XAO Technical Analysis

[Garpal Gumnut]

Re: XAO Analysis

My vote for the next few trading days is sideways to downwards chop.

After that? Not sure yet.

Be happy to take shorts a little higher, say 935s for now.

Be happy to cover around the 900s.

I've been waiting all night for an opinion on the xao.

I dunno.

gg

 

[Sean K]

Re: XAO Analysis

I've been waiting all night for an opinion on the xao.

I dunno.

gg

Count B.

 

[makingmoney]

Re: XAO Analysis

wow 4 strong days from the dow and the bulls r out again...lol

 

[Garpal Gumnut]

Re: XAO Analysis

wow 4 strong days from the dow and the bulls r out again...lol

I'm on the road today so don't have charts, and my driver manages to hit every pothole on the Flinders Highway, but the xao chart on asf looks a bit sick to me today.

Find a buyer.

Its a zero sum game and you don't want to be the zero.

gg

 

[Garpal Gumnut]

Re: XAO Analysis

Just managed to get a link back on.

XAO looks parlous on asf chart.

gg

 

[Garpal Gumnut]

Re: XAO Analysis

Thar she blows.

Wimmin n chilren first.

gg

 

[White_Knight]

Re: XAO Analysis

I might believe that if i hadnt heard the exact same sentiment about half a dozen times since the March lows.

 

[Garpal Gumnut]

Re: XAO Analysis

I might believe that if i hadnt heard the exact same sentiment about half a dozen times since the March lows.

Friday can be lonely late in the afternoon.

gg

 

[RayG]

Re: XAO Analysis

Friday can be lonely late in the afternoon.

gg

Hi Lonely, I'm confused, does anyone have some insight into what's driving this rally?

My only guess is the bears are panicking....

Regards
Ray

 

[skyQuake]

Re: XAO Analysis

Hi Lonely, I'm confused, does anyone have some insight into what's driving this rally?

My only guess is the bears are panicking....

Regards
Ray

Cause everyone was short... Massive squeeze.
But looks like a few bears are getting back into it today.

 

[gfresh]

Re: XAO Analysis

Hi Lonely, I'm confused, does anyone have some insight into what's driving this rally?

Window dressing..

 

[skyQuake]

Re: XAO Analysis

Window dressing..

For the July month?

 

[Real1ty]

Re: XAO Analysis

Window dressing..

Is this the same window dressing that was being done in the lead up to the end of the financial year?

You know the theory that once the new FY begins we are headed for the Abyss

 

[White_Knight]

Re: XAO Analysis

You know i really think that a lot of people have had their pocketbooks and "strategy" so brutalised over the last 18 months that they simply cant see the forest for the trees anymore.

 

[Edwood]

Re: XAO Analysis

Cause everyone was short... Massive squeeze.
But looks like a few bears are getting back into it today.

double witching, with a sprinkling of intc & gs to get thigns boiling

 

[Edwood]

Re: XAO Analysis

buy the Wed into expiry, sell the monday after

 

[MRC & Co]

Re: XAO Analysis

I've been waiting all night for an opinion on the xao.

I dunno.

gg

lol, sorry, my post was for the S&P, been watching it too much lately

Assume similar for the XAO over the next few days. Today being the first.

 

[Edwood]

Re: XAO Analysis

we've just seen either a 3 or C - question is whether or not its completed - if it has then look for a move back to .236 or .382 zones next week, imo

 

[nomore4s]

Re: XAO Analysis

Some patterns, just for interests sake. I'm probably neutral atm with a slight bullish bias. Needs to break 4100 with some conviction to make me bullish till around 4300-4600, prices back under 3900 could mean more sideways action, under 3700 and I'm bearish.

Daily chart 1st & Weekly chart 2nd.

 

[Sean K]

Re: XAO Analysis

Some patterns, just for interests sake. I'm probably neutral atm with a slight bullish bias. Needs to break 4100 with some conviction to make me bullish till around 4300-4600, prices back under 3900 could mean more sideways action, under 3700 and I'm bearish.

And a larger, more complex, H&S is still in play.

I'm sort of hoping the alternate count is in play, and we've seen THE low.