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XAO Technical Analysis

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Re: XAO Analysis

nunthewiser said:
yes always a factor when supports are broken , margin call times in the arvo aint it ? dunno .. just what i hear from round the traps , never had one

oh and cheers for thoughts
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I think at 2, 230 eastern time is when they start hitting the market. TH put that up at some time.
 
Re: XAO Analysis

Nov 14 (Nov 15 AEST) is the last day for redemption calls this year to hedge funds in the US, so there will hopefully be some reprieve then. I have a bad feeling that the hedge fund deleveraging has put a stick into the spokes of the yen carry trade that cannot be stopped now.
 
Re: XAO Analysis

korrupt_1 said:
lol... perhaps, but as buffet has said... be fearful when are others are brave... and be brave when others are fearful... today is the time to be brave... (or some may think... foolish... :p:)
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Yeah.

I'm sure when he was bravely supporting the Fed with those brave remarks of his, someone jokingly whispered in the wings "or, be smart when others are stoopid..." LOL

Enjoy the B-B-Q!

aj
 
Re: XAO Analysis

New low by a few points low now tested.

Looks very weak.
If your buying longs now your guessing/maverick.
 
Re: XAO Analysis

tech/a said:
New low by a few points low now tested.

Looks very weak.
If your buying longs now your guessing/maverick.
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nah , no buying longs here , stopped out of trades 10 mins after open , loss AT stoploss points already factored , just inquisitive if any viewed today as a buying op and yeah agree on your call re weak
 
Re: XAO Analysis

I see another 200-400 point drop before we get a bounce sometime next tuesday/wednesday. However, short selling will be allowed then so maybe not :p
 
Re: XAO Analysis

The Dow Jone's October lows haven't been breached yet. I have been using their bottom as an indicator to buy as I figured as the problem started in US in will ultimately end in the US. So I am backing on a bounce tonight or for it to remain steady tonight. Is there any sense in this? It has worked so far, however I this doesn't mean I think it is right.
 
Re: XAO Analysis

chops_a_must said:
I think at 2, 230 eastern time is when they start hitting the market. TH put that up at some time.
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i have been informed that margin calls come at any time of day, even in the evenings when u think you are safe apparently.

certainly feeling for those in that position lately
 
Re: XAO Analysis

For those interested in Fib time analysis(tech?- Greenblatt stuff), the following chart may or may not be significant.

The 21st of March 2008(this is a well known Gann date) marked a major low in the All Ords with a rally back up to 6000 starting after that day. It also marked 144 Fibonacci calendar days and 21 fibonacci weeks down from the peak. Coincidence?

Today marks 377 fibonacci calendar days and 55 fibonacci weeks down from the peak. Will this be significant? Well not sure, but market took one hell of a smashing today
 

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Re: XAO Analysis

sammy84 said:
The Dow Jone's October lows haven't been breached yet. I have been using their bottom as an indicator to buy as I figured as the problem started in US in will ultimately end in the US. So I am backing on a bounce tonight or for it to remain steady tonight. Is there any sense in this? It has worked so far, however I this doesn't mean I think it is right.
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I've been doing the same thing as the XAO seems to have been following the DJI over the past few weeks. However, I think that the DJI still has to lose ~700 points before it starts to trend upwards again.
 
Re: XAO Analysis

sammy84 said:
The Dow Jone's October lows haven't been breached yet. I have been using their bottom as an indicator to buy as I figured as the problem started in US in will ultimately end in the US. So I am backing on a bounce tonight or for it to remain steady tonight. Is there any sense in this? It has worked so far, however I this doesn't mean I think it is right.
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Well tonight we will see if it holds (testing the low).
Current futures while slightly down dont at this point indicate further sell off at least tonight.
This could alter as the European Markets open.

I certainly dont expect it to fall to the floor in one move.
There will be sucker rallies.
 
Re: XAO Analysis

The 1 hr chart indicates a completed impulse down from the 5th of November. So if anything we are setting about for a small bounce here. The question however is, is this wave 1 of a larger 5th wave decline to come in the weeks ahead or are we reaching a support level?
 

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Re: XAO Analysis

data to be released in the US tonight: MBA Purchase Applications (wk11/7 , 2008) Nov 13 Jobless Claims (wk11/8 , 2008) Nov 13 International Trade (Sep , 2008) Nov 13 RBC CASH Index (Nov , 2008) Nov 13 EIA Petroleum Status Report (wk11/7 , 2008) Nov 13 Treasury Budget (Oct , 2008) Nov 13 Money Supply (wk11/3 , 2008)
 
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