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XAO Technical Analysis

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Re: XAO Analysis

Trembling Hand said:
Broadway I remember looking at that to see what Divergence he was talking about. As Divergence after a rally (I guess he was talking about daily) would be bearish.

I couldn't make any sense of it because 1 I couldn't see divergence and 2 it would be bearish :confused:

Anyway we did get a false break. Which is keep with the H & S calls on this forum, think they are running at about a 20% hit rate!! good work there :cautious:

For the bears I reckon you haven't got an edge this week shorting but maybe the coin I flipped was stuffed. :D
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Todays action looking like a reverse hammer. 4050 looks a bit like a resistance area too, March/paril 05 and start of this year.

just:2twocents
 
Re: XAO Analysis

Trembling Hand said:
Broadway I remember looking at that to see what Divergence he was talking about. As Divergence after a rally (I guess he was talking about daily) would be bearish.

I couldn't make any sense of it because 1 I couldn't see divergence and 2 it would be bearish :confused:

Anyway we did get a false break. Which is keep with the H & S calls on this forum, think they are running at about a 20% hit rate!! good work there :cautious:

For the bears I reckon you haven't got an edge this week shorting but maybe the coin I flipped was stuffed. :D
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I didnt understand the divergence he referred to either.
Im short today as well.
But not confidently.
US bonds have turned up.
Equity PCR has been low for days.
Some good volume on last night's US hod.
Other volume hints.
I've been wrong before.

Go The Bears...
 
Re: XAO Analysis

explod said:
tis now

but prolly not enough gap between yestys close to fit the reverss criteria. Lookin shaky to me though.

The Dow knows
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Speaking of gaps, SPI has a gap to close @ 3770s.
And if dow tanks tonight, a few majors would form an island reversal.
 
Re: XAO Analysis

i could only hope the dow tanks 2nite but with the dow being so bullish 6days in row../sigh..i wouldn't be surprised if the dow rallies again ../sigh..gogo bears
 
Re: XAO Analysis

makingmoney said:
i could only hope the dow tanks 2nite but with the dow being so bullish 6days in row../sigh..i wouldn't be surprised if the dow rallies again ../sigh..gogo bears
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You hope it tanks "2nite"? Wow, what a great basis of investing that is. If the up-trend is so apparently obvious to you, why the heck aren't you apart of it?

Oh, and may I ask - what is with the use of the 2, to substitute to? It's one character more! Are you sending these messages from a cell phone, or what?
 
Re: XAO Analysis

2nite vs tonight, a few characters there :p. I guess it looks new age :)

In any case, the bulls have been crazy over the last few days. I have seen some long time bears turn bullish this week, which makes me edgy. I am short pretty heavily, and down 100 points so far. The market doesn't seem to want to break the 3085ish level at the moment, but I am worried about the 960 level on the S&P tonight. If it doesn't hold, us bears could be in a little trouble. Several indicators are showing a heck of a divergence coming in. Very similar scenario to mid-June technically. Will be an interesting end to the week.
 
Re: XAO Analysis

One for the bears though is as the market rallies volumes falling. The "green shooters" are becoming a bit thin on the ground.
 

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Re: XAO Analysis

CamKawa said:
Who's going to go long?
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The smart question would be "Who's already long?"

I don't know why you guys are trying to fight the trend. All the doom and gloom has clouded your vision imo. We may test the bottom again in the future but why fight against the current strength?
 
Re: XAO Analysis

CamKawa said:
One for the bears though is as the market rallies volumes falling. The "green shooters" are becoming a bit thin on the ground.
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Why is that bearish?

Couldn't the fact no volume has come in near or at resistance mean there is no supply there? Especially since the price is still going up?
 
Re: XAO Analysis

Nyden said:
You hope it tanks "2nite"? Wow, what a great basis of investing that is. If the up-trend is so apparently obvious to you, why the heck aren't you apart of it?

Oh, and may I ask - what is with the use of the 2, to substitute to? It's one character more! Are you sending these messages from a cell phone, or what?
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oh wait so u did understand the abrevation..lol..welcome 2 the present day..and replying 2 ur ? "why the heck aren't you apart of it?..well i would love 2 explain my ideas on overbought shares on stochastic oscillator,but im not here all night:p..instead of paying out my thread y dont u research stochastic oscillators? gg..
 
Re: XAO Analysis

cant understand the strong dow futures pointing 2 postive open in 30mins..when the news releases coming out on du pont 62% losses and cit ..lol theres a herd of bulls moving the dow a lot of ppl confident on bad news..gg../sigh
 
Re: XAO Analysis

CamKawa said:
One for the bears though is as the market rallies volumes falling. The "green shooters" are becoming a bit thin on the ground.
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based on what the chart shows on the new buying that's normal. the volume bust came on the trend change. selling is dropping off as they are holding and mainly buyers coming on board.

looks normal to me.
 
Re: XAO Analysis

makingmoney said:
cant understand the strong dow futures pointing 2 postive open in 30mins..when the news releases coming out on du pont 62% losses and cit ..lol theres a herd of bulls moving the dow a lot of ppl confident on bad news..gg../sigh
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makingmoney,

you have to ask what does the market expect!

they can expect lower losses which is bullish as long as they get it.

:)
 
Re: XAO Analysis

nomore4s said:
Why is that bearish?

Couldn't the fact no volume has come in near or at resistance mean there is no supply there? Especially since the price is still going up?
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If you are seeing up bars, on less and less volume...how is that no supply? I would have thought thats no demand. I would want to see an increase in volume as we approach resistance, to push through it. Down days on small volume would be no supply for me.
 
Re: XAO Analysis

Bear market rallies die in low volume... Just a point irrelevant to the current scenario. I am a little bit skeptic about all the green shoots. I don't think that the economy is 50% (if we get another push here) better than it was in March. The only way to know that this is a bull for sure is to test a lower level, and by this at least 800 on the S&P500. The Goldman call seems a bit dodgy to me.
 
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