Trembling Hand
Can be found on the bid
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Re: XAO Analysis
Nah, definitely bad fish.:crap:........
Nah, definitely bad fish.:crap:........
XAO Technical Analysis
- Thread starter Sean K
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Re: XAO Analysis
Sh-ushi!! You'll wake the Kidz in America.....
Nah, definitely bad fish.:crap:........
Sh-ushi!! You'll wake the Kidz in America.....
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Re: XAO Analysis
overdue a bounce has bought accordingly
my post is not to be flowed just calling it as im playing it
all trades taken with losses in mind and all trades done with disciplined stoploss points in mind , gaps thru them go to plan b
overdue a bounce has bought accordingly
my post is not to be flowed just calling it as im playing it
all trades taken with losses in mind and all trades done with disciplined stoploss points in mind , gaps thru them go to plan b
Trembling Hand
Can be found on the bid
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Re: XAO Analysis
To continue on my shameless self-promotion......
Death of the dip buyer???
Maybe not yet but very interesting finish to the day.
Bring on the bloody fight tonight!!
Bring on the CAPITULATION I say. All this hope is doing no good for the markets.
Its been the easiest play in the book, buying the gaps down but this time its different. I want BLOOD.
I want two or more really ugly closes instead of strong ones.
We may get that today. I don't think we have the same chance of a strong close. Then again just like Pavlov's dogs I know what the futs traders are going to do, buy the opening dips
To continue on my shameless self-promotion......
Death of the dip buyer???
Maybe not yet but very interesting finish to the day.
Bring on the bloody fight tonight!!
chops_a_must
Printing My Own Money
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Re: XAO Analysis
When the defensive stocks are copping a bath, selling chucked at anything with strength... hmmm... Must be getting close to an all out capitulation.
white_goodman
BOC
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Re: XAO Analysis
lets hope so, hope my pay check has come in by that time
4200 still the target for all you billy elliots?
lets hope so, hope my pay check has come in by that time
4200 still the target for all you billy elliots?
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Re: XAO Analysis
Excellent news! All Ords *only* DOWN 228 pts or -5%.
Obviously the much vaunted RATE CUT has prevented a rout.
Come out ye BULLS!
Excellent news! All Ords *only* DOWN 228 pts or -5%.
Obviously the much vaunted RATE CUT has prevented a rout.
Come out ye BULLS!
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Re: XAO Analysis
I've been waiting patiently (anxiously!) for a decent capitulation too, although I have dipped my toe in the water a few times in the past week.
Even though the All Ords is at its lowest in years, many of the blue chips are still over 10% above their recent lows.
I'm buying if any of the big banks or insurers start testing their 52 week lows.
I've been waiting patiently (anxiously!) for a decent capitulation too, although I have dipped my toe in the water a few times in the past week.
Even though the All Ords is at its lowest in years, many of the blue chips are still over 10% above their recent lows.
I'm buying if any of the big banks or insurers start testing their 52 week lows.
Porper
Ralph Nelson Elliott
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Re: XAO Analysis
I think you will be lucky.
This ain't the bottom, not by a long way.
We aren't going to just turn around either.Too much damage has been done now.
When we bottom I think we will drift aimlessly for a long time.
I think you will be lucky.
This ain't the bottom, not by a long way.
We aren't going to just turn around either.Too much damage has been done now.
When we bottom I think we will drift aimlessly for a long time.
chops_a_must
Printing My Own Money
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Re: XAO Analysis
"We all know that after these downturns, the market just gets back to normal." ad nauseam.
It's ludicrous, and ignores the fact that after these sorts of moves, a whole heap of companies are usually completely finished.
So much capital has been destroyed, and leverage taken away, we just aren't going to get prolonged rebounding moves.
The journalists astound me.
"We all know that after these downturns, the market just gets back to normal." ad nauseam.
It's ludicrous, and ignores the fact that after these sorts of moves, a whole heap of companies are usually completely finished.
So much capital has been destroyed, and leverage taken away, we just aren't going to get prolonged rebounding moves.
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chops_a_must
Printing My Own Money
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Re: XAO Analysis
Good point, even at current levels the stockmarket is not cheap given the deteriorating earnings picture. In addition to the banks, none of the retailers that I'm watching such as TRS and JBH are even close to revisiting their previous lows, in fact they didn't even touch yesterday's lows.
Good point, even at current levels the stockmarket is not cheap given the deteriorating earnings picture. In addition to the banks, none of the retailers that I'm watching such as TRS and JBH are even close to revisiting their previous lows, in fact they didn't even touch yesterday's lows.
Porper
Ralph Nelson Elliott
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Re: XAO Analysis
Just looking at the charts, the Dow has lost 33%, ASX 41%.
I would say we need to get to at least 50% before any sort of bottom is formed.
This is purely my "feeling".
This would also play out using Elliot/Fib projections.
We have probably gone down too far to have a crash now, but you never know.
It would suit me better to have a large fall, and it would draw a line in the sand.
Just looking at the charts, the Dow has lost 33%, ASX 41%.
I would say we need to get to at least 50% before any sort of bottom is formed.
This is purely my "feeling".
This would also play out using Elliot/Fib projections.
We have probably gone down too far to have a crash now, but you never know.
It would suit me better to have a large fall, and it would draw a line in the sand.
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Re: XAO Analysis
I think you're right in your average garden variety recession but I think this
may be a bit different.
I dont think we'll be done til the banks are hanging on by their teeth and BHP and RIO are relegated to junk bond status. (Thank you China)
I think you're right in your average garden variety recession but I think this
may be a bit different.
I dont think we'll be done til the banks are hanging on by their teeth and BHP and RIO are relegated to junk bond status. (Thank you China)
Re: XAO Analysis
I am now waiting for capitulation. Sad, I know. Setting quite low limit buy orders for some good fundamental stocks (mostly blue chip around 20% below their recent lows). Anyone else doing the same? Of course this question is directed to Investors/partial trader (with long term time frame 3-5 years).
I am now waiting for capitulation. Sad, I know. Setting quite low limit buy orders for some good fundamental stocks (mostly blue chip around 20% below their recent lows). Anyone else doing the same? Of course this question is directed to Investors/partial trader (with long term time frame 3-5 years).
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Re: XAO Analysis
Take ANZ for example. 52 wk low of $15.07. 20% below this = $12.06.
Or QBE. 52 wk low of $19.50. 20% below this = $15.60.
I don't think I've got the patience to wait til these lows til I buy in, IF they eventuate.
Take ANZ for example. 52 wk low of $15.07. 20% below this = $12.06.
Or QBE. 52 wk low of $19.50. 20% below this = $15.60.
I don't think I've got the patience to wait til these lows til I buy in, IF they eventuate.
Re: XAO Analysis
More useless stats...
* we are sitting just above the quarterly pivot (to Sep 30) at 4349. (So... presently obeying pivot points)
* though we closed below the 3 year S1 (using standard pivot point formulas) 2 days ago, the next day we closed above. Today we went straight through. XAO had previously passed the 1 year pivot support (seems so long ago now)
* 5 year S1 (year ending Dec 07) is at 3767.
Will it get down that far? (It ain't looking up yet)
Tim
More useless stats...
* we are sitting just above the quarterly pivot (to Sep 30) at 4349. (So... presently obeying pivot points)
* though we closed below the 3 year S1 (using standard pivot point formulas) 2 days ago, the next day we closed above. Today we went straight through. XAO had previously passed the 1 year pivot support (seems so long ago now)
* 5 year S1 (year ending Dec 07) is at 3767.
Will it get down that far? (It ain't looking up yet)
Tim
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Re: XAO Analysis
one thing I have learned on ASF, is to look for a CATALYST preceding direction.
The catalyst i see is the almost complete breakdown of the OTC derivative system.
As noted in other threads, it is monumental in size, I have not seen any indication from any poster, on how this may be even remotely resolved.
( I did pose the question)...any clues?..gurus please reply
one thing I have learned on ASF, is to look for a CATALYST preceding direction.
The catalyst i see is the almost complete breakdown of the OTC derivative system.
As noted in other threads, it is monumental in size, I have not seen any indication from any poster, on how this may be even remotely resolved.
( I did pose the question)...any clues?..gurus please reply