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XAO Technical Analysis

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Re: XAO Analysis

nunthewiser said:
LOL i just looked at your chart oz wave guy :) how come me and you are aqlways goin in different directions on these short term moves :)?

oh hang on ........ we looking at different time frames , im merely trading for tommorow

other than that i totally agrre re your direction charted

by the way .thanks for the charts and analysis very intresting reading and good too see detail
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Thanks for the feedback Nun, I aim to please .

Very short term there will probably be a bounce today as 5 waves down appears complete from yesterday (although for the life of me I couldn't see it clearly on the charts yesterday, but was the first thing i could see this morning), so tight stops will be ideal :)

Probably a good call Nun.
 
Re: XAO Analysis

LOL . well . both my trades , still green and no cause for panic as yet .BUT xao in negative turf

good call oz wave :)
 
Re: XAO Analysis

Hi guys,

Chris Vermeulen has a very interesting set of charts here comparing the current market to the 2002-3 market slump. The charts are so uncannily similar they are worth examining. These are of course (not XAO) SP500 and DJIA charts and analysis but I am sure we will follow a rally if they do.

http://www.safehaven.com/article-12513.htm
 
Re: XAO Analysis

sinner said:
Hi guys,

Chris Vermeulen has a very interesting set of charts here comparing the current market to the 2002-3 market slump. The charts are so uncannily similar they are worth examining. These are of course (not XAO) SP500 and DJIA charts and analysis but I am sure we will follow a rally if they do.

http://www.safehaven.com/article-12513.htm
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Doesn't Chris Vermeulen ride MOTO GP ?, lolz
thanks for the article. :D
 
Re: XAO Analysis

Mr Capital said:
Doesn't Chris Vermeulen ride MOTO GP ?
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Yes, for Suzuki. Maybe he's doing a bit of moonlighting on the side during the summer break? ;)

GetDbImage.aspx
 
Re: XAO Analysis

:D Check out the video also http://www.thewest.com.au/default.aspx?MenuID=29&ContentID=123026




Hit soundtrack composed from tumbling share price graphs

5th February 2009, 6:45 WST






A soundtrack of the global economic crisis composed by running financial graphs through SongSmith, Microsoft's increasingly popular music software, has become a YouTube hit.

German experimental musician Johannes Kreidler based the unsettling melodies on charts showing the sharp fall of the values of major world markets and the share prices of troubled institutions including Lehman Brothers and Bank of America.

Although financial data may not be an obvious source of musical inspiration, Kreidler's composition has been hailed by users of the video sharing website, where it has attracted more than 160,000 views in a week.

"Disturbing and hilarious at the same time," wrote one. Another commented: "When they make a movie about this financial crisis, these songs should be played one after the other during the inevitable montage of each company panicking."

The bleakly humorous video is the latest SongSmith creation to go viral. The software, which allows anyone to create complete pop songs just by singing into a microphone or entering a single melody, was mocked as tacky and pointless after its launch, but has now developed a cult popularity.

When the vocals of famous songs are run through the software, the backing tracks it adds are so unlikely that the end results often turn out as surreal reinventions of the originals. Dozens of Songsmith reinterpretations have been posted on YouTube, including a lounge jazz version of Radiohead's Creep, The Police's Roxanne reworked with a reggae beat and Eye of the Tiger as a lo-fi love song.

Kreidler's creation sets the tumbling graph melodies to jangly, upbeat backing tracks, with perturbing results. His video, titled Charts Music, also contains tunes based on rising graphs illustrating the number of US troops killed in Iraq, unemployment figures and US national debt, which if anything are even more eerie.

The musician's satirical intent is clear; at the end of the clip he lists the corporations he has featured among the composer credits.

LONDON
THE TELEGRAPH GROUP
 
Re: XAO Analysis

I wonder if this has anything to do with the recent bullishness, especially amongst resource stocks..

I don't know much about the Chinese stock market, but what I can see, it either goes pretty much straight down, or straight up for several months.. It seems to be embarking on the later.
 

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Re: XAO Analysis

Cause for enormous concern that US market indices have broken below key technical support levels.

The DJIA has broken below 7500 and the SPX below 800. Needs to turn around real soon and consolidate from here, otherwise we can see significant further falls in the US market.
 
Re: XAO Analysis

http://usindexweekly.blogspot.com/2009/02/dow-s-weekly-14th-february-2009.html

US markets were always going to go lower in February and take out
the previous lows.

If you want to see a bounce in US markets then February lows need to hold and reverse upwards in the last Week of this month

Keep in mind i'm expecting lower lows in 2009, which should take the
US markets into the lower 6000's.

In the short-term i'm expecting 7250 to hold in February, but then
again Market lows will dynamically shift lower also, with the potential
down move into 6550 in the first Quarter for 2009.

It will all depend on how the last Week of February trades on whether
there is a 20-30% reversal upwards, or another breakout pattern lower.
 

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Re: XAO Analysis

Still going sideways till 3300 ish broken? Is that the tipping point for the Wavers much discussed W5 down to ? 27-2800 ish?
 

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Re: XAO Analysis

3300 is a HUGE technical level IMO. Last time we saw that level, was on the BNB day, where instos were dumping relentlessly, but they had absolutely no chance in hell of getting through with the protection that came in there. Probably the most well defended level I have ever seen or heard of in the SPI.

A clean break of that, and the all-time low will in all probability, be tested and broken.
 
Re: XAO Analysis

Extremelly interesting day.

Broke 3300s on the SPI, only to see Citibank news come out and rally us back above it. Timely intervention.

Tonight should see some fireworks in the US of A.
 
Re: XAO Analysis

MRC & Co said:
Extremelly interesting day.

Broke 3300s on the SPI, only to see Citibank news come out and rally us back above it. Timely intervention.

Tonight should see some fireworks in the US of A.
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Extremely

personally think its about the time that we have the "rally we had to have"

allbeit shortlived followed by new lows allround

i am no guru swami tis all merely personal opinion :D
 
Re: XAO Analysis

We could break up off this very important support area but if we slide through 3300 on a bad candle on volume, next stop could possibly be 27-2800 as mentioned earlier by a few people. A potential 500 point topple. I'm looking for a high probability short moreso than a long. DOW looks like it might open up, but who knows what skeleton might jump out of the closet...

This chart looks pretty disasterous because it's not semilog, but eeeeeeek!!!
 

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Re: XAO Analysis

kennas said:
We could break up off this very important support area but if we slide through 3300 on a bad candle on volume, next stop could possibly be 27-2800 as mentioned earlier by a few people. A potential 500 point topple. I'm looking for a high probability short moreso than a long. DOW looks like it might open up, but who knows what skeleton might jump out of the closet...

This chart looks pretty disasterous because it's not semilog, but eeeeeeek!!!
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Kennas.
Seriously even if we fall to 2800.
We've already fallen 51%, whats another 15% lol :rolleyes: :banghead:
 
Re: XAO Analysis

nizar said:
Kennas.
Seriously even if we fall to 2800.
We've already fallen 51%, whats another 15% lol :rolleyes: :banghead:
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Yeah! If it's worth doing, it's worth doing well.

Let's go for another 51%. :bonk:

:band
 
Re: XAO Analysis

kennas said:
DOW looks like it might open up, but who knows what skeleton might jump out of the closet...
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The jangling bones of Citibank spooked 'em alright... :eek:

What happened to the light at the end of the tunnel? More gloom for Lil' Ozzie Bleeder today? :cool:
 
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