Australian (ASX) Stock Market Forum

XAO Technical Analysis

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Re: XAO Analysis

mayk said:
Major lows achieved during last night trading in New York. Will be a complete blood bath on ASX. I am guessing today might be the capitulation we were waiting for. We might see 3100-3200 today.

Watch out tall buildings:cautious:
Click to expand...

Trampoline sales should skyrocket..... :cautious:
 
Re: XAO Analysis

mayk said:
Major lows achieved during last night trading in New York. Will be a complete blood bath on ASX. I am guessing today might be the capitulation we were waiting for. We might see 3100-3200 today.

Watch out tall buildings:cautious:
Click to expand...

Agree. The broadening formation looks like being smashed through to the downside today, and will once again move down to the lower green band for another touch (Post #5754).
 
Re: XAO Analysis

eeeeeek!!! :eek:

nasty surprise this morning!! what happened overnight??!!!

is this a capitulation anyone??

my feel is that entering fresh shorts would be a risky intraday trade...

but... looking across the Asian markets... it's going to be bloody blood blooding blooded day!!

should buy stocks in blood... ;)
 
Re: XAO Analysis

korrupt_1 said:
eeeeeek!!! :eek:

nasty surprise this morning!! what happened overnight??!!!
Click to expand...
This happened
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_slZDP2pjqs&refer=home
Fed Saw Economy Shrinking Through Mid-2009 Last Month (Update1)

Nov. 19 (Bloomberg) -- Federal Reserve policy makers last month predicted the U.S. economy will contract through the middle of 2009, with some prepared to lower interest rates further in response, a record of their meeting showed.
Click to expand...

Our old friend deflation is back. Apart from this the Citi bank is severely sick and so is Chrysler. Bush wants to cr*p on the economy before he leaves.

So now who is ready for a rally :eek:
 
Re: XAO Analysis

nick2fish said:
The wheel will turn chops , stay tuned ;)

The bubble deflates ...overcontraction, then the next bubble begins

Till then sit tight and listen to Ice House

"Great Southern Land"


No tech base cause we have unsupportive govts so our tech advances get shipped overseas for development.

Its going to be tough without strong customer demand for our products, but we do have a budget surplus and a growing world population will see our commodity strengths return
As for XOA down down to 3200 and lower probably

Cheers
Click to expand...

I agree with chops,

take away wheat, wool and our dirt:D and really what do we have to offer the world?

Our currency is very popular as we are a stable country but when resources are in a heap and the usd is pushing even that is out the window.

yes have a great banking system minus ANZ and MAC subprime / model affected. so how can we market CBA and westpac to the world?

auto industry looks like it's on the brink..... due to overseas problems so that's out.

on top of that whenever we produce a world class scientist they go overseas as we don't pay them enough here.

we can't even make trains here. they are building 300 or something more trains for Melbourne but that went to Poland.

We're a primary resource producer that's it.

o no I forgot we have lots of Holden's sell :D (getting cheaper by the day)
 
Re: XAO Analysis

one thing that is surprising me in some of the posts i am reading is that we're all looking for someone or some thing to blame for the selling.

correct me if i am wrong but arnt we in a bear market? so don't prices go down in bear markets? So based on that the market is acting in a normal behavior.

I understand that this is 99% due to America. but were we not in a 4 year bull that was just about the best we ever had. Don't normal bull markets last for 4 years or round abouts? So is this a normal pattern in the scheme of things. Bull Bear markets never last for ever.

Is it the speed of the sell off that has caught us all by surprise?

Just trowing up some thoughts :)
 
Re: XAO Analysis

"Is it the speed of the sell off that has caught us all by surprise?"

You might conclude that this is some 'normal' bull / bear market but my concern is that this round will have lasting implications. Of particular note is that the market turn was seeded by a lack of clear information (depth and quality of credit markets), it was pushed harder by mis-information (countless revisions of possible exposure by large 'respected' financial institutions) and diligently confused by governments bleating about intervention and incorrectly representing to the market that they can and will restore the world to wherever it was.
Fundemental to an orderly market is confidence... peoples confidence in their own positions as well as confidence in the market mechanisms. What's been revealed is a very fragile market place underpinned by facts which remain facts for about 3 seconds post the announcement. Babcock's recent behaviour is a good example.

The speed... who cares. Repeatedly undermining peoples confidence...that will hurt for sometime!

Just my thoughts! Good luck today...
 
Re: XAO Analysis

Have a look at the market in 87-89 for whats going to happen with our stocks.

When the tide turns we are going to have a big rocket under our butts, for at least 40-50% gains on individual stocks until the fallout from the property market starts more seriously impacting upon the bottom line and then we will have more big falls. Have a look a the bank stocks and what happened to them in 87-89.
 
Re: XAO Analysis

kotim said:
Have a look at the market in 87-89 for whats going to happen with our stocks.

When the tide turns we are going to have a big rocket under our butts, for at least 40-50% gains on individual stocks until the fallout from the property market starts more seriously impacting upon the bottom line and then we will have more big falls. Have a look a the bank stocks and what happened to them in 87-89.
Click to expand...

At the risk of sounding like an automaton, IMO you cannot, I repeat, CANNOT compare what is happening now to what happened w-a-a-a-a-a-y back in 87-89. That is now ancient history. The whole world's economic and financial dynamics have changed drastically and IRREVOCABLY since then.

Everyday now, NEW history is being written - history that is falling outside the "expected historical norms" - a fact that seems hard for some to swallow.

We are in uncharted waters and better get used to that idea for the conceivable future.

Have a great day.


aj
 
Re: XAO Analysis

Aussiejeff said:
At the risk of sounding like an automaton, IMO you cannot, I repeat, CANNOT compare what is happening now to what happened w-a-a-a-a-a-y back in 87-89. That is now ancient history. The whole world's economic and financial dynamics have changed drastically and IRREVOCABLY since then.

Everyday now, NEW history is being written - history that is falling outside the "expected historical norms" - a fact that seems hard for some to swallow.

We are in uncharted waters and better get used to that idea for the conceivable future.

Have a great day.


aj
Click to expand...

so true what is happening today is a totally different situation to the 87 crash...............
 
Re: XAO Analysis

>Apocalypto< said:
what is happening today is a totally different situation to the 87 crash
Click to expand...
I agree, but I wouldn't say there's no precedent for it. If you look back far enough in history, meaning over a few thousand years, I believe there have been numerous instances of credit bubbles leading to economic collapse in various societies.

Different details of course, with different financial structures, but same big picture.

GP
 
Re: XAO Analysis

There has to be a bailout of GM soon - if there is big bounce, if there isn't an economic black hole with immense and tragic human consequences.
 

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