XAO Technical Analysis

nizar · 3 March 2009

Re: XAO Analysis

tech/a said:
Page 304 post 6069
https://www.aussiestockforums.com/forums/showthread.php?t=4888&page=304

Now reaching these levels,seen through the analysis in that post.

Good work.
So where to now in your opinion?

Logique · 3 March 2009

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.

MrBurns · 3 March 2009

Re: XAO Analysis

Logique said:
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.

Good opportunity to sell......

MS+Tradesim · 3 March 2009

Re: XAO Analysis

MrBurns said:
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.

nomore4s · 3 March 2009

Re: XAO Analysis

MS+Tradesim said:
I will not be surprised if I get a bunch of long reversal signals this afternoon.

I've already had a few but have only taken 1 so far. Missed out on another

Trembling Hand · 3 March 2009

Re: XAO Analysis

Trembling Hand said:
Wouldn't be surprised if it runs up to close that gap after the morning sweep is done.

MS+Tradesim · 3 March 2009

Re: XAO Analysis

LOL.

Ps. Got 5 signals. All have crap liquidity so none will be taken.

tech/a · 3 March 2009

Re: XAO Analysis

Trembling Hand said:

Very cryptic.
Was scratching around for a while!
I actually thought her name was Elliott and she was going to wave!

namrog · 3 March 2009

Re: XAO Analysis

Pardon me for saying tech, but I think you will have to scratch around a bit more to decode this message.

What I'm seeing in this pattern , is a bit of self back slapping, and rightly deserved too.

Trembling Hand · 3 March 2009

Re: XAO Analysis

tech/a said:
I actually thought her name was Elliott and she was going to wave!

Nah that would be this one,

namrog said:
What I'm seeing in this pattern , is a bit of self back slapping, and rightly deserved too.

Thanks, subscription news letter out soon. $$$ :brille:

barry593 · 9 March 2009

Re: XAO Analysis

What's with the 75 point negative spike in the xao / xjo at 1430 today?

nomore4s · 9 March 2009

Re: XAO Analysis

Barry refer this thread for info

tech/a · 11 March 2009

Re: XAO Analysis

Posted this on the E/W thread.

Time for a turn
XAO spot on.--Simple analysis just as I like it.
Click to enlarge.
Looking now for a retracement to 3900 to 4400

nunthewiser · 12 March 2009

Re: XAO Analysis

For what its worth ......... i have entered 2 shorts as of this morning

time for a turn ?

MR. · 12 March 2009

Re: XAO Analysis

nunthewiser said:
For what its worth ......... i have entered 2 shorts as of this morning

time for a turn ?

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.

nunthewiser · 12 March 2009

Re: XAO Analysis

MR. said:
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.

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

mitch87 · 19 March 2009

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.

Real1ty · 20 March 2009

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.

davo8 · 21 March 2009

Re: XAO Analysis

mitch87 said:
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...the us economy will be reporting firm results of recovery and the end to their recession by around 4qcy09

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:

saiter · 21 March 2009

Re: XAO Analysis

davo8 said:
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:

Why May?

XAO Technical Analysis

nizar

Logique

Investor

MrBurns

MS+Tradesim

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nomore4s

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Trembling Hand

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tech/a

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nunthewiser

MR.

nunthewiser

mitch87

Real1ty

davo8

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saiter

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