Australian (ASX) Stock Market Forum

Re: XAO Analysis

Call it Elliott Wave Theory counting beginners luck,

but DJIA looks to be holding the 10th October lows. Perhaps we may not get that fifth wave follow through after the 4th wave triangle pattern OZG?

It's my understanding, that if a 3rd wave has traversed "too far and too fast" as possibly in this case, a fifth wave failure is a high probability. Either that or perhaps it could be we are dealing with a completely different type of wave count (other than an impulse_ and pattern as mentioned in my last post.
I can't for the life of me see an impulse down from the high of last year, it still looks very corrective. I will stick with that wave count in that post for now, and that one says bullish for the next few days and POSSIBLY weeks.

All the best

STONER
 
Re: XAO Analysis

Whiskers do you or have you ever seen Live Dynamic quoting of the XAO. Have you seen how the open price is even quoted? the very First tick of the day?

It would seem not. If you did you would see that it's completely fanciful as to what is actually happening on the open. even for the A-B opening prices.

Yes indeed TH, I often watch my portfolio, watchlist and indicies as they progress through the opening process on my 'dynamic' platform.

FYI

Its Actually not quoted Dynamically Its quoted Live snapshot every 30 seconds.

I didn't say the XAO was quoted dynamically... I said it was a dynamic index... as opposed to the 'adjusting to estimated opening price' irrelevance that you got off the topic with.

You have been wrong so many times on this thread and others yet when you do get something right you smugly pronounce it to the world.

Well, I'm pleased that you recognise that I get it right ocassionally :) ... actually, I've been right more often than wrong... and com'on Real1ty, 'smugly'... well what's wrong with a bit of self praise in jest when one gets a good call. That's part of the fun of posting on the forum.

And I believe tech/a, among those I've dissagreed with at times, but respect none-the-less, because at least they haven't degenerated into mindless personality bashing to try to win a point... has often said wisely that it's not whether one's forecast is right or wrong, (we're all wrong sometimes) but about adapting one's analysis, and trades as the dynamics change.

Oh and no, I'm not 'behind' and I ain't quitting.

You complain about being insulted but have you considered why people insult you and not others?

Firstly Real1ty, these people insult and abuse quite a few posters over the time to the extent that some don't post again to avoid being continuously insulted and abused by a few.

So you seem to be saying, as demonstrated by a few here, that by dissagreeing with some self-pronounced and selfrightious experts and exercising one's right to post good calls even if smugly, is legitimate grounds for someone to insult and abuse you... I don't think so mate.

That's getting pretty close to the (ill)logic/distortion of the provocation defence... of saying pretty girls who go out at night as being to blame for rapists who attack them... because they were pretty and flirting.


Personally enjoy whiskers posts right or wrong and at least he willing to stick his neck out and make a call

...often contrarian or the devils advocate.

Thanks nun... a few have expressed a similar dissagreement but respect for my right to be different... including motorway, kennas, kauri, Julia, Cuttlefish, Uncle F, MR C among MANY others.



Hmmm, I'm glad Whiskers is deflecting attention away from my latest analysis..good on ya' Whiskers..[/COLOR].

That's alright mate. I think. :p:

But I'd hate to be taken to task so harshly by those I consider mentors. It would probably stop me posting ( I know there's an opening here, but please refrain...lol). Teachers who berate don't make for very good teachers

You are a wise person $20shoes and a gentleman to boot.

Oh and just on the point of morning stars arco here seems to be pretty professional and uses morning stars.

Thanks for that arco... I owe yer one. :D

Yes that was an idea spot, and I did scalp 300 based off that Morning Star (see earlier post), however, it was also possible the action might just venture in the Kumo a little more, so that was the reason to take profits early.

rgds - arco
 
Re: XAO Analysis

Call it Elliott Wave Theory counting beginners luck,

but DJIA looks to be holding the 10th October lows. Perhaps we may not get that fifth wave follow through after the 4th wave triangle pattern OZG?

It's my understanding, that if a 3rd wave has traversed "too far and too fast" as possibly in this case, a fifth wave failure is a high probability. Either that or perhaps it could be we are dealing with a completely different type of wave count (other than an impulse_ and pattern as mentioned in my last post.
I can't for the life of me see an impulse down from the high of last year, it still looks very corrective. I will stick with that wave count in that post for now, and that one says bullish for the next few days and POSSIBLY weeks.

All the best

STONER

Hey stoner, I'm one of the 'L' plate EW'ers and flavour of the day whipping boy... hope I don't get you in the bad books by association :eek: ... but, I'm pretty much in agreement with you. :)

Fwiw the Standard deviation Channel I posted earlier seems to suggest this correction is pretty close to done/overdone.

Re the Dow, of the trifecta of morning stars I mentioned earlier, the Dow is probably the most legitimate one because it had a very clear gap down. The others were actually more a step down.

It hasn't breeched the low, so I'm still optermistic for the short term at least.
 
Re: XAO Analysis

Absolutely hilarious. You are truly living in an alternate reality. :aliena:

alternate to yours... absolutely.

But really, dhukka it's sad that all you can focus on is trying to be-little others that dissagree with you.

Sorta like the stalking 'toxic' abuser/rapist in denial... trying to rant up his (ill)logical defence.

So, since you're here, and this thread is about the XAO, not me, what is it about the XAO you want to discuss?
 
Re: XAO Analysis

Whiskers, you are an absolute, utter joke, you have been continually wrong on every front, fundamental and technical. You've gone beyond being a revisionist and in denial to just flat out telling lies. You have been comprehensively wrong and I will continue to point it out to set the record straight.

As for the XAO, it will either go up or down tomorrow, that summarises the vast majority of the tea leaf reading that passes for analysis on this thread.
 
Re: XAO Analysis

As for the XAO, it will either go up or down tomorrow, that summarises the vast majority of the tea leaf reading that passes for analysis on this thread.

WOW!

So... you haven't much of a clue about the XAO, don't trade, are just an armchair critic... and that somehow gives you the right to belittle the vast majority of analysis on this thread! :rolleyes:

And didn't you claim to be a professional... a former adviser to major banks... and teaching economics or something.

Whew, heaven help your poor students and those banks you advise/ed.

OK, since you're not interested in a positive contribution to discussion of the XAO I'll say good night.
 
Re: XAO Analysis

Far out..

I've only been here for a few weeks and i'm scared...
:eek::eek:

Umm XAO analysis.

Not exactly much analysis but i'll give it a go:

From the daily XAO chart.

Dragonfly Doji: A Doji where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market turning points.

http://stockcharts.com/school/doku....t_analysis:candlestick_pattern_#dragonflydoji

Probably a little more of a hammer but I like the Dragonfly explanation....

Anyway seems to co-incide with with US Futures skyrocketing and the majority of asia having a good day we may be in for a short rally tomorrow at least.
Was a decent run home for the XAO.
Just for whiskers...
 
Re: XAO Analysis

WOW!

So... you haven't much of a clue about the XAO, don't trade, are just an armchair critic... and that somehow gives you the right to belittle the vast majority of analysis on this thread! :rolleyes:

And didn't you claim to be a professional... a former adviser to major banks... and teaching economics or something.

Whew, heaven help your poor students and those banks you advise/ed.

OK, since you're not interested in a positive contribution to discussion of the XAO I'll say good night.

Show me one person on this thread who has a better than 50% success rate at calling direction on the XAO. Most who post their technical analysis on this thread do it with humilitiy and I have no problem with them being wrong half the time, I fully expect it. However you are unable to do that, you post with an arrogance and certitude that is not waranted given your track record.

I freely admit I have no better than a 50/50 idea of calling short term movements, if you had the ability to be honest with yourself you would too. I would like to note that my my estimate of a bottom on the XAO between 3400 - 3800 doesn't look too bad compared to the bottom you called some 1200 points ago.

I have never been an advisor to banks and have never claimed to be, please check your facts before posting nonsense.
 
Re: XAO Analysis

Hehehe, nice one.

I'm going long denial and short common sense investing.

hello,

yes, denial has worked for property investing, so why would it not shares

depression looming, corporate defaults likely, which is great for markets like we will now see

thankyou,
chopbots
 
Re: XAO Analysis

Far out..

I've only been here for a few weeks and i'm scared...
:eek::eek:

Umm XAO analysis.

Not exactly much analysis but i'll give it a go:

From the daily XAO chart.

Dragonfly Doji: A Doji where the open and close price are at the high of the day. Like other Doji days, this one normally appears at market turning points.

http://stockcharts.com/school/doku....t_analysis:candlestick_pattern_#dragonflydoji

Probably a little more of a hammer but I like the Dragonfly explanation....

Anyway seems to co-incide with with US Futures skyrocketing and the majority of asia having a good day we may be in for a short rally tomorrow at least.
Was a decent run home for the XAO.
Just for whiskers...

Good-on-ya Ruincity. :D
 
Re: XAO Analysis

Show me one person on this thread who has a better than 50% success rate at calling direction on the XAO.

Dhukka, that's the different worlds we're in... I simply don't get into personality point scoreing.

Most who post their technical analysis on this thread do it with humilitiy and I have no problem with them being wrong half the time, I fully expect it. However you are unable to do that, you post with an arrogance and certitude that is not waranted given your track record.

Well... you seem to take offence, most don't. What can I say, but repeat... perceived provocation is no defence.

Firstly Real1ty, these people insult and abuse quite a few posters over the time to the extent that some don't post again to avoid being continuously insulted and abused by a few.

So you seem to be saying, as demonstrated by a few here, that by dissagreeing with some self-pronounced and selfrightious experts and exercising one's right to post good calls even if smugly, is legitimate grounds for someone to insult and abuse you... I don't think so mate.

That's getting pretty close to the (ill)logic/distortion of the provocation defence... of saying pretty girls who go out at night as being to blame for rapists who attack them... [deserved it] because they were pretty and flirting.

I have never been an advisor to banks and have never claimed to be, please check your facts before posting nonsense.

Ok, I did ask... I'll dig up the post if I have to... but you mentioned in the context of your 'important' role as I recall, analyzing banks. Was it advising/reports/whatever to some other party.

So OK, I'll withdraw and rephrase:
Whew, heaven help your poor students and those (insert whoever applicable) you advise/ed.​

...in the context that:
But I'd hate to be taken to task so harshly by those I consider mentors. It would probably stop me posting ( I know there's an opening here, but please refrain...lol). Teachers who berate don't make for very good teachers

WOW... that morning star worked a treat on the DOW overnight. Good gains in base metals too, so a bonza day coming here by the looks. :D
 
Re: XAO Analysis

WOW... that morning star worked a treat on the DOW overnight. Good gains in base metals too, so a bonza day coming here by the looks. :D
Just like my tiger rock worked a treat in stopping me being eaten by a tiger overnight.
 
Re: XAO Analysis

Just like my tiger rock worked a treat in stopping me being eaten by a tiger overnight.

These are very worrisome times, and roaming tigers are always a concern. I would like to buy your magic rock from you, chops.

... Sorry for the pointless post :D
 
Re: XAO Analysis

Is anyone keeping score... ???...
or is it a pointless draw???
maybe all too busy analysing the XAO??

Bemused
................Kauri
 
Re: XAO Analysis

My question is will this be another bull trap?

Personally i wouldnt expect a rise on the DOW tonight as profit takers might move in. I might just wait and see before i buy anything again
 
Re: XAO Analysis

why is everyone on this thread arguing the toss over XAO when all that's required is a glance at the DowJones of a morning? we don't ALWAYS follow the Dow on a daily basis, but we will invariably toe the line ...

(a) on major moves
(b) on overall trend

anyone wants to predict the course of the XAO, should first try & learn how to read the Dow. it would save a lot of unnecessary disagreement. for instance, do we all expect a 200-point rise in today's XAO?

there you are, wasn't that easy?
 
Re: XAO Analysis

why is everyone on this thread arguing the toss over XAO when all that's required is a glance at the DowJones of a morning? we don't ALWAYS follow the Dow on a daily basis, but we will invariably toe the line ...

(a) on major moves
(b) on overall trend

anyone wants to predict the course of the XAO, should first try & learn how to read the Dow. it would save a lot of unnecessary disagreement. for instance, do we all expect a 200-point rise in today's XAO?

there you are, wasn't that easy?

yeah but that dont makea da moola !! ... big jump on the dow usually leads to a big jump on open here .. too late 70% of the time to actually enter and make a quid , the idea is to enter before the jump and sell into the strength hence all the guesswork BEFORE the fact.......just my 2 cents
 
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