Australian (ASX) Stock Market Forum

XAO Technical Analysis

Jump to new
Re: XAO Analysis

ASX replying to OZWAVE
 

Attachments

  • Your wrong.gif
    Your wrong.gif
    12.8 KB · Views: 137
Re: XAO Analysis

OzWaveGuy said:
Oh, I sincerely apologize, obviously my fault. Mental note to self: Ensure to verbally attack anyone who makes a mistake and hopefully this will make an impression on others to do the same instead of trying to offer assistance. Mental note saved :D
Click to expand...

Note from me to you: get over it.
 
Re: XAO Analysis

theasxgorilla said:
:D:D:D

When I showed a non-trading friend a chart of the XAO a week ago he concluded that "the market was having a sale". When I showed him the S&P500 from last night he concluded it was now having a "going out of business sale".
Click to expand...


Show him the chart on 2/11/07 and ask him what its doing.
Then ask him what its going to do without knowing what its going to do.

Many here including myself DID through analysis say exactly what it was going to do.So far out of a move of 2800 points I have one alert possibly out by 500 points---so ???

Its analysis you know the stuff you dont get involved with.
 
Re: XAO Analysis

tech/a said:
At least people here give an opinion ---- you only have one and thats Elliott Wave analysis is crap.
Fine we get it.
Click to expand...

No, no, no. You got me all wrong. I understand all about wave counts being dynamic, hence being wrong until they're not. What concerns me is that most others don't, and if you happened to contact someone via PM (for example) who you knew held a stock (for example) and told them that the impulse count of a greater and two lesser degrees was complete and that means the stock isn't going to go up any more (for example) and that person acted on that information (for example), then I think that is dangerous application of analysis, particularly if (for example) that stock continued to make new all time highs for years to come.
 
Re: XAO Analysis

tech/a said:
Many here including myself DID through analysis say exactly what it was going to do.So far out of a move of 2800 points I have one alert possibly out by 500 points---so ???
Click to expand...

Where have I seen this before??? :rolleyes:
 
Re: XAO Analysis

tex.willer said:
"Greed is good" is not that good in real life.

You want a car, get a loan, want a house, get a loan, want a holiday, credit card, want plasma and LCD, credit card, want restaurant, credit card. Oh, want to catch that bull run just because China is developing and I don't want to miss out on it - mortgage my house.

Now it's time to pay for it.

What happened to save and spend. Ask the parents and grandparents.

And it's lack of regulation that allowed the banks to shovel loans out the door. They are 30x leveraged in US. It is not unexpected they are dropping like flies in mortein cloud.
Click to expand...


Ha ha love it.
Every business (successful ones) have business loans.
Every business from time to time takes a calculated punt and leverages highly.I certainly do and I certainly have in my private life.

In the late 90s I leveraged my brains out today I'm 34% leveraged and freehold many properties and don't give 2 craps if house prices fall 40%.

A fall of 40% will have these properties EASILY positively geared.
I'll have so much equity even at 40% off today's value the banks will search me out to take their money once again and use it.

Greed's fine if you know when to go from a glutton to an anorexic.
Dont tar every person or business on the planet with the same stupidity brush.
 
Re: XAO Analysis

theasxgorilla said:
No, no, no. You got me all wrong. I understand all about wave counts being dynamic, hence being wrong until they're not. What concerns me is that most others don't, and if you happened to contact someone via PM (for example) who you knew held a stock (for example) and told them that the impulse count of a greater and two lesser degrees was complete and that means the stock isn't going to go up any more (for example) and that person acted on that information (for example), then I think that is dangerous application of analysis, particularly if (for example) that stock continued to make new all time highs for years to come.
Click to expand...


Do you reckon there would be a chance that any analyst worth his salt would wait for confirmation of any alert regardless of method used.
Opinions are posted everywhere in various forms both technically and Fundamentally---confirmation of proof of accuracy either comes or passes.
Thats analysis.
If anyone is doppey enough to take any analysis direct from a faceless post on a forum ---what can I say.
 
Re: XAO Analysis

tech,

Are you sure that is not you (in the cartoon) reply to everyone else :confused:

Think that what tex (might be) saying is that people have lived off credit for too long and now it is coming home to roost. And that the notion of saving is a old concept.

asx - if some user takes advise from another user (on a forum) only has themselves to blame if things don't turn out the way they like. if the user does not understand elliot, then why should they take advise from elliot. the user seeking advise should do their own research fundamental or otherwise. not sure where, but tech said in some post (paraphrasing)

I am a builder, not a brain surgeon. You would not him for medical advice.


Tim

Cheer up... it's the weekend.
 
Re: XAO Analysis

tech/a said:
Do you reckon there would be a chance that any analyst worth his salt would wait for confirmation of any alert regardless of method used.
Opinions are posted everywhere in various forms both technically and Fundamentally---confirmation of proof of accuracy either comes or passes.
Thats analysis.
If anyone is doppey enough to take any analysis direct from a faceless post on a forum ---what can I say.
Click to expand...

my sentiments exactly. :banghead:

Tim
 
Re: XAO Analysis

nomore4s said:
:confused:

You can't be serious?

Just how far do we have to drop before you admit there is a problem? Or to remove your bullish bias?
Click to expand...

I am well aware of the problem, just not narrow minded about the solution... that there has to be blood in the streets and wholesale panic before it's over. If you think about it what has panic got to do with finding the true value of the market. I'd suggest it tends to be a self-fulling prophecy for the market to overcorrect and provide bargains for the calm smart money.

I have picked most of the major issues well enough to trade so far.

If you recall I've been bearish on the oil sector since before it crashed and have only been generally nuetral on the gold and minerals sector in the short term. If you recall you were trying/contemplating going long WPL recently and scoffed when I suggested strongly to go short to 43... wow thats a long way lower from where it is now you said.

If you recall on that same tread I agreed with tech/a's call to go short BHP and have only just recently contemplated that it may have bottomed.

The problem with the final fix is mostly political will (or lack of) by the US admin, as mentioned earlier due to the admin being loaded with ex-wall streeters looking after their own. They know what they have to do but are jerking the public around too much with political spin trying to avoid the inevetable government intervention in 'Sacred Wall Street business'.

The Bush admin had/have a chance to save the replubicans in office and their economy, but they have just about blown their chances together with world economic and political stability now.

There's a fair bit of meetings happening over the weekend, including the G20.

Be interesting to see what eventuates next week if the US are still dilly dallying.
 
Re: XAO Analysis

Tim who do you reckon drew the cartoon!
Obviously my misses.
There are quite a few here who can relate to that including myself!
 
Re: XAO Analysis

so tonight, S&P500, Where to?

I see 5 waves down from 1005 to 870 completed, so some maybe a bounce for a little (upto around maybe 920) before heading lower.
 
Re: XAO Analysis

IFocus said:
Yes its a beauty and pissss no shorts allowed cannot understand this market thing who to blame now..........
Click to expand...

Read on Business Spectator that its the hedge funds being squeezed out as they need to find cash for the flood of redemptions that they anticipate.
 
Re: XAO Analysis

tech/a said:
Ha ha love it.
Every business (successful ones) have business loans.
Every business from time to time takes a calculated punt and leverages highly.I certainly do and I certainly have in my private life.

In the late 90s I leveraged my brains out today I'm 34% leveraged and freehold many properties and don't give 2 craps if house prices fall 40%.

A fall of 40% will have these properties EASILY positively geared.
I'll have so much equity even at 40% off today's value the banks will search me out to take their money once again and use it.

Greed's fine if you know when to go from a glutton to an anorexic.
Dont tar every person or business on the planet with the same stupidity brush.
Click to expand...

I can see you haven't been graced with modesty
 
Top