targets are.

Whole new ball game if you're position trading/swing trading, but similar principles apply.
 
Re: XAO Analysis

This mineweb article relates particularly to potential for gold hoarding by the chinese... but it's interesting to note the suggestion that the chinese may still be net savers, ie with a bit of spare cash. :cautious:

Just gotta get them to throw a bit more our way and we should be alright. :cool:

http://www.mineweb.com/mineweb/view/mineweb/en/page34?oid=63918&sn=Detail
 

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Re: XAO Analysis

Whiskers said:
This mineweb article relates particularly to potential for gold hoarding by the chinese... but it's interesting to note the suggestion that the chinese may still be net savers, ie with a bit of spare cash. :cautious:

Just gotta get them to throw a bit more our way and we should be alright. :cool:
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That's right Whiskers. We've just got to dig our way out of this hole.

We need to tell the Chinese to "dig up, stupid" for us.
 
Re: XAO Analysis

jaithomson said:
That is unless you get caught... with a short @ 4400..? You would be wanting to find other peoples opinions
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:eek:

Nah mate that's 200 points against you!! I carn't believe you are still holding that :(. That's is a bad trade.

You have risked 200 points what is your target?? 3800??

Madness.
 
Re: XAO Analysis

chops_a_must said:
That's right Whiskers. We've just got to dig our way out of this hole.

We need to tell the Chinese to "dig up, stupid" for us.
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Well, I'm not fussy how we do it, and that's how we've mostly done it... but my connotation was a little broader than that. Yer need to broarden yer perspective a bit to see the oppertunities, chops.

If they are net savers as opposed to net borrowers as is most of the west, then they surely are someone to keep close economic ties with to keep our economy moving. Afterall, they want something we have a good amount off apart from gold and iron ore most among the commodoties, there's education and tourism etc that we can sell to relieve them of some of their cash. :D
 
Re: XAO Analysis

jaithomson said:
My target is 4400, just so I can clear the position....fingers crossed...
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Mate no wonder your asking fearful questions all the time. If you are trading with real $$, without this sounding like a personal attack, you have no friggin idea what you are doing.

STOP TRADING.

You have held a position that's been 300 odd points against you to just get back to break-even. Its not done this way. When you spew up this trade you need to go back to the drawing board and learn about stops and R:R.
 
Re: XAO Analysis

Just in case people are thinking today's interest rate cut and the subsequent rally on the market means everything is just okey dokey out there, consider this on just one aspect of the European situation from Crikey.com today:

Iceland remains the focus in Europe. Trading was suspended in banks, financial stocks and guaranteed bank deposits, joining Denmark, Ireland, Germany, Italy and Greece in doing so.

But banks heavily sold the citizens and businesses foreign currency loans at low interest rates in recent years (shades of our Swiss Loans Affair in the 1990s). The plunge in the kronor, the country's currency, has seen the size and cost of those loans balloon: the currency shed 20% last week alone after the bailout of the third largest bank, Glitnir.

The country has around $A180 million to cover billions of dollars of bank deposits (more than $A30 billion by some estimates). Many of those deposits are from people in other countries. These cross border deposits are a minefield and some may or may not be covered by the spreading regime of individual Government guarantees.

In a national speech overnight, the country's Prime Minister Geir Haarde warned that the country was threatened with "national bankruptcy'' from the credit crisis as he introduced emergency legislation to give the government sweeping new powers over the financial sector.

Iceland could be the first country to go broke in this crisis. It may need bailing out, not the banks which the Government and the authorities allowed to borrow short and lend domestically and internationally.
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Re: XAO Analysis

We've seen this movie before. In a climate of deleveraging, deflating asset prices across all classes and tight credit, rate cuts aren't much good for anything except dead cat bounces.
 

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Re: XAO Analysis

Before or after your margin calls? Or in the event of a sharp rally your broker liquidating the position on market?

Heed TH's advice. You're gonna lose sleep and possibly money sticking with your position.
 
Re: XAO Analysis

He gave you the best advice you are going to get.

Either take it on board and take some responsibility for yourself, and your own trading decisions, or stop asking questions for answers of what you want to hear.

Because until you do the former, no-one is going to care about giving you the latter.
 
Re: XAO Analysis

Jai in the event you get out of this unscathed( or even with a gain)I would probably take my finger off the button for a while and stop using the share market to gamble. Just remember sometimes luck will get you deeper in until you lose the lot. So don’t mistake getting lucky in a trade to it being equal to a good trade or you will simply be in the same position again in future

Having stops and a trading plan are vital. Otherwise you get exactly where you are now in the land of hope and pray.
 
Re: XAO Analysis

wavepicker said:
On my charts I had 8th August. I came about this date by counting 55 Fibonacci traded days forward from the 19 May high. Only problem is, I made a mistake as I counted 58 days forward which is the 8th August!!! The actual forecasted turn date was suppose to be 5th August which makes it BANG on right. FREAKY!!! The price target was 4691 and the market missed it by 130 odd points but it was close enough IMO. All this was forecasted from months earlier.

Wavepicker
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I suppose 300 points and 2 months off isn't too bad either...

Freaky!

:rolleyes:
 
Re: XAO Analysis

chops_a_must said:
Freaky enough to create how many new accounts Kennas? ;)
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I've lost count, but perhaps he's also related to Cramer who only a little while ago called a bottom and is now saying 7700 on the Dow is a real possibility.

:confused:

He's a gem isn't he?

I suppose the market's a slightly dynamic place at the moment and we should all be allowed to adjust our views on the run.... eeeeek!!
 
Re: XAO Analysis

kennas said:
I've lost count, but perhaps he's also related to Cramer who only a little while ago called a bottom and is now saying 7700 on the Dow is a real possibility.

:confused:

He's a gem isn't he?

I suppose the market's a slightly dynamic place at the moment and we should all be allowed to adjust our views on the run.... eeeeek!!
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It's a bit late for a five year plan...

If you're still there now, you'd have to look at what you would almost want to be buying anyway. He should be talking about options if he wants to lower people's risk profiles. Learning about options has been a godsend for me, when looking at the market now. Gives you a lot less fear and a big opportunity to hedge when buying through here.

FWIW, from a noob perspective, looks like volatility is being sold on all but things commodities...
 
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