This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

XAO Technical Analysis

Jump to new
Re: XAO Analysis


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
 
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
 
Re: XAO Analysis

Sunder said:
Were you panicking around 11 when the market was below yesterday's close?
Click to expand...

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
 
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
 
Re: XAO Analysis

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...
 
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
 
Re: XAO Analysis

Aussiejeff said:
With the way the ASX is haemorrhaging atm that could be a ways off, mate!
Click to expand...

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
 
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
 
Re: XAO Analysis

explod said:
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
Click to expand...

Such optimism! I was preparing myself for 2700. I'm going to start taking valium below that!

(just kidding, not a pill popper)
 
Re: XAO Analysis

Looking pretty bearish right now.....falling pennant only had two up days. Sitting on medium term support, if we go down, next pause at the 3200 mark...maybe, maybe not.
 

Attachments

  • xao1.gif
    59.1 KB · Views: 3
You must log in or register to reply here.

Similar threads

What are the two main types of market analysis and how can we combine them?
2
Replies
31
Views
4K
tech/a
Ryan's Trading Journal (F/A+T/A Strategy)
6 7 8
Replies
141
Views
34K
aus_trader
DangInvestor.com - Business Analysis and Value Investing Software
Replies
9
Views
5K
luutzu
Pixel's Picks - potential trend reversals off the bottom
2
Replies
22
Views
15K
pixel
The Beginner Trader's Manual Guide
Replies
9
Views
20K
commoyo
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...