XAO Technical Analysis

[ivant]

Re: XAO Analysis

Oh and what on earth is happening in the US today SPX is down 10 points from the high of the futures, while the DOW Futs are down 25. That is a bit rare to see.

 

[MRC & Co]

Re: XAO Analysis

well i would love 2 explain my ideas on overbought shares on stochastic oscillator,but im not here all night..instead of paying out my thread y dont u research stochastic oscillators? gg..

LOL

Oh God........

 

[wayneL]

Re: XAO Analysis

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..instead of paying out my thread y dont u research stochastic oscillators? gg..

What language is this?

 

[nunthewiser]

Re: XAO Analysis

Speaking of gaps, SPI has a gap to close @ 3770s.
And if dow tanks tonight, a few majors would form an island reversal.

would that mean a red day in lingo talk?

 

[nunthewiser]

Re: XAO Analysis

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?

yes i hold longs as pointed out amongst these pages


not fighting a trend pers^e

merely trading probabilitys

if im wrong wear a small loss

move on

if im right wear a win

no rocket science merely tossing a weighted coin where i choose the loss of the outcome

 

[tech/a]

Re: XAO Analysis

Readig the market isnt that hard.

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?

This is true.

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.

This is true.

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.

This is more likely.

Yet neither is Crystal clear.

Click to enlarge

 

[Trembling Hand]

Re: XAO Analysis

Tech your volume on that XAO chart looks to have mange.

 

[skc]

Re: XAO Analysis

2nite vs tonight, a few characters there . 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.

Personally I found ivant to be quite a good leading indicator. His analysis normally come good about 2-3 days after his post. Will be exiting my longs over the next few days...

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.

Of course the economy isn't 50% better, but back in March people may have priced things 50% worse than they should have. So today's level might be correct. Who knows?

 

[tech/a]

Re: XAO Analysis

hmmm.

Principal still the same though.
Using Just data.EOD.
My Metastock at the office looks more like yours.
Volume still down but less dramatic.

I'll pick up a can of Pal on the way home and give it a bath and de flea!
Thanks for the heads up
Clearly neglect on my part.

 

[Trembling Hand]

Re: XAO Analysis

On another note HSI, Kospi and Nasdaq have broken out to new highs and looks to be in a three day hold and consolidate pattern. Ftse and the rest of Europe Taiwan and the SP500 all have quickly moved up to break out levels. Risk currencies are on a runner.

Of course no one will give a toss if global money flows are seeking risk. After all there is indicator divergence................................ F me!!!!!!!

 

[Trembling Hand]

Re: XAO Analysis

Oh and on yet another note,

Will be interesting to see how the 'market' handles NAB cap raising. Futs look ugly at the moment.

 

[beamstas]

Re: XAO Analysis

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?

In VSA, generally, low volume on up moves means "No demand"
But yea, i agree

 

[Edwood]

Re: XAO Analysis

a test of 3890 area would be good

oop - typo, meant 3980 initially

 

[makingmoney]

Re: XAO Analysis

the dow seven straight days in a row with a uptrend...making all xao on stochastic view<---(overbought)I know the views of most threads saying trends ur friend,and you should move with the bulls..but im made a lot of money with my gut feeling..my personal opinion the general markets either being xao/dow/ftse 100 will move sideways in a 2-3wk pattern absorbing or the end year finacial reports and by mid-august onwards i feel that the bulls will come out ..i predict the xao will push through 4100 mid august..and assume the xao will trade above 4400 in september..as for the next few days sencario..im putting my cfds from long to shorts...and will see the market pull back a liitle after today..then movesideways..so as of now im shorting heavily for the next days on the xao

 

[Sean K]

Re: XAO Analysis

the dow seven straight days in a row with a uptrend...making all xao on stochastic view<---(overbought)I know the views of most threads saying trends ur friend,and you should move with the bulls..but im made a lot of money with my gut feeling..my personal opinion the general markets either being xao/dow/ftse 100 will move sideways in a 2-3wk pattern absorbing or the end year finacial reports and by mid-august onwards i feel that the bulls will come out ..i predict the xao will push through 4100 mid august..and assume the xao will trade above 4400 in september..as for the next few days sencario..im putting my cfds from long to shorts...and will see the market pull back a liitle after today..then movesideways..so as of now im shorting heavily for the next days on the xao

That's some detailed gut feeling.

 

[gazelle]

Re: XAO Analysis

My research indicates The XAO will high into either the 23rd - 24th July 2009 .

 

[prawn_86]

Re: XAO Analysis

My research indicates The XAO will high into either the 23rd - 24th July 2009 .

And what research would that be?

 

[Julia]

Re: XAO Analysis

And what research would that be?

I'm also fascinated to know the source of this assertion.

 

[skc]

Re: XAO Analysis

My research indicates The XAO will high into either the 23rd - 24th July 2009 .

Do you know what the XAO is smoking?

 

[gazelle]

Re: XAO Analysis

90 Degrees from 6873 .