Australian (ASX) Stock Market Forum

XAO Technical Analysis

Jump to new
Re: XAO Analysis

Slow drift lower for some more consolidation. Then another leg higher that'll have the shorts saying it can't go any higher. That's my guess, not based on anything other than my take on human psychology. Scientific huh?
 
Re: XAO Analysis

TA's will look at yesterday's decline on the XJO on HEAVY volume and say WOW! That must be some MAJOR selling...

Thank you GPT for ruining the party.
 
Re: XAO Analysis

If shorters are going to blasted at every opportunity, surely this is the beginnings of a bull market??

I've sold out of most positions on a pull back to somewhere between 4060-4150, but thinking because I want it to happen it's probably not going to...hmmm, this market is a wily one.
 
Re: XAO Analysis

ivant said:
I am guessing this market can go as high as 4370, anything post that and I am in a fair bit of trouble.
Click to expand...

I am reminding myself that you said you were willing to lose all your money, so I don't need to wish you good luck.
 
Re: XAO Analysis

nice pop on the unemployment figures.. would have killed a few stops there.
 

Attachments

  • pop6aug09.jpg
    pop6aug09.jpg
    81.6 KB · Views: 19
Re: XAO Analysis

kennas said:
I am reminding myself that you said you were willing to lose all your money, so I don't need to wish you good luck.
Click to expand...

What i dont get is why would you be willing to lose all your money :confused:

Surely at least put 100k away or a % away for the longer term each time. If Ivant keeps blowing up every few years, well then he is not going to achieve any long term goals is he. Very short sighted if you ask me. Oh well, each to their own... :confused:
 
Re: XAO Analysis

prawn_86 said:
What i dont get is why would you be willing to lose all your money :confused:

Surely at least put 100k away or a % away for the longer term each time. If Ivant keeps blowing up every few years, well then he is not going to achieve any long term goals is he. Very short sighted if you ask me. Oh well, each to their own... :confused:
Click to expand...

kennas said:
I am reminding myself that you said you were willing to lose all your money, so I don't need to wish you good luck.
Click to expand...

Mods, stay with the thread and respect the wish of ivant pls. I am not siding with him but I think he has a place on this forum (either as a positive or negative example) so don't drive him away...

Feel free to start a thread called "multiple blow ups - good strategy or not" and discuss it there :)
 
Re: XAO Analysis

when all said and done tho .......

YES placing a decent % away would have been the right and responsible move

but would like to point out also that i do admire his honesty in this whole " trading " situation ..

we dont hear these tales here .. its 90% how great one is or "do as i say otherwise you are wrong " etc

its is refreshing to hear someones human for a change even tho reckless but at least his story MAY ( hopefully ) teach others here a real life scenario on proper money management and teach that without said management the market will taketh away quicker and more severely than it gave

these storys of financial mismanagement you will NOT read in a book or 99% of any other public arena .....

lol sorry SKC i only read your post after composing this masterpiece
 
Re: XAO Analysis

skc said:
Mods, stay with the thread and respect the wish of ivant pls. I am not siding with him but I think he has a place on this forum (either as a positive or negative example) so don't drive him away...

Feel free to start a thread called "multiple blow ups - good strategy or not" and discuss it there :)
Click to expand...
Huh? I'm not posting as a Mod, and I'll say what I like in regard to other people's posts in this thread within the posting guidelines. If he doesn't want it analysed or commented on, don't post it up.
 
Re: XAO Analysis

kennas said:
Huh? I'm not posting as a Mod, and I'll say what I like in regard to other people's posts in this thread within the posting guidelines. If he doesn't want it analysed or commented on, don't post it up.
Click to expand...

Not saying you posted as a mod... just addressing both of you as Mods since you are.

Of course you can post what you like. I was just politely pointing out that the possible consequence may not be what other forum users like to see.
 
Re: XAO Analysis

skc said:
Mods, stay with the thread and respect the wish of ivant pls. I am not siding with him but I think he has a place on this forum (either as a positive or negative example) so don't drive him away...

Feel free to start a thread called "multiple blow ups - good strategy or not" and discuss it there :)
Click to expand...

mate , far be it for me to ever come to the defence of a moderator, but your post makes no sense and detracts from this thread , started by kennas by the way.

I've read ivants posts and they make little sense either.

Play the ball and not the man, or else start your own thread.

gg
 
Re: XAO Analysis

Sorry, a bit of hindsight but still not too far off, I'm short at 1001 on S&P, if NFPs come out worse than expected tomorrow, I expect an all nighter of selling.

Expect a pullback towards the 955-57 area. From then, unsure as of yet.
 
Re: XAO Analysis

yeah could be the case Mr C - FTSE looks to have completed a pattern o/n - Cisco not good, UK allocated another 50bn to QE because things were worse than they thought. Media & GS saying buy - must be due some sort of a retrace
 
Re: XAO Analysis

MRC & Co said:
Sorry, a bit of hindsight but still not too far off, I'm short at 1001 on S&P, if NFPs come out worse than expected tomorrow, I expect an all nighter of selling.

Expect a pullback towards the 955-57 area. From then, unsure as of yet.
Click to expand...


BHP , RIO profits expected to be an evil one also .......


BHP Billiton Ltd/Plc and Rio Tinto Ltd/Plc , the world's two biggest miners, are set to report sharp falls in profit for the June half, battered by a slump in metals prices and volumes.

The December half will be even worse, as the full impact of lower iron ore and coal prices hits
Click to expand...
 
Top