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XAO Technical Analysis

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Re: XAO Analysis

skyQuake said:
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% :eek:

Post market SPI should be interesting today :)
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Funny you say that but back in the good old days, 2007. 5 out of my best 10 trading days came from 1 to 2 days or even the day of exp. Was a very crude bot turned on the SPI. She would just run all day.

But not any more.
 
Re: XAO Analysis

kennas said:
Oh dear,

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

Looking forward to the EW explanation...
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Kennas,

What happened? you used to be such a 'bull' and your sitting in Cash.

Why would you bother with EW when you don't even use it?
 
Re: XAO Analysis

kennas said:
EW has proved a distraction.
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scholastic sediment? :D ...

TA, in all it's forms is based (more or less) on patterns, it seems that some new patterns are forming should provide good fodder for future TA.

My take on the rally, (and what I've heard in the media), is that a lot of people were caught unawares by the bounce in March, and subsequent rally, and are now all rushing to get on the train before it leaves the station.

Regards
Ray
 
Re: XAO Analysis

RayG said:
My take on the rally, (and what I've heard in the media), is that a lot of people were caught unawares by the bounce in March, and subsequent rally, and are now all rushing to get on the train before it leaves the station.
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Well, the next 2 Qtrs of data in Australia will be interesting, especially unemployment.
 
Re: XAO Analysis

kennas said:
Looking forward to the EW explanation...
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LOL, give em a break! They're doin their best! Got to be hard when ya keep lookin in the past.

Ya not lettin EW distract ya again?:nono:

RayG said:
My take on the rally, (and what I've heard in the media), is that a lot of people were caught unawares by the bounce in March, and subsequent rally, and are now all rushing to get on the train before it leaves the station.
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Shhhh (I think it's already left) but don't tell anyone.....
(I'm not ready yet.)
 
Re: XAO Analysis

Well I damn well hope so my strategy of sitting back and doing nothing is starting to look pretty sick about now.:banghead:
 
Re: XAO Analysis

MrBurns said:
Well I damn well hope so my strategy of sitting back and doing nothing is starting to look pretty sick about now.:banghead:
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Well I don't know about that last EW chart on the 21/7. But return it will some. Position yourself to profit from the direction you think the market or whatever should be going. At least you'll totally accept the decision.

However, do take a look at the index from a bit of a distance (5 years) or so. She does look like she's still a bit low!


Don't take advise from me, lol, not that ya would.
 
Re: XAO Analysis

Arh I gotta go to bed. I'm obviously just having a bad dream. This thingo cannot keep going up. I'm sure after a good nights sleep we will be back at 3800.

:D
 
Re: XAO Analysis

Hope Ivant has closed some shorts already :(

I heard there will be more bank buying today. Stay long!
 
Re: XAO Analysis

Interesting thing though, DOW up around 160 for most of session, but ended on 83.74, which indicates some selling pressure to me. Could we be reaching a short term top?
 
Re: XAO Analysis

Aussiest said:
Interesting thing though, DOW up around 160 for most of session, but ended on 83.74, which indicates some selling pressure to me. Could we be reaching a short term top?
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Selling pressure, or profit taking?
 
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