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XAO Technical Analysis

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Re: XAO Analysis

beamstas said:
What makes you think EW can predict the future?
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I didn't actually say that beamstas.

I'm looking forward to the revised retrospective count. The expanding triangle W4 isn't looking good.

It's something more complex.
 
Re: XAO Analysis

kennas said:
I didn't actually say that beamstas.

I'm looking forward to the revised retrospective count. The expanding triangle W4 isn't looking good.

It's something more complex.
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How does knowing what the current count is help you make money? The market leads eliott wave, not the other way around.

As Radge said on the other thread, he was bearish, but is still long because that's what the market is currently presenting.

Just get on the right side of the market and let it do what it wants, currently the right side is long and that's where i've been for 2 weeks.
 
Re: XAO Analysis

Can i get a link to this expanding triangle W4 that is being spoken of? I must have missed it

:(
 
Re: XAO Analysis

beamstas said:
How does knowing what the current count is help you make money?
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Good question, the Ellioticians will need to answer that.

beamstas said:
Can i get a link to this expanding triangle W4 that is being spoken of? I must have missed it

:(
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It's in the Elliot Wave and the XAO thread, but is just one EW perspective. Those posters here have us in a W4 of some type. There was a possible alternate count, but it hasn't been considered in detail.

I'm looking forward to the revised count. It's interesting stuff.
 
Re: XAO Analysis

beamstas said:
Thanks, Kennas.
But
I think i'll pass on that one!
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No dramas.

I'm open to all analysis of where we've been and where we're going.

Surprised Yogi hasn't been in this thread. At all actually. Surely he should be able to see where the XAO is going! :confused:
 
Re: XAO Analysis

This is AGET's default take on the XAO weeklies, bearish divergence with bullish volume, price action after reporting season will be interesting.

Disclaimer.

I'm only a mug Elliot Wave observer DYOR.
 

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Re: XAO Analysis

Well I decided to move my SPI swear jar money into banks today ;)

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A contact was hinting at it, and told me not to short anz lol
Kinda makes sense now.. Big 4 get upgraded, last straw for sideline money to move in. Surprising number of funds listen to their insto brokers :O

Also I reckon theres a fair bit of rotation from XMJ and XEJ to financial et al.
 
Re: XAO Analysis

skyQuake said:
Also I reckon theres a fair bit of rotation from XMJ and XEJ to financial et al.
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Yes and no one wants anything to do with "safe" yielding TLS on this rally.

More evidence that the elephants are in risk seeking mode - Stampede any one?
 
Re: XAO Analysis

Awesomandy said:
The more elephants run out to the tide, the more they run back when the tide comes back in, and, unfortunately, drowning a few of them in the process.
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What if what actually happened was the elephants all stampeded inland because a tsunami arrived, (many elephants got trampled already in that stampede!!!), and now the tsunami has receded, and after waiting for a bit to be sure, the elephants are just walking (maybe stampeding a little in their exuberance!) back to the regular coast line?? The tide might even still be up! :) The rabbits get trampled regardless.....

Cheers,

Beej
 
Re: XAO Analysis

XJO daily.
This seems to be a reasonable count so far.
(3) was approx. 1.62 x (1)
3 of (3) was approx. 1.62 x 1 of (3)
Question is, is this wave 4 or wave 1 of the new bull market?
 

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