XAO Technical Analysis

[michael_selway]

Re: XAO Analysis

Yeh, there were a few buyers in there too today, at certain times, but they just got eaten alive!

Somethign strange is goign on, if you look at some resource stocks they all went up today e.g. BHP & RIO (and esp the Nickel Stocks)! But everything else down it appears

so maybe a whole new ball game now?

thx

MS

 

[nunthewiser]

Re: XAO Analysis

Somethign strange is goign on, if you look at some resource stocks they all went up today e.g. BHP & RIO (and esp the Nickel Stocks)! But everything else down it appears

so maybe a whole new ball game now?

thx

MS

BHP actually finished way off its highs ....blessem to bits

 

[baja]

Re: XAO Analysis

Somethign strange is goign on, if you look at some resource stocks they all went up today e.g. BHP & RIO (and esp the Nickel Stocks)! But everything else down it appears

so maybe a whole new ball game now?

thx

MS

yeah cool. All of my resource stocks have clawed back some ground. One is showing $2.50 profit.:

 

[nunthewiser]

Re: XAO Analysis

So i take it from some of the comments here that most are still long ?



i am not and stated entrys and thoughts a cuppl a times in various places here today and last night

..just trying to guage others thoughts now ....anyone ?

 

[M34N]

Re: XAO Analysis

So i take it from some of the comments here that most are still long ?



i am not and stated entrys and thoughts a cuppl a times in various places here today and last night

..just trying to guage others thoughts now ....anyone ?

Was long on 3 stocks before Christmas break (NCM, CBA, FMG), closed NCM and CBA last week for profits, FMG still open and at a profit but intend to sell in any sign of weakness.

Unsure on where things will go, and I personally have a rule now that I hold nothing for more than 2 weeks (or thereabouts) and cut losses quickly. Don't intend to hold for more than the short term and only put in maybe 40% of capital at any given time.

 

[Nyden]

Re: XAO Analysis

Was long on 3 stocks before Christmas break (NCM, CBA, FMG), closed NCM and CBA last week for profits, FMG still open and at a profit but intend to sell in any sign of weakness.

Unsure on where things will go, and I personally have a rule now that I hold nothing for more than 2 weeks (or thereabouts) and cut losses quickly. Don't intend to hold for more than the short term and only put in maybe 40% of capital at any given time.

40% of capital? I myself have a couple of rather small long positions open - which unfortunately as of today are only break-even (were up), but as per my risk management strategy I'm only allowing 15% of my capital to be exposed in this market.

I just want to clarify - do you refer to 40% of your trading-specific capital, or 40% of all available funds? If the latter, gosh - you're gutsy.

 

[tech/a]

Re: XAO Analysis

You would get eaten alive :

A little learning is a dangerous thing but ignorance is far worse.
I will heed your advice.

 

[michael_selway]

Re: XAO Analysis

BHP actually finished way off its highs ....blessem to bits

Hm yeah but BHO if you look at the chart, its appears $20 is the bottom?

Also Nickel plays today, some jumped 40% (see below article). if we are in a "real" bear market, stocks can do these sort of jumps 'legitimately'?

As I say there may be a new ball game i.e. soem stocks willbe bullish and soem maybe bearish for the next few years? tech A, what do you think of this?

Thanks

MS

http://www.wabusinessnews.com.au/en-story.php?/1/69424/Higher-prices-boost-WA-nickel-plays-

The share prices of Western Australian nickel plays soared today thanks to a near 16 per cent surge in the commodity's price.

Perth-based Mirabela Nickel led the charge with its share price jumping 39 per cent, or 35 cents, to close at $1.25 today.

The share price surge prompted a 'please explain' from the Australian Securities Exchange, in which Mirabela said the lift in the nickel price last week may be the cause.

The price of nickel for three month delivery on the London Metal Exchange jumped 15.8 per cent to $US13,500 per tonne on Friday while the settlement price was $US12,710 a tonne.

"This is material to the price of the company's securities," Mirabela told the ASX.

Other nickel miners to record gains were Panoramic Resources, up 13 per cent to $1.22, Minara Resources rose 8 per cent to 33.5c, Mincor Resources gained 12.2 per cent to 87c and Western Areas climbed 3 per cent to $3.70....

BHP - Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 285.4 342.6 309.5 375.2
DPS 72.7 102.2 110.0 115.4

 

[nunthewiser]

Re: XAO Analysis

Hm yeah but BHO if you look at the chart, its appears $20 is the bottom?

]

sorry m8 i think we got wires crossed , i was talking about ST action as of today which was traded here ...nothing to do with long term trends etc etc ..

ps for what its worth re long term trends i think BHP will find at least one more new low overall before its done , but hey thats purely speculation and only time will point the way there

 

[M34N]

Re: XAO Analysis

40% of capital? I myself have a couple of rather small long positions open - which unfortunately as of today are only break-even (were up), but as per my risk management strategy I'm only allowing 15% of my capital to be exposed in this market.

I just want to clarify - do you refer to 40% of your trading-specific capital, or 40% of all available funds? If the latter, gosh - you're gutsy.

40% of my trading capital; I only play with what I'm comfortable to lose. My trading capital would account for about 25% of my total capital, so I feel comfortable to trade that amount at any given time. It used to be about 80-90% of my total capital on the market but I've learned a lot from this past year.

 

[Rockon2]

Re: XAO Analysis

Still Holding Long on XAO ( xjo )

FTSE did well last night , with an increase in Vol

DJ and s&p didnt do to bad ,, inside day perhaps, but not a reverse to downside yet..

xao and xjo is an index made from the amount of stocks it represents, therefore it cant always be traded in a pure bar chart form imo..
Intraday yes, daily no.... Yesterday saw some profit taking from the
last Friday buys imo... nothing more that that..
And here we are our mkt up atm with a weak lead from the US, supposedly..

anyway its a hold atm, until a signal thats clear , before reverse

 

[chops_a_must]

Re: XAO Analysis

xao and xjo is an index made from the amount of stocks it represents, therefore it cant always be traded in a pure bar chart form imo..

lol wut.

 

[Rockon2]

Re: XAO Analysis

lol wut.

Errr wut ???

 

[chops_a_must]

Re: XAO Analysis

Every index is made up of the number of stocks it represents.

It's not often called the Dow 30 because it represents 29 stocks.

 

[Rockon2]

Re: XAO Analysis

Sideline I Know,,, but they all run together.....

chart snap shot of the FTSE 5 pm WA time..

looking good for a break north imo.


and btw see the Nikkei

 

[GreatPig]

Re: XAO Analysis

It's not often called the Dow 30 because it represents 29 stocks.

However, if you download the list of ASX100 and ASX200 stocks from the S&P website, you'll often find they're plus or minus a stock or two from those values.

GP

 

[nomore4s]

Re: XAO Analysis

Starting to see alot of stocks breaking out or about to breakout of very similar ascending triangle patterns.

I think we could get a decent run with this many stocks putting in bullish basing patterns, but you never know with the market

At the moment I'm looking for a run up to around 4200-4300 and then a retest of the lows. Could change pretty quickly though.

 

[Rockon2]

Re: XAO Analysis

go baby

 

[nunthewiser]

Re: XAO Analysis

figjam?

 

[GreatPig]

Re: XAO Analysis

figjam?

F*** I'm Good, Just Ask Me!

GP