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XAO Technical Analysis

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Re: XAO Analysis

I've been looking everywhere for a missing "er". Has anyone seen it?

Ok look! There it is:

draw⋅er   [drawr for 1, 2; draw-er for 3–6] Show IPA Pronunciation
–noun
1. a sliding, lidless, horizontal compartment, as in a piece of furniture, that may be drawn out in order to gain access to it.
Click to expand...

</extremely pedantic>
 
Re: XAO Analysis

wayneL said:
I've been looking everywhere for a missing "er". Has anyone seen it?

Ok look! There it is:

</extremely pedantic>
Click to expand...
I think we spell it the Australian way Wayne. You stinking Pom! :

 
Re: XAO Analysis

Any of you experts have any idea if we're past the bottom and levelling out or stabilizing yet ? seems pretty stable over the past week.
 
Re: XAO Analysis

MrBurns said:
Any of you experts have any idea if we're past the bottom and levelling out or stabilizing yet ? seems pretty stable over the past week.
Click to expand...

You must have seen a false bottom :arsch:

Stable? The horses bolted a long time ago. :horse: :horse: :horse:

Glad to be of help.

 
Re: XAO Analysis

aj, one bad half day doesn't need the poor horse to be flogged.

Give it a chance.

Crikey, could end up green knowing this market!

On the other hand ......
 

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Re: XAO Analysis

MrBurns said:
Any of you experts have any idea if we're past the bottom and levelling out or stabilizing yet ? seems pretty stable over the past week.
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That's an easy one. No.

We've touched a low point of around 3400 (daily close) and we have a bear rally. The trend is down, and we'll be back to 3400 again, and then probably lower.

The rally (on traditional TA) should run to around 4900 (resistance level) or until it hits the 200 day MA, or somewhere else, unless or until some really bad news intervenes.

Repeat after me: this is NOT the bottom.
 
Re: XAO Analysis

What the hell happened to trash the XAO in the last 45 mins? Can't see any news wires that might give a reason?
 

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Re: XAO Analysis

The bailout of GM apparently isnt going ahead

Auto Bailout Negotiations Fail in Senate, Reid Says (Update1)
Email | Print | A A A

By Brian Faler and Jeff Green

Dec. 11 (Bloomberg) -- Senate negotiations for a U.S. automaker bailout plan collapsed, in a blow to General Motors Corp. and Chrysler LLC, which may run out of cash early next year.

“It’s over with,” Majority Leader Harry Reid said on the Senate floor in Washington. “I dread looking at Wall Street tomorrow. It’s not going to be a pleasant sight.”

Reid said the Senate will take a procedural vote tonight on a House-passed plan, though he doesn’t expect it to be approved.

“This is going to be a very bad Christmas” for many people, Reid said. “The time for talking on this is over. We should vote and move on to something else.”

Asian stocks and U.S. index futures immediately began falling after Reid’s comments. The MSCI Asia Pacific Index slumped 2.2 percent to 86.13 as of 12:33 p.m. Tokyo time, while March futures on the Standard & Poor’s 500 Index slipped 3.4 percent.

Connecticut Democrat Christopher Dodd, who was involved in the negotiations, said the final unresolved issue was a Republican demand that unionized autoworkers accept a reduction in wages next year, rather than later, to match those of U.S. autoworkers who work for foreign-owned companies, such as Toyota Motor Corp.

“More than saddened, I’m worried this evening about what we’re doing with an iconic industry,” Dodd said. “In the midst of deeply troubling economic times we are going to add to that substantially.”

Republican Bob Corker of Tennessee, who negotiated with Dodd, said, “I think there’s still a way to make this happen.”

To contact the reporters on this story: Nicholas Johnston in Washington at njohnston3@bloomberg.net
 
Re: XAO Analysis

LOL. We are told over and over that stockmarkets are "forward looking" and tend to price in expectations.

So, if that respected mantra is to be believed, then I'm shocked at how the apparently naive market has reacted to the extremely reasonable possibility and even expectation that the US auto bailout would fail at this hurdle.

How fickle.

Edit: Now the XAO is rising as sharply as it just fell. Reason? Toss a dart?
 
Re: XAO Analysis

I would have thought the markets expected it to be a foregone conclusion personally. After all the money they have put everywhere else.
 
Re: XAO Analysis

I would have to agree with chops...

... expected it to have gone through. I do not recall any negative reports about the deal until today.

Now the XAO is rising as sharply as it just fell. Reason? Toss a dart?
Click to expand...

On the reaction though... down and now up. If there is only thing that I have learnt in the past while is the reactions tend to be a bit over the top - react and then think. Down to fast and then back to equilibrium of some sort. The same applies to up moves.

Tim
 
Re: XAO Analysis

The vote was always going to fail first time around according to the talking heads on CNBC. Apparently the senate want to see some chapter 11 action then they will support and help them work there way back out of administration so that they learn something from the mess rather than give them a cash bail out an dthey learn nothuing other than they are bullet proof as the government has their backs.

Watch POO go up on the back of a weakening $US while they reinvent the bailout etc plus the OPEC meeting on the 17th. If it wasnt for this bail out failing STO and WPL would have had a great day today imo.
 
Re: XAO Analysis

They need to get rid of the legacy costs full stop. All of them.

It's as simple as that.
 
Re: XAO Analysis

TheAbyss said:
Watch POO go up on the back of a weakening $US while they reinvent the bailout etc plus the OPEC meeting on the 17th. If it wasnt for this bail out failing STO and WPL would have had a great day today imo.
Click to expand...

Really?? it just lost $2 in a blink. and the US$ is gaining!
 
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