prawn_86
Mod: Call me Dendrobranchiata
- Joined
- 23 May 2007
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Some random lines to consider.
Some random lines to consider.
what are the general feelings going forward from here on the XAO?
Another close above 3800 again, many have this as a decisive S/R point. Monday will likely open up again, whether or not it holds this is another question?
For me, it's a clear run through to 4000 is we can hold 3800, but looking nasty if we drop back under.
Thoughts?
I'm hopeing we hit 4000 this week.
I'm holding spi longs for a swing up.
Lots of volume in the asx20 last friday avo.
*prays to market Gods*
GM makes me nervous to be bullish lately.
I guess its all old news.
..or has anyone really considered that we could chop around rangebound for another month or so? Too many bulls and bears atm
Broadway why is your large volume transactions always a positive. Why are they always a reason for getting long
Could it not be an end of month market to print the bar/stats?
Past months haven't shown this much volume at 1610. It was triple normal across the entire asx20 on friday avo. Past volume like this has worked for me on a long trade. It seems like too much volume across too many charts to be shorts. So I figure I just have to follow when the pros are buying. Plus I dont think there would be such massive shorting of stocks while we are at the bottom of a range.
As well as serious volume had been entering asia, europe and US charts on dips all last week.
Todays trend was the result of accumulation that had been building up all last week.
The start of the accumulation happened with the banks last Monday.
I can give you charts if you want me to illustrate.
btw, we may not get to 4000 this week, theres some volume on peaks in europe that im seeing.
EW'ers, when does the running flat W4 analysis be proved incorrect?
I think that all these technical indicators flying off will get all the new people to technical analysis (lots of people (dumb people)) buying because they would be under the impression that technical analysis can predict the market. I think this will cause further strength... but the momentum will wear off because the people with experience wont buy into it to keep it going.
I think that all these technical indicators flying off will get all the new people to technical analysis (lots of people (dumb people)) buying because they would be under the impression that technical analysis can predict the market. I think this will cause further strength... but the momentum will wear off because the people with experience wont buy into it to keep it going.
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