Garpal Gumnut
Ross Island Hotel
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XAO Technical Analysis
- Thread starter Sean K
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Re: XAO Analysis
Well looks like a third of the billionaires know that they have to try and change market sentiment.
Well looks like a third of the billionaires know that they have to try and change market sentiment.
Re: XAO Analysis
Is very true.. I've seen lots of these sorts of comments on recovery in late 09 recently, but there has been no evidence presented to support that hypothesis, therefore it is indeed should just "hope". After all, by the end of the first quarter in 08 they were saying recovery by the end of that year
If wrong, just keep shifting the goalposts further into the future
Is very true.. I've seen lots of these sorts of comments on recovery in late 09 recently, but there has been no evidence presented to support that hypothesis, therefore it is indeed should just "hope". After all, by the end of the first quarter in 08 they were saying recovery by the end of that year
If wrong, just keep shifting the goalposts further into the future
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Re: XAO Analysis
Long one resorce co
Long one banking co
small bounce due in my opinion
could be wrong
avaniceday
i MUST point out though i am only expecting a very short lived bounce and NOT intending on holding my entrys past tommorow /thurs at latest
Long one resorce co
Long one banking co
small bounce due in my opinion
could be wrong
avaniceday
i MUST point out though i am only expecting a very short lived bounce and NOT intending on holding my entrys past tommorow /thurs at latest
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Re: XAO Analysis
chug chug chug
chug chug chug
Rockon2
It's all about the Money!
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Re: XAO Analysis
Yep Closed above Pivots today ...........
Yep Closed above Pivots today ...........
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Re: XAO Analysis
Were you panicking around 11 when the market was below yesterday's close?
Were you panicking around 11 when the market was below yesterday's close?
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Re: XAO Analysis
No as my bhp Ben and anz entrys were way below yesterdays closing prices ... no stops hit so trade still chugging along .
tell a lie i did wonder what was happening with BHP for about an hour but stuck with the plan and stop points and it closed well
LOL all that looks like its going out the window after tonights maybe outlook tho
Were you panicking around 11 when the market was below yesterday's close?
No as my bhp Ben and anz entrys were way below yesterdays closing prices ... no stops hit so trade still chugging along .
tell a lie i did wonder what was happening with BHP for about an hour but stuck with the plan and stop points and it closed well
LOL all that looks like its going out the window after tonights maybe outlook tho
Rockon2
It's all about the Money!
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Re: XAO Analysis
Yes .. FTSE copping a thrashing atm
Yes .. FTSE copping a thrashing atm
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Re: XAO Analysis
In fact, it was a jolly good thrashing all round.. :horse: :horse:
C,mon ASX... giddyap!!! :horse:
*doh*
Just a pile of hor$e$****...
Yes .. FTSE copping a thrashing atm
In fact, it was a jolly good thrashing all round.. :horse: :horse:
C,mon ASX... giddyap!!! :horse:
*doh*
Just a pile of hor$e$****...
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Re: XAO Analysis
reckons i shoulda took profits yesterday and spent on beer , dinner and hookers
like i mentioned, instead of looking at stock back near entry points and bhp as a maybe stopout but not
hit yet ,so no cause for alarm , just peesed i coulda had a royal old time last night on bounce trading profits
got to love this trading game
one day i hope to be as good as others here and buy at the very bottom and sell at the very top
reckons i shoulda took profits yesterday and spent on beer , dinner and hookers
like i mentioned, instead of looking at stock back near entry points and bhp as a maybe stopout but not
hit yet ,so no cause for alarm , just peesed i coulda had a royal old time last night on bounce trading profits
got to love this trading game
one day i hope to be as good as others here and buy at the very bottom and sell at the very top
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Re: XAO Analysis
With the way the ASX is haemorrhaging atm that could be a ways off, mate!
.... one day i hope to be as good as others here and buy at the very bottom and sell at the very top
With the way the ASX is haemorrhaging atm that could be a ways off, mate!
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Re: XAO Analysis
Just gone through the ASX 200. The only stocks that aren't in the red are GTP and DUE.
Just gone through the ASX 200. The only stocks that aren't in the red are GTP and DUE.
Re: XAO Analysis
Well the new year happy fuzzy feeling looks well and truly worn off...
Looks like the XAO is just respecting support now.. but if that goes tomorrow or the next day, looks like we're going to make a new low sometime after that below 3300
Shall be interesting to watch Europe and US tonight...
Well the new year happy fuzzy feeling looks well and truly worn off...
Looks like the XAO is just respecting support now.. but if that goes tomorrow or the next day, looks like we're going to make a new low sometime after that below 3300
Shall be interesting to watch Europe and US tonight...
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Re: XAO Analysis
I believe GTP is no longer in the ASX 200.
With a market cap of only $58m, it is not likely to still be in there.
brty
I believe GTP is no longer in the ASX 200.
With a market cap of only $58m, it is not likely to still be in there.
brty
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Re: XAO Analysis
yeah we still got another major downleg b4 we hit base in my view but plenty of bounces to trade in the meantime .. seems i got too greedy on this one and shoulda skimmed and left yesterday with a nice profit instead of today with peanuts and a small loss
With the way the ASX is haemorrhaging atm that could be a ways off, mate!
yeah we still got another major downleg b4 we hit base in my view but plenty of bounces to trade in the meantime ..
seems i got too greedy on this one and shoulda skimmed and left yesterday with a nice profit instead of today with peanuts and a small loss
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Re: XAO Analysis
http://www2.standardandpoors.com/spf/pdf/index/20081205IN_QrtlyRebal.pdf
Right you are. It was removed on the 5th of December.
http://www2.standardandpoors.com/spf/pdf/index/20081205IN_QrtlyRebal.pdf
explod
explod
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Re: XAO Analysis
Have only popped onto this thread a few times to look and I think one post. As I feel some huge change in the wind just thought I should pop in for a look and perhaps
The poll says most think the XAO will go up...... well:
1. the financial outlook seems to be worse by the day;
2. China (our saviour) have just taken their bat and ball and gone home;
3. The rescue packages have not worked anywhere;
4. Lower cash rates, and in some places almost zero, have not reduced retail rates, money is scarce, banks do not trust anyone, including viable businesses which daily are going to the wall.
5. And one could go on.
Direction of the XAO is determined solely on SENTIMENT. If the Dow goes up our market follows, particularly on the big moves. We are a small market that cannot think for itself.
So where is the Dow going:-
Short answer, DOWN A LONG WAY
Since the US Fed fed in cheap money to rescue the Dow back in 2003 when it was at 8,000 it rose strongly by the mechanisms of refinancing. (REFINANCING funny ring to that) a bit like Allan Bond's PARACHUTING (he went straight to gaol). The Dow is back at the same level today, having reached the wonderful heights of 14,000 back in late 2007.
If we look at the Dow on "Big charts" all data, we find that 8,000 happens to be a strong support area going back to 1997 (then resistance). A breach of this support would see the next major support at 4,000. Such a drop would see huge momentum (jumping out windows too)so it is likely that the supports below that at 3,000 and then 2000 could be severely tested.
In the last 7 trading days the Dow has put in a new low each day. This is also the more ominous in that this trend if continued will match the recent low of the Dow at the end of Novemeber of 7,600, right at the time the new US President is sworn in. You can be sure the other side of politics will let the bad news out about then as they did to Jimmy Carter, and you gussed it, he only lasted one term.
So the XAO, maybe not as much as the Dow, we could be self contained, but certainly as much as we have fallen so far, say 2000
Have only popped onto this thread a few times to look and I think one post. As I feel some huge change in the wind just thought I should pop in for a look and perhaps
The poll says most think the XAO will go up...... well:
1. the financial outlook seems to be worse by the day;
2. China (our saviour) have just taken their bat and ball and gone home;
3. The rescue packages have not worked anywhere;
4. Lower cash rates, and in some places almost zero, have not reduced retail rates, money is scarce, banks do not trust anyone, including viable businesses which daily are going to the wall.
5. And one could go on.
Direction of the XAO is determined solely on SENTIMENT. If the Dow goes up our market follows, particularly on the big moves. We are a small market that cannot think for itself.
So where is the Dow going:-
Short answer, DOWN A LONG WAY
Since the US Fed fed in cheap money to rescue the Dow back in 2003 when it was at 8,000 it rose strongly by the mechanisms of refinancing. (REFINANCING funny ring to that) a bit like Allan Bond's PARACHUTING (he went straight to gaol). The Dow is back at the same level today, having reached the wonderful heights of 14,000 back in late 2007.
If we look at the Dow on "Big charts" all data, we find that 8,000 happens to be a strong support area going back to 1997 (then resistance). A breach of this support would see the next major support at 4,000. Such a drop would see huge momentum (jumping out windows too)so it is likely that the supports below that at 3,000 and then 2000 could be severely tested.
In the last 7 trading days the Dow has put in a new low each day. This is also the more ominous in that this trend if continued will match the recent low of the Dow at the end of Novemeber of 7,600, right at the time the new US President is sworn in. You can be sure the other side of politics will let the bad news out about then as they did to Jimmy Carter, and you gussed it, he only lasted one term.
So the XAO, maybe not as much as the Dow, we could be self contained, but certainly as much as we have fallen so far, say 2000
Re: XAO Analysis
Such optimism! I was preparing myself for 2700. I'm going to start taking valium below that!
(just kidding, not a pill popper)
Such optimism! I was preparing myself for 2700. I'm going to start taking valium below that!
(just kidding, not a pill popper)
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