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XAO Technical Analysis

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Re: XAO Analysis

Hey, I've got a great title for a new prime-time US Game Show -

[size=+2]"BULLION or BUST!![/size]"

Waddya think?


:)
 
Re: XAO Analysis

Sunder said:
I closed my short and opened a small long while it was 5.1% down. It's now 5.3% down.
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Reminder to self: NEVER EVER go long before 11:30am on a significant down day when you expect margin calls. :banghead:

Gonna see if it recovers, then change my position to short at 2:30 before the next round of margin call selloffs.
 
Re: XAO Analysis

Sunder said:
Reminder to self: NEVER EVER go long before 11:30am on a significant down day when you expect margin calls. :banghead:

Gonna see if it recovers, then change my position to short at 2:30 before the next round of margin call selloffs.
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Wasn't margin calls it was the Nikkei opening limit down over 10%.

Ya gotta know what happening out there :(
 
Re: XAO Analysis

"Paulson and other leaders need to step up and tell bank they have one hour to start lending if they don't the fed's will begin borrowing to people at the rate they charge the banks. its all about competition."

Would this work?
 
Re: XAO Analysis

sam76 said:
"Paulson and other leaders need to step up and tell bank they have one hour to start lending if they don't the fed's will begin borrowing to people at the rate they charge the banks. its all about competition."

Would this work?
Click to expand...

Or we SEND IN THE NATIONAL GUARD!
 
Re: XAO Analysis

Next little hurtle for this 11:30 bounce will be at 12:45 - 1:00 when Hong Kong opens.

We are 100 points off the low. Will it survive the 5 to 10 % the HSI is going to open down?
 
Re: XAO Analysis

Trembling Hand said:
Next little hurtle for this 11:30 bounce will be at 12:45 - 1:00 when Hong Kong opens.

We are 100 points off the low. Will it survive the 5 to 10 % the HSI is going to open down?
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thanks TH your a star , tis an asset here havin someone glued to the pulse
 
Re: XAO Analysis

Those who are short have to take some profit at some time, Have a looka the move up, it is not a rocket, it is gradual, so generally speaking the bigger hands are offloading their shorts to the weaker hands who think they are buying a bargain. If the strong hands think their is more downside then they will come back in at some point and shove the weak hands down.

Ultimatley we will see after lunch who the strong hands are today.
 
Re: XAO Analysis

kotim said:
Those who are short have to take some profit at some time, Have a looka the move up, it is not a rocket, it is gradual, so generally speaking the bigger hands are offloading their shorts to the weaker hands who think they are buying a bargain. If the strong hands think their is more downside then they will come back in at some point and shove the weak hands down.

Ultimatley we will see after lunch who the strong hands are today.
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There are no shorts!

That's one of the problems.
 
Re: XAO Analysis

kotim said:
it is gradual, so generally speaking the bigger hands are offloading their shorts to the weaker hands who think they are buying a bargain.
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That don't make sense :confused:

The shorts BUY to close. So they are taking stock/futs off the sellers?

Can you explain your statement a bit more.
 
Re: XAO Analysis

Remember what Churchill said:

"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
 
Re: XAO Analysis

sam76 said:
"Paulson and other leaders need to step up and tell bank they have one hour to start lending if they don't the fed's will begin borrowing to people at the rate they charge the banks. its all about competition."

Would this work?
Click to expand...

They have just suspended fair accounting rules, in other words, the SEC has legalised lying about your financial state, and then they expect people to lend to each other??????

If you are insolvent (as most banks are) no one will lend to you. If you are able to lie about your insolvency and everyone knows you are lying it doesn't change anything!!

Half-wit financial commentators who talk about it being a crisis of confidence have it a#$e backwards. The root cause is an insolvent financial system because of so many trillions of now worthless OTC derivatives.

The Fed has already said it will start to lend to certain businesses. The end result will be the same, death of the system, and a massive wave of inflation.
 
Re: XAO Analysis

someone at the ASX needs to hit the reboot button the the old commodore 64.

the carnage is just horrific...

i have no trades open... but i'm just terrified!!! :eek:

the way XAO is going... it;s looking like 3500 is more and more of a reality... i never ever truly believe that it could be a possibility, but i'm finally waking up to it..

Whisker's "pot hole" is starting to look like an abyss...
 
Re: XAO Analysis

I was specifically referring to the futures market.

When you go short say on a futures contract, to get out(flat) someone has to buy it from you, so in other words. Most futures traders work on parameters and don't rely on trends to the same degree as stock traders, so in other words they are more likely to have a profit objective and get out at a specified profit objective.

someone has to take the other side.
 
Re: XAO Analysis

kotim said:
When you go short say on a futures contract, to get out(flat) someone has to buy it from you, so in other words. Most futures traders work on parameters and don't rely on trends to the same degree as stock traders, so in other words they are more likely to have a profit objective and get out at a specified profit objective.
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Mate your terms are all mixed up. To close a short you "Buy to Close" the person on the other side can only be "Selling to open" or "Selling to Close".


There aint no buyers on the other side of a closed short transaction.
 
Re: XAO Analysis

korrupt_1 said:
someone at the ASX needs to hit the reboot button the the old commodore 64.

the carnage is just horrific...

i have no trades open... but i'm just terrified!!! :eek:

the way XAO is going... it;s looking like 3500 is more and more of a reality... i never ever truly believe that it could be a possibility, but i'm finally waking up to it..

Whisker's "pot hole" is starting to look like an abyss...
Click to expand...

Quite a crack opening up now... but there's still some positive divergence there... not calling an it abyss, yet.

I still think this latest plunge can turn around pretty quickly and mainstream society just step over it.

sam76 said:
Remember what Churchill said:

"Americans can always be counted on to do the right thing...after they have exhausted all other possibilities."
Click to expand...

Unfortunately this is so true with so many ex-wallstreeters in the administration.

I think part of the problem now is their fuelling further instability in the market by procrastinating instead of getting on with taking some control of the key banking institutions instead of just postulating about it.

The real economy can survive, with government taking back some or all control of some businesses, like the UK, but over there it seems that they are choking on the inevetable death of their version of 'free enterprise' and 'capitalism'.
 
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