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Re: XAO Analysis


Corrected so people can actually read it.
 
Re: XAO Analysis

Surely you mean stochastic and sentiment??

That is an absolute CLASSIC.

In stretchers.
Having Fart Hailure.
 
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?
 
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
 
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..
 
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
 
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.
 
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
 
Re: XAO Analysis

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

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