Sean K
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XAO Technical Analysis
- Thread starter Sean K
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Rockon2
It's all about the Money!
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Re: XAO Analysis
pretty close to 61.8 fib level from the high/low of november --- nice low risk short if it gets there in a hurry !!
thats a secret Kennas
pretty close to 61.8 fib level from the high/low of november --- nice low risk short if it gets there in a hurry !!
tech/a
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Sean K
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Re: XAO Analysis
Thanks for your tremendous contribution to ASF. Will wait with baited breath for your analysis.Do you a deal........ When and if it reaches 4000
chops_a_must
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Re: XAO Analysis
Well... it looks like we've got quite a sizeable and broad based rally across all commodities.
Very interesting time.
Well... it looks like we've got quite a sizeable and broad based rally across all commodities.
Very interesting time.
theasxgorilla
Problem solved... next bubble.
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Trembling Hand
Can be found on the bid
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Re: XAO Analysis
Shorts are on holidays in the Caribbean, longs are still at work trying to make some money.
Shorts are on holidays in the Caribbean, longs are still at work trying to make some money.
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Re: XAO Analysis
ha ha ha. Maybe some truth behind that!
As Chops says, commodities are picking up.
Can't wait for this next wk or two, interesting to see who comes in to push things around, should be a few more bums on seats and some meatier action I would think!
Shorts are on holidays in the Caribbean, longs are still at work trying to make some money.
ha ha ha.
Maybe some truth behind that!As Chops says, commodities are picking up.
Can't wait for this next wk or two, interesting to see who comes in to push things around, should be a few more bums on seats and some meatier action I would think!
Rockon2
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Sean K
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Re: XAO Analysis
What's in the charts?Its all in the charts.
Thank you very much, Kattchiiing
tech/a
No Ordinary Duck
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Re: XAO Analysis
Sure is and its not very convincing!
Its all in the charts.
Thank you very much, Kattchiiing
Sure is and its not very convincing!
Trembling Hand
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Re: XAO Analysis
Yeah tech they are just rushing in to buy these bargins
Best thing here is that the sellers are on holidays. Thats it.
Of course if you are riding this sucker up and haven't a couple of hundred mil to unload its not going to matter. As long as you get out before the sellers come back from there holidays
Yeah tech they are just rushing in to buy these bargins
Best thing here is that the sellers are on holidays. Thats it.
Of course if you are riding this sucker up and haven't a couple of hundred mil to unload its not going to matter. As long as you get out before the sellers come back from there holidays
Sean K
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Re: XAO Analysis
TH and Tech, does the volume indicate sellers on holidays, or the sellers exhausted?
Yeah tech they are just rushing in to buy these bargins
Best thing here is that the sellers are on holidays. Thats it.
Of course if you are riding this sucker up and haven't a couple of hundred mil to unload its not going to matter. As long as you get out before the sellers come back from there holidays
TH and Tech, does the volume indicate sellers on holidays, or the sellers exhausted?
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Re: XAO Analysis
Looking at the charts S&P 1007 makes a W bottom and a nice extended rally. But it is a matter of getting there as we are still almost 10% off. This is a bear market so the best strategy is still to sell into any rally. Although we continue to push up despite bad news my guess is this can't last. As China continues to sink a fresh round of deleveraging should take hold and we should retest lows. But for now the charts say up, although increased volume next week will give a clearer picture.
Looking at the charts S&P 1007 makes a W bottom and a nice extended rally. But it is a matter of getting there as we are still almost 10% off. This is a bear market so the best strategy is still to sell into any rally. Although we continue to push up despite bad news my guess is this can't last. As China continues to sink a fresh round of deleveraging should take hold and we should retest lows. But for now the charts say up, although increased volume next week will give a clearer picture.
tech/a
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Re: XAO Analysis
Any up move Kennas needs to be supported by strong volume (as opposed to excessive volume).It generally means that the move will not be sustained. It also indicates as mentioned that supply isn't that prevalent holidays or not!
Conveniently that fits with my other Elliott analysis.
We need to see what happens at a top (which need only be a single bar with a reversal) Volume/Range/where the close is and next bar wise.To get a clearer picture.
Note also that the high on 1/12/08 has been currently tested and rejected.
For this to be a sustained move long we need to see a BURST of volume to clear this resistance. Gap up over would be nice.
So currently long
Any up move Kennas needs to be supported by strong volume (as opposed to excessive volume).It generally means that the move will not be sustained. It also indicates as mentioned that supply isn't that prevalent holidays or not!
Conveniently that fits with my other Elliott analysis.
We need to see what happens at a top (which need only be a single bar with a reversal) Volume/Range/where the close is and next bar wise.To get a clearer picture.
Note also that the high on 1/12/08 has been currently tested and rejected.
For this to be a sustained move long we need to see a BURST of volume to clear this resistance. Gap up over would be nice.
So currently long
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Re: XAO Analysis
This part always gets me.
Excessive volume is fine if price keeps running, infact, some of the largest runners on indices come with excessive volume.
This part always gets me.
Excessive volume is fine if price keeps running, infact, some of the largest runners on indices come with excessive volume.
Re: XAO Analysis
often contemplate this similar issue in my limited testing --- how do we distinguish when large volume becomes excessive (working on the theory that excessive volume at a peak is often bearish) ----
my theory on this and correct me if im on the wrong track Mirc ---- if say we are looking at a 1 minute bar as our reference, its the position within that bar where the heavy volume hits the market that is critical moreso than how high the bar goes etc
bludy hard to put into words what im thinking on this ---- try again the price level where the big players hit means different things at different times/position of the cycle (depending on what time frame we ar operating in??)
Therefore (FINALLY !! ) those who can read the DOM correctly (not me) can gain a big advantage by sniffing out how the deep pockets are playing the game ---
AND thats why index and FX traders trade short term and stock traders look to higher time frames cause thats what the deep pockets do --- yes? no?
man what a load of codswallop that was lol ------- actually i re-read it and it was pretty much what i was trying to say/ask/get at
often contemplate this similar issue in my limited testing --- how do we distinguish when large volume becomes excessive (working on the theory that excessive volume at a peak is often bearish) ----
my theory on this and correct me if im on the wrong track Mirc ---- if say we are looking at a 1 minute bar as our reference, its the position within that bar where the heavy volume hits the market that is critical moreso than how high the bar goes etc
bludy hard to put into words what im thinking on this
---- try again the price level where the big players hit means different things at different times/position of the cycle (depending on what time frame we ar operating in??)Therefore (FINALLY !!
) those who can read the DOM correctly (not me) can gain a big advantage by sniffing out how the deep pockets are playing the game --- AND
thats why index and FX traders trade short term and stock traders look to higher time frames cause thats what the deep pockets do --- yes? no? man what a load of codswallop that was lol ------- actually i re-read it and it was pretty much what i was trying to say/ask/get at
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Re: XAO Analysis
personally think we due some red , unsustainable rises on weak volumes always give me a nice lil warm fuzzy feeling
will be looking towards entering shorts at some point tommorow
lol hey i could always be wrong too
personally think we due some red , unsustainable rises on weak volumes always give me a nice lil warm fuzzy feeling
will be looking towards entering shorts at some point tommorow
lol hey i could always be wrong too
tech/a
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Re: XAO Analysis
It gets a lot of people.
Its pretty simple excessive volume is 3x or more the 14 day SMA of volume.
You must always take in consideration where you see this take part in a chart.
At a top?
At a Bottom?
Somewhere in the middle?
Cartman.
I know you want Futures and Stock price behaviour to work quite differently
It doesnt.
It gets a lot of people.
Its pretty simple excessive volume is 3x or more the 14 day SMA of volume.
You must always take in consideration where you see this take part in a chart.
At a top?
At a Bottom?
Somewhere in the middle?
Cartman.
I know you want Futures and Stock price behaviour to work quite differently
It doesnt.