XAO Technical Analysis
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Re: XAO Analysis
Well, look at the recent capitulation in January. Every thing went flat down, all sense and reasoning went out the window. It was the scariest day of all (YET!), if you ask me of this year on ASX.
Well, look at the recent capitulation in January. Every thing went flat down, all sense and reasoning went out the window. It was the scariest day of all (YET!), if you ask me of this year on ASX.
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Re: XAO Analysis
Hmmm. Not IMO. In January, the World Economic Experts still had BUCKET loads of magic tricks to throw at the giant [size=+2]Stay Puft Man[/size] careering towards them.
Now, after throwing practically EVERYTHING (including the kitchen sink) at that sticky sucker, ol' [size=+2]Stay Puft[/size] is lurching ever closer. The Fed could do worse than call [size=+1]Gho$tBu$ter$[/size]!!! :22_yikes:
Hmmm. Not IMO. In January, the World Economic Experts still had BUCKET loads of magic tricks to throw at the giant [size=+2]Stay Puft Man[/size] careering towards them.
Now, after throwing practically EVERYTHING (including the kitchen sink) at that sticky sucker, ol' [size=+2]Stay Puft[/size] is lurching ever closer. The Fed could do worse than call [size=+1]Gho$tBu$ter$[/size]!!! :22_yikes:
tech/a
No Ordinary Duck
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Re: XAO Analysis
Remember when you could buy a house and rent it out and make a profit without any problem in the world.We just kept it for 5 yrs and made a motza.
Well it wont be long and loading up on quality stock will give you exactly the same result.
This sort of pullback only occurs once in 20+ years and only becuase the system HAS to change.
Once changed and if your set----you wont have to worry about retirement.
Skin the volatility or ride the value.
Remember when you could buy a house and rent it out and make a profit without any problem in the world.We just kept it for 5 yrs and made a motza.
Well it wont be long and loading up on quality stock will give you exactly the same result.
This sort of pullback only occurs once in 20+ years and only becuase the system HAS to change.
Once changed and if your set----you wont have to worry about retirement.
Skin the volatility or ride the value.
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Re: XAO Analysis
..... no offense to anyone , BUT some chartists have been calling the bottom from 6200 down gotta be right someday hey me personally will wait till a confirmed reversal and maybe miss a cupla bucks before i jump back in with both feet .
my post is not directed at some here as many here have called this correction from the start not afterwards like so many great chartists do
quite happy trading the volatility and panic in the meantime tho
..... no offense to anyone , BUT some chartists have been calling the bottom from 6200 down gotta be right someday hey me personally will wait till a confirmed reversal and maybe miss a cupla bucks before i jump back in with both feet .my post is not directed at some here as many here have called this correction from the start not afterwards like so many great chartists do
quite happy trading the volatility and panic in the meantime tho
Re: XAO Analysis
Yes I am happy enough trading the volatility atm. Is there some significance with 4200 for EW or something?
Yes I am happy enough trading the volatility atm. Is there some significance with 4200 for EW or something?
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Re: XAO Analysis
I think afew in here use EW to its full extent , better off asking them , tech/a, whiskers,ozwaveguy, cupla others spring to mind
cheers
I think afew in here use EW to its full extent , better off asking them , tech/a, whiskers,ozwaveguy, cupla others spring to mind
cheers
Whiskers
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Re: XAO Analysis
Heavens above, nunthewiser... I get into enough trouble around here without you nominating me as an exponent of EW.:
It's natural justice to allow anyone an "L" plate, but I'm havin the damn'dst trouble getting my accreditation even raised to "P" plate status.
But anyway, I've been busy lookin around for signs... oil is past the point of no return, new lows and much more to come. That will obviously enable the world to recover quickly, as soon as the credit problems are resolved.
Not certain yet, but porper also noted thursday/friday as a significant period.
My intuition of all the markets is there is one hell-of-a-rebound about to unleash.
My intuition is that the trigger will come from England on thursday/friday.
Heavens above, nunthewiser... I get into enough trouble around here without you nominating me as an exponent of EW.
:It's natural justice to allow anyone an "L" plate, but I'm havin the damn'dst trouble getting my accreditation even raised to "P" plate status.
But anyway, I've been busy lookin around for signs... oil is past the point of no return, new lows and much more to come. That will obviously enable the world to recover quickly, as soon as the credit problems are resolved.
Not certain yet, but porper also noted thursday/friday as a significant period.
My intuition of all the markets is there is one hell-of-a-rebound about to unleash.
My intuition is that the trigger will come from England on thursday/friday.
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Re: XAO Analysis
LOL i didnt say u guys were right i just said ya used it more trhoroughly:
he asked an EW sorta question , better u guys answering than me giving a bogans eye view on it i cant pronounce the lingo .
gotta love that gold price eh
cheers
LOL i didnt say u guys were right i just said ya used it more trhoroughly
:he asked an EW sorta question , better u guys answering than me giving a bogans eye view on it
i cant pronounce the lingo .gotta love that gold price eh
cheers
chops_a_must
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Re: XAO Analysis
The problem is though, which companies are you going to target? You can't really tell which ones are going to go bust.
The categories listed in importance I have are:
Low debt.
Dividend paying.
Liquid options.
Defensive and low risk sectors.
Beyond that I am really struggling to be able to look at what is going to be a good buy over time.
I like some of the industrials and commodities, but they are going to be bottoming over a longer time frame IMO...
Whiskers is the only one I can think of really, TBH.
my post is not directed at some here as many here have called this correction from the start not afterwards like so many great chartists do
quite happy trading the volatility and panic in the meantime tho
Lol... and you've said the same thing for 1900 points! You've ridden it the whole way down!
Agree Tech, and I have been waiting nearly 12 months for this period in time.
The problem is though, which companies are you going to target? You can't really tell which ones are going to go bust.
The categories listed in importance I have are:
Low debt.
Dividend paying.
Liquid options.
Defensive and low risk sectors.
Beyond that I am really struggling to be able to look at what is going to be a good buy over time.
I like some of the industrials and commodities, but they are going to be bottoming over a longer time frame IMO...
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Re: XAO Analysis
Just re-read posts for 18/01/2008 through 24/01/2008.
Educational...
What strikes me though is the fact that when the rally started many couldn't believe it would last for more than a day and many placed shorts on everything that moved up.
I wonder, with shorts banned these days, what the rally will look like...
Just re-read posts for 18/01/2008 through 24/01/2008.
Educational...
What strikes me though is the fact that when the rally started many couldn't believe it would last for more than a day and many placed shorts on everything that moved up.
I wonder, with shorts banned these days, what the rally will look like...
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Whiskers
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Re: XAO Analysis
LOL
Yeah I reckon I'm right.
I been picking some nice swing trades but the volatility is making it hard to judge the distance in some cases, especially in the indicies.
Still like the Expanded Flat scenerio... looks valid on the Dow also.
That being the case the rebound up leg C should be pretty well straight up as opposed to maybe 45/60 degrees for an a of and abc correction.
As for gold... if I'm correct it won't go much higher before it starts a five wave C back towards 800ish.
It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
LOL i didnt say u guys were right i just said ya used it more trhoroughly
he asked an EW sorta question , better u guys answering than me giving a bogans eye view on it
gotta love that gold price eh
cheers
LOL
Yeah I reckon I'm right.
I been picking some nice swing trades but the volatility is making it hard to judge the distance in some cases, especially in the indicies.
Still like the Expanded Flat scenerio... looks valid on the Dow also.
That being the case the rebound up leg C should be pretty well straight up as opposed to maybe 45/60 degrees for an a of and abc correction.
As for gold... if I'm correct it won't go much higher before it starts a five wave C back towards 800ish.
It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
chops_a_must
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Re: XAO Analysis
Mmmm.... a bit of synchronicity... check out my post in the MTS thread yesterday... lololololololololol.
chops_a_must
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Re: XAO Analysis
And god knows how you expect that to be bearish for gold. Anyway...
Yep, because now the British own the banks, cutting rates is gonna make a massive difference.It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
And god knows how you expect that to be bearish for gold. Anyway...
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Re: XAO Analysis
gave my guess on gold previously on other thread
as far as a bounce goes re xao i entered a number of small positions today , arvo /auction in anticipation of it .... a bit risky but i have my own reasons for suspecting a bounce imminent ... prolly wrong , and calculated a loss into my trade entrys , what will be will be
LOL
That being the case the rebound up leg C should be pretty well straight up as opposed to maybe 45/60 degrees for an a of and abc correction.
As for gold... if I'm correct it won't go much higher before it starts a five wave C back towards 800ish.
It all gels in for me... just waiting for the trigger from England in a day or two... maybe a massive rate cut there too... to set it off.
gave my guess on gold previously on other thread
as far as a bounce goes re xao i entered a number of small positions today , arvo /auction in anticipation of it .... a bit risky but i have my own reasons for suspecting a bounce imminent ... prolly wrong , and calculated a loss into my trade entrys , what will be will be
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Re: XAO Analysis
LOL i havent actually looked at the MTS thread here as yet .....oh dear , i wont point that one to ya then:
i hold and have been accumulating as an investment from around 2.30 upwards , average cost now at 3.90 not including return on investment through the fairly peese weak divvy but hey it still pays me one and is fully franked , also i trade it and often keep stock as profit instead of cash on it ...
will hunt down the thread and have a read
cheers
LOL i havent actually looked at the MTS thread here as yet .....oh dear , i wont point that one to ya then
:i hold and have been accumulating as an investment from around 2.30 upwards , average cost now at 3.90 not including return on investment through the fairly peese weak divvy
but hey it still pays me one and is fully franked , also i trade it and often keep stock as profit instead of cash on it ... will hunt down the thread and have a read
cheers
Whiskers
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Re: XAO Analysis
Of course Chops! One has to trade it.
Oh, you were away when someone else started this arguement and I was amazed at my own prowess when forced to post my record..: : :
Well Chops, if you were confident with your FA, trust your TA and temper it with EW.
I differ on the wave count to other EW'ers, but I think we still generally agree on many of the turn points.
PS: Chops, even if the gov owns the banks a massive rate cut flows through to and equates to more affordability for consumers.
Just notice the real estate auction reports in aus today for example. An instant increase in demand for housing.
Short term a bit bearish because oil is falling faster too, remember... hence inflation/risk concerns recede.
Of course Chops! One has to trade it.
Oh, you were away when someone else started this arguement and I was amazed at my own prowess when forced to post my record..
: : :Well Chops, if you were confident with your FA, trust your TA and temper it with EW.
I differ on the wave count to other EW'ers, but I think we still generally agree on many of the turn points.
PS: Chops, even if the gov owns the banks a massive rate cut flows through to and equates to more affordability for consumers.
Just notice the real estate auction reports in aus today for example. An instant increase in demand for housing.
Short term a bit bearish because oil is falling faster too, remember... hence inflation/risk concerns recede.