XAO Technical Analysis

Trembling Hand · 30 July 2009

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%

Post market SPI should be interesting today

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.

Frank D · 30 July 2009

Re: XAO Analysis

kennas said:
Oh dear,

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

Looking forward to the EW explanation...

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?

Sean K · 30 July 2009

Re: XAO Analysis

Frank D said:
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?

EW has proved a distraction.

RayG · 30 July 2009

Re: XAO Analysis

kennas said:
EW has proved a distraction.

scholastic sediment? ...

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

Aussiest · 30 July 2009

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.

Well, the next 2 Qtrs of data in Australia will be interesting, especially unemployment.

MR. · 30 July 2009

Re: XAO Analysis

kennas said:
Looking forward to the EW explanation...

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.

Shhhh (I think it's already left) but don't tell anyone.....
(I'm not ready yet.)

MrBurns · 30 July 2009

Re: XAO Analysis

I think it will be reversing back through the station before long.

MR. · 30 July 2009

Re: XAO Analysis

MrBurns said:
I think it will be reversing back through the station before long.

No doubt. Shhhh

MrBurns · 30 July 2009

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.

MR. · 30 July 2009

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.

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.

Real1ty · 30 July 2009

Re: XAO Analysis

MrBurns said:
I think it will be reversing back through the station before long.

S&P up 16 points currently.

I hope you're not holding your breath.

Trembling Hand · 31 July 2009

Re: XAO Analysis

Sheeeesus!!!

I can smell blood in the streets.

Bears blood. SPI futs at 4215.

wayneL · 31 July 2009

Re: XAO Analysis

Trembling Hand said:
Sheeeesus!!!

I can smell blood in the streets.

Bears blood. SPI futs at 4215.

Trembling Hand · 31 July 2009

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.

MrBurns · 31 July 2009

Re: XAO Analysis

Real1ty said:
S&P up 16 points currently.

I hope you're not holding your breath.

Maybe if I can just hold this till Monday...............

skyQuake · 31 July 2009

Re: XAO Analysis

Hope Ivant has closed some shorts already

I heard there will be more bank buying today. Stay long!

Aussiest · 31 July 2009

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?

Sunder · 31 July 2009

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?

Selling pressure, or profit taking?

Trembling Hand · 31 July 2009

Re: XAO Analysis

skyQuake said:
Hope Ivant has closed some shorts already

I heard there will be more bank buying today. Stay long!

Only $115,750 off side

nice trade

Aussiest · 31 July 2009

Re: XAO Analysis

Trembling Hand said:
Only $115,750 off side

That's a decent deposit on a house .

Good distinction Sunder, you're probably right

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