XAO Technical Analysis
- Thread starter Sean K
- Start date
Logique
Investor
- Joined
- 18 April 2007
- Posts
- 4,290
- Reactions
- 768
Re: XAO Analysis
Rousing performance from the brave little Aussie battler this morning, in the face of a 4.2% slump in the Dow overnight, the XAO is off just 41 points at 3163.
Rousing performance from the brave little Aussie battler this morning, in the face of a 4.2% slump in the Dow overnight, the XAO is off just 41 points at 3163.
- Joined
- 6 September 2008
- Posts
- 7,676
- Reactions
- 68
- Joined
- 14 June 2007
- Posts
- 1,130
- Reactions
- 3
Re: XAO Analysis
I'm not so sure.
1) USA was sold down all session.
2) We fell early and came up
3) Got hit and recovered just as quickly after interest rate decision
4) Still ticking up, now only -0.91%.
5) DJIA futs up about 1%, Nikkei has recovered to only about -0.1%
There seem to be plenty willing to support the XAO at this level. What will it take to really knock it down and keep it going? Personally, I wish it would just get flogged and bottom out and be done, but that just may not happen.
I will not be surprised if I get a bunch of long reversal signals this afternoon.
Good opportunity to sell......
I'm not so sure.
1) USA was sold down all session.
2) We fell early and came up
3) Got hit and recovered just as quickly after interest rate decision
4) Still ticking up, now only -0.91%.
5) DJIA futs up about 1%, Nikkei has recovered to only about -0.1%
There seem to be plenty willing to support the XAO at this level. What will it take to really knock it down and keep it going? Personally, I wish it would just get flogged and bottom out and be done, but that just may not happen.
I will not be surprised if I get a bunch of long reversal signals this afternoon.
Attachments
Re: XAO Analysis
I've already had a few but have only taken 1 so far. Missed out on another
I've already had a few but have only taken 1 so far. Missed out on another
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
- Joined
- 14 June 2007
- Posts
- 1,130
- Reactions
- 3
Re: XAO Analysis
LOL.
Ps. Got 5 signals. All have crap liquidity so none will be taken.
LOL.
Ps. Got 5 signals. All have crap liquidity so none will be taken.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Re: XAO Analysis
Very cryptic.
Was scratching around for a while!
I actually thought her name was Elliott and she was going to wave!
Very cryptic.
Was scratching around for a while!
I actually thought her name was Elliott and she was going to wave!
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Re: XAO Analysis
Nah that would be this one,
Thanks, subscription news letter out soon. $$$ :brille:
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
Re: XAO Analysis
For what its worth ......... i have entered 2 shorts as of this morning
time for a turn ?
For what its worth ......... i have entered 2 shorts as of this morning
time for a turn ?
- Joined
- 18 April 2007
- Posts
- 809
- Reactions
- 0
Re: XAO Analysis
and he's back. Thought we lost you there, hunched over the keyboard......
I've never taken a short. "Very un-productive" perhaps.......
Opportunities lost everywhere.
and he's back. Thought we lost you there, hunched over the keyboard......
I've never taken a short. "Very un-productive" perhaps.......
Opportunities lost everywhere.
- Joined
- 27 February 2008
- Posts
- 4,670
- Reactions
- 10
Re: XAO Analysis
been wandering the earth like grasshopper for a week or so ...... back now tho
just another side to my trading re " short"
not here to destroy or make anything ...merely follow the money
been wandering the earth like grasshopper for a week or so ...... back now tho
just another side to my trading re " short"
not here to destroy or make anything ...merely follow the money
Re: XAO Analysis
im of the opinion we have found the bottom, for now!
after a nice rally to 3,400 points, i think maybe a move back to 3,200 is likely, then a slow upward trend reaching 3,800 by june/july...just in time for the start of reporting season.in which the market will only have bad news, as the australian exports will continue to dwindle for a little longer yet, this, and a slight possibility of a recession being official by 2qcy09 may send xao back to 3,100, or lower, at this time, the us economy will be reporting firm results of recovery and the end to their recession by around 4qcy09 and the slow process of gaining the momentum all over again that once blew the economy along very nicely.I see a recovery almost immediately after australian reporting is over, and we will not be in recession for long, if at all, and a slow upward trend will start again, reaching 4,000 points this time in 2010.any thoughts??
this is just my opinion, and i wouldnt even consider it an educated opinion.
im of the opinion we have found the bottom, for now!
after a nice rally to 3,400 points, i think maybe a move back to 3,200 is likely, then a slow upward trend reaching 3,800 by june/july...just in time for the start of reporting season.in which the market will only have bad news, as the australian exports will continue to dwindle for a little longer yet, this, and a slight possibility of a recession being official by 2qcy09 may send xao back to 3,100, or lower, at this time, the us economy will be reporting firm results of recovery and the end to their recession by around 4qcy09 and the slow process of gaining the momentum all over again that once blew the economy along very nicely.I see a recovery almost immediately after australian reporting is over, and we will not be in recession for long, if at all, and a slow upward trend will start again, reaching 4,000 points this time in 2010.any thoughts??
this is just my opinion, and i wouldnt even consider it an educated opinion.
- Joined
- 6 December 2007
- Posts
- 436
- Reactions
- 0
Re: XAO Analysis
Well mitch you have certainly put your predictions out there complete with dates so if you can get somewhere close to that, you have done very well.
Well mitch you have certainly put your predictions out there complete with dates so if you can get somewhere close to that, you have done very well.
Re: XAO Analysis
No. I'll stick to my forecast, based on a solid understanding of the truly awful fundamentals and major disasters still bearing down on the US economy.
1. The US will be in recession/depression all this year and most of next. Any recovery will be slow and weak, and likely followed by a further collapse in 2011, at least partly because oil will rise sharply.
2. All countries exporting to the US will suffer eg China, Japan, SE Asia, Gulf. Australian GDP will remain subdued.
3. This is NOT the bottom. The next dip will go lower. Watch for a crisis in May. Sell while you can.:22_yikes:
No. I'll stick to my forecast, based on a solid understanding of the truly awful fundamentals and major disasters still bearing down on the US economy.
1. The US will be in recession/depression all this year and most of next. Any recovery will be slow and weak, and likely followed by a further collapse in 2011, at least partly because oil will rise sharply.
2. All countries exporting to the US will suffer eg China, Japan, SE Asia, Gulf. Australian GDP will remain subdued.
3. This is NOT the bottom. The next dip will go lower. Watch for a crisis in May. Sell while you can.:22_yikes: