XAO Technical Analysis
- Thread starter Sean K
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chops_a_must
Printing My Own Money
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Re: XAO Analysis
A lot of vacant houses around that can't be sold...
It's already happening here in Perth, you just don't here about it.
A lot of vacant houses around that can't be sold...
Re: XAO Analysis
Yeah, Whiskers ability to call the the overall direction of the market both fundamentally and technically speaks for itself. However, I'm going to agree with him for a change. It's not exactly a difficult call to make that we are oversold in the short term. We are overdue for a bounce, could come as early as tonight if we see a turnaround midday after a sharp sell off in the US tonight. But then again maybe not. Could, if, how's that for hedging? Can I call myself a technical analyst now?
Yeah, Whiskers ability to call the the overall direction of the market both fundamentally and technically speaks for itself. However, I'm going to agree with him for a change. It's not exactly a difficult call to make that we are oversold in the short term. We are overdue for a bounce, could come as early as tonight if we see a turnaround midday after a sharp sell off in the US tonight. But then again maybe not. Could, if, how's that for hedging? Can I call myself a technical analyst now?
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Kauri
E/W Learner
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Re: XAO Analysis
well... the press over in blighty agrees with you ... has done for days... even ex-MPC's are listening to you... and they even agree about the timing...
Ex-MPC member Sushil Wadhwani has called on the BoE MPC to cut UK Bank Rate by 100bp to 4.0% tomorrow (FT). UK Bank Rate has been at 5.0% since April.
Cheers
.........Kauri
well... the press over in blighty agrees with you ... has done for days... even ex-MPC's are listening to you... and they even agree about the timing...
Ex-MPC member Sushil Wadhwani has called on the BoE MPC to cut UK Bank Rate by 100bp to 4.0% tomorrow (FT). UK Bank Rate has been at 5.0% since April.
Cheers
.........Kauri
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Re: XAO Analysis
gawd bless america and them darn limeys i say ........hohoho
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
gawd bless america and them darn limeys i say ........hohoho
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Re: XAO Analysis
Wow, Dow futures just rocketed, FTSE up, SPI futures up on the news that just about every single central bank cut by 50 basis points.
... And I'm holding a small short, and I'll be on an airplane when the market opens tomorrow.
This is gonna hurt.
Wow, Dow futures just rocketed, FTSE up, SPI futures up on the news that just about every single central bank cut by 50 basis points.
... And I'm holding a small short, and I'll be on an airplane when the market opens tomorrow.
This is gonna hurt.
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Re: XAO Analysis
4200? Well the aussie futures almost hit that a couple of days ago - did I miss some good news? Ah yes, interest rate cut of a massive 1% - must be the master event to put everyone back on course
Seriously, 4200 is close to a 61.8% retracement of the leg up from 2003, so it has some relevance. However, at a minimum, we still need to trace out 5 waves down to complete the second five in the 5-3-5 zig-zag correction. Already posted a longer term view here...
https://www.aussiestockforums.com/forums/showpost.php?p=345301&postcount=4828
4200? Well the aussie futures almost hit that a couple of days ago - did I miss some good news? Ah yes, interest rate cut of a massive 1% - must be the master event to put everyone back on course
Seriously, 4200 is close to a 61.8% retracement of the leg up from 2003, so it has some relevance. However, at a minimum, we still need to trace out 5 waves down to complete the second five in the 5-3-5 zig-zag correction. Already posted a longer term view here...
https://www.aussiestockforums.com/forums/showpost.php?p=345301&postcount=4828
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Re: XAO Analysis
u guys watchin the poms and the yank futures? , this is just absolutely amazing !
u guys watchin the poms and the yank futures? , this is just absolutely amazing !
Re: XAO Analysis
This 4200 number was emailed to me a few weeks back and again in the past few days. It mentioned it would not go below this number. So I was interested in opinions as I know this guy is into EW
This 4200 number was emailed to me a few weeks back and again in the past few days. It mentioned it would not go below this number. So I was interested in opinions as I know this guy is into EW
Re: XAO Analysis
just wondering if it is possible to get chart of the futures trades for the day or past periods from usa
am interested to see the relationship between our all ords the dow and futures chart
i realise that all ords closely follows the dow but how much does the dow follow the previous futures
hope this makes sense
just wondering if it is possible to get chart of the futures trades for the day or past periods from usa
am interested to see the relationship between our all ords the dow and futures chart
i realise that all ords closely follows the dow but how much does the dow follow the previous futures
hope this makes sense
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Re: XAO Analysis
Quite possibly, depending how far against you it goes. From an elliott wave standpoint there's a probable small expanded flat correction (wave c) up on the XAO and a 3rd (last) wave of a zig-zag correction up on the Aussie futures - both should see 5 small waves up to complete around the 4800 mark (61.8% retracement) on the XAO for completion.
Quite possibly, depending how far against you it goes. From an elliott wave standpoint there's a probable small expanded flat correction (wave c) up on the XAO and a 3rd (last) wave of a zig-zag correction up on the Aussie futures - both should see 5 small waves up to complete around the 4800 mark (61.8% retracement) on the XAO for completion.
subaru69
Just keep swimming...
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Re: XAO Analysis
US has dropped rates by 50bps about an hour ago (I just realised this a few minutues back).
I saw the DOW down 150, then up 150, then up 18, now up 115. All in the space of an hour!!
It's very confusing for me
US has dropped rates by 50bps about an hour ago (I just realised this a few minutues back).
I saw the DOW down 150, then up 150, then up 18, now up 115. All in the space of an hour!!
It's very confusing for me
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Re: XAO Analysis
Although not using any analysis methods, my "feel" for the state of the economy is that we're not ready for a real turn around yet, just more dead cat bounces.
Since my holding is small, I'm tempted to watch to see if tomorrow holds any upwards momentum, and if it doesn't, double my short from a higher position.
Although not using any analysis methods, my "feel" for the state of the economy is that we're not ready for a real turn around yet, just more dead cat bounces.
Since my holding is small, I'm tempted to watch to see if tomorrow holds any upwards momentum, and if it doesn't, double my short from a higher position.
Trembling Hand
Can be found on the bid
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Re: XAO Analysis
It don't work like that. The cash follows the futs on a second by second basis. What happened yesterday stay is the past.
It don't work like that. The cash follows the futs on a second by second basis. What happened yesterday stay is the past.
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Re: XAO Analysis
I still reckon the cat has all its lives, so another 9 bounces should be in order
theasxgorilla
Problem solved... next bubble.
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Re: XAO Analysis
FWIW I always like to keep in mind that there is the economy (the real one and the statistical one), and the sharemarket. Is the sharemarket an outward representation/scorecard for the real economy? Not likely IMO.
FWIW I always like to keep in mind that there is the economy (the real one and the statistical one), and the sharemarket. Is the sharemarket an outward representation/scorecard for the real economy? Not likely IMO.
Re: XAO Analysis
Looks like it was the bounce that never was, US futures now pointing sharply down and Europe off -5% again.
I still reckon the cat has all its lives, so another 9 bounces should be in order
Looks like it was the bounce that never was, US futures now pointing sharply down and Europe off -5% again.