XAO Technical Analysis

[skyQuake]

Re: XAO Analysis

So the academic scholars have been buying a lot of stocks lately?

SELL!

 

[wayneL]

Re: XAO Analysis

Well it's easy to target a thread._Actually, it shows me your intelligence quotient is quite low;_you're very arrogant._In_fact, next time try to read a post respects the person's thoughts instead_and maybe comment on why you think the post is wrong._Maybe with this type of methodical thinking <removed> people will actually learn about the topic of the thread.

I'm no genius,_but make a healthy income from trading._My past posts have been my personal analysis of the general market._As for your last post on the market is rallying..._(lol<---blind freddy could tell you that)._Actually making money on the dips in the cycle is another thing all together.

Actually one question before I go._Do you actually trade?_And if so, good luck on the market!_Because any trader on the market right now knows the scholastic view is way overbought._Maybe your view is a one way direction - up._My view is the Dow still has a long way to go with incoming end of year results_and with the information I have at hand, there could be a change in sediment (<sic LOLOL)._Anyway enough said.

Corrected so people can actually read it.

 

[Sean K]

Re: XAO Analysis

Corrected so people can actually read it.

Making money, is actually two words as well.

 

[wayneL]

Re: XAO Analysis

Making money, is actually two words as well.

There is only so much one man can do.

 

[tech/a]

Re: XAO Analysis

Surely you mean stochastic and sentiment??

That is an absolute CLASSIC.

In stretchers.
Having Fart Hailure.

 

[Sean K]

Re: XAO Analysis

Having Fart Hailure.

Understandable for someone of your age tech.

breath, breath ....

Have 000 on speed dial just in case.

 

[vincent191]

Re: XAO Analysis

I went in short this week and I am licking my wounds. Intra-day rallies have wiped me out real quick.
I wonder how much longer or higher the market can go. It has been a dream run upwards. Anyone agree that we are overdue for a downward correction?

 

[Aussiest]

Re: XAO Analysis

It has been a dream run upwards. Anyone agree that we are overdue for a downward correction?

I think we just had it over the last two days. In all seriousness, i'm not sure. This thing looks like it's never going to stop. If Aussie results exceed expectations, we could be in for a further rise of 200 points

 

[Sean K]

Re: XAO Analysis

I went in short this week and I am licking my wounds. Intra-day rallies have wiped me out real quick.
I wonder how much longer or higher the market can go. It has been a dream run upwards. Anyone agree that we are overdue for a downward correction?

Overdue for a significant correction (or continuation of the correction according to EW) for some time.

V shape correction is a dirty word. Um, two words. But geesh!

Other bear market bounces have been 20-30% so still chance of a continuation of the downward-sideways move.

With so much paper money thrown at this however, we're in unprecedented territory. Just depends how that debt is sorted out perhaps..

 

[nunthewiser]

Re: XAO Analysis

fwiw i have added to bhp and cba short

bhp in profit roughly+ 3.5%

cba losing roughly - 2%

cba short including todays entry will be stopped out imminently on a strong break of todays high

 

[Sean K]

Re: XAO Analysis

fwiw i have added to bhp and cba short

Good, waiting for another opportunity to buy these. Lets hope they tank some way. BHP back to $27 and CBA to $30 would be great.

 

[skyQuake]

Re: XAO Analysis

Good, waiting for another opportunity to buy these. Lets hope they tank some way. BHP back to $27 and CBA to $30 would be great.

Problem is everyone is thinking along those lines

Which means:

a) It will never get there (not in the nxt 5 years)
b) It will get there, everyone will buy, and it'll continue tanking and everyone gets stopped out.

 

[nunthewiser]

Re: XAO Analysis

Good, waiting for another opportunity to buy these. Lets hope they tank some way. BHP back to $27 and CBA to $30 would be great.

LOL on a somewhat biased viewpoint i totally agree

crashnburn ya suckers!

i could always be wrong also and take a smack in the chops for being so cheeky

 

[Trembling Hand]

Re: XAO Analysis

cba short including todays entry will be stopped out imminently on a strong break of todays high

POP!!

:shoot::bunny: :badass:

 

[gfresh]

Re: XAO Analysis

LOL.. don't think he was the only one either..

These shorts are good feedstock for the bulls, keep it up.

 

[Sean K]

Re: XAO Analysis

LOL on a somewhat biased viewpoint i totally agree

crashnburn ya suckers!

i could always be wrong also and take a smack in the chops for being so cheeky

Oh dear,

Some cash earning 2% or something, while the market goes balistic.

Looking forward to the EW explanation...

 

[skyQuake]

Re: XAO Analysis

Option/warrant expiry. Warrant MMs have barrier levels to take out. Oppie MMs have books to square off. No reason to short today!

 

[Trembling Hand]

Re: XAO Analysis

Option/warrant expiry. Warrant MMs have barrier levels to take out. Oppie MMs have books to square off. No reason to short today!

Yep, but "normally" thats 1-2 days before exp. I guess they squared up longs yesterday, today they are blowing puts

 

[nunthewiser]

Re: XAO Analysis

POP!!

:shoot::bunny: :badass:

yep

 

[skyQuake]

Re: XAO Analysis

Yep, but "normally" thats 1-2 days before exp. I guess they squared up longs yesterday, today they are blowing puts

Used to short on close of oppie expiry on the premise that 'oh they're running it up cause of expiry'

And proceed to get belted the next day when it runs another 4 or 5%

Post market SPI should be interesting today