XAO Technical Analysis

MRC & Co said:

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

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michael_selway said:

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

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michael_selway said:

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

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nunthewiser said:

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 ?

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M34N said:

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.

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Naked shorts said:

You would get eaten alive :

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nunthewiser said:

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

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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....

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michael_selway said:

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

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Nyden said:

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.

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Rockon2 said:

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..

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chops_a_must said:

lol wut.

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chops_a_must said:

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

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nunthewiser said:

figjam?

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