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XAO Technical Analysis

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Re: XAO Analysis

Could yesterday be a false break through the 3750 zone? I guess we won't know until it's tested or we run away.... So, as usual, we could be heading up, down, or sideways.
 
Re: XAO Analysis

nunthewiser said:
PERSONALLY

think we heading up a false break .......trading accordingly and looking to add to a cupla of positions

could be wrong ......... and will deal with it if it crosses that bridge
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:D agrees with kennas

unhappy to be wrong :D

spose we will see shortly
 
Re: XAO Analysis

here's one for the bears.

some interesting divergence from the big Caps, ANZ, CBA, NAB, TLS, WOW etc, they all made highs in early April.

Now you could look at that two ways it is either negative divergence OR if they get going we could really put on some serious points in the coming weeks.
 
Re: XAO Analysis

Trembling Hand said:
here's one for the bears.

some interesting divergence from the big Caps, ANZ, CBA, NAB, TLS, WOW etc, they all made highs in early April.

Now you could look at that two ways it is either negative divergence OR if they get going we could really put on some serious points in the coming weeks.
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Yeah noticed that. What's the general play with market recovery? Is it large caps/blue chips first, then small caps? I thought that was the case. Probably wrong. If it is, then perhaps the larger caps diverging is a sign that we're due for a pause. I'm just guessing though. Maybe a dhukka or a rederob have some facts.
 
Re: XAO Analysis

Here’s something interesting, but potentially useless. (Please don't try and trade off it I was bored whilst looking through some charts)

The blue line(just slapped a line on to get the range) is from March 2008 rally that went to roughly halfway through may. That same blue line has been placed over March rally 2009. Now its only there as a rough guide to a big maybe. And a possible (big reach) indicator of when people finally get sick of buying. Anyway you notice both points hit the 200 day ema. All kind of lines up with everyone’s 4000-4100 prediction.

Once again sorry its xjo not xao

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Re: XAO Analysis

xao personal analysis is that with the current dow futures pointing slightly downward..expecting dow to open low...with contraction in the manufacting released...and all bad news with automakers...yet the news with gm auto sales 50% increase in asian market this term..seems to me alot of fancy covering up on how bad it is..everbody waiting for banking stress tests...but with the dow market sweeping the dust under the carpet..it seems to me they will brush up on the good news on the banks..and not pointing to the gloomy ones..im on cnn money.com now and even guru warren buffet is texting a speech on how banks wont fail....lmao...did he fail to neglect that he owns 7% in wells-fargo..and feels to me everbody is hoping or ramping up expectations..hmm rally i can see now...but my gut feeling is that the market will contract downwards again soon...you can only hide so much imformation...well thats my opinion...any one else with the same views? or if any im interested to see threads? :banghead:

ty ....
 
Re: XAO Analysis

makingmoney said:
xao personal analysis is that with the current dow futures pointing slightly downward..expecting dow to open low...with contraction in the manufacting released...and all bad news with automakers...yet the news with gm auto sales 50% increase in asian market this term..seems to me alot of fancy covering up on how bad it is..everbody waiting for banking stress tests...but with the dow market sweeping the dust under the carpet..it seems to me they will brush up on the good news on the banks..and not pointing to the gloomy ones..im on cnn money.com now and even guru warren buffet is texting a speech on how banks wont fail....lmao...did he fail to neglect that he owns 7% in wells-fargo..and feels to me everbody is hoping or ramping up expectations..hmm rally i can see now...but my gut feeling is that the market will contract downwards again soon...you can only hide so much imformation...well thats my opinion...any one else with the same views? or if any im interested to see threads? :banghead:

ty ....
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I'm with you. I can see the green shoots turning to burnt roots.
 
Re: XAO Analysis

Been an interesting day so far. I remain neutral at this stage. Will wait to see which way we go over the next week or so.
 

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Re: XAO Analysis

Two downward breaks so far today. Will we go for three?
 

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Re: XAO Analysis

MS+Tradesim said:
Two downward breaks so far today. Will we go for three?
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That's really interesting MS, I was just looking at the first chart thinking "doesn't the price/level usually drop out of a rising wedge when the trend has been down, and then hey presto, the second chart pops up and that's exactly what happened.

If I had seen it beforehand I might have even had a crack at it :(
 
Re: XAO Analysis

MRC & Co said:
Nice little false break before the second drop-off! Got some off that.........then............

Though it would break the low and got HAMMERED. :(
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Limping along after getting a little too eager. These candles, according to Bulkowski, are called "stiffys". All the lads get a little hot under the collar and need some release. The resulting rush often results in a softening of the action and could potentially indicate the start of some serious performance anxiety.

nice how the run started with a hammer outside the bands and we could see a reversal from here.

I need to get me some more of that Bernanke-backed viagra
 

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Re: XAO Analysis

going on the dow this morning the bulls have the lead...so much confidence..lol...oh noes :banghead:..upcoming information is bad yet so much confidence..<---does it make sense..well im in and out gonna chop day trade ..im running with bulls 4 today..:eek:
 
Re: XAO Analysis

nunthewiser said:
calls .....today as the end of this sucka rally :D

i could always be wrong tho :D
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REJECT THE RECESSION!
REJECT THE RECESSION!

LOL the media really is pulling out all stops to keep this rally goin.

Went on longer than it should have, luckily I made a few bucks out of it. But time to let it die, I doubt we'll revisit the low, maybe the November low.
 
Re: XAO Analysis

Granted the day is not over and stress tests due tonight but I'm looking at the weekly as of now and this doesn't look like a top. :confused: Looks more like it's just about to get started.
 

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Re: XAO Analysis

MS+Tradesim said:
Granted the day is not over and stress tests due tonight but I'm looking at the weekly as of now and this doesn't look like a top. :confused: Looks more like it's just about to get started.
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This is just unrelenting. Amazing run. I at least thought a drop back to 3750 to test the support, but it's just broken away. For now. Not long before a 1000 point gain. In 2 months! :eek: This aint healthy imo.
 
Re: XAO Analysis

Hardly pays to be a pessimist or even a realist :D

Stonger for long. take that bears. Jobs jobs Jobs
 
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