XAO Technical Analysis

[MRC & Co]

Re: XAO Analysis

Why?
Demand is increasing/prices are rising/AUD is strong/Inventory is average.

Portfolio reshuffling from Asia to West (only short-term, due to Chinese talk of monetary policy tweaking).

Risk averse bid, higher USD, bond markets. Falling risk assets, commodities, equities.

Falling AUD, odd the talk of rising rates saw an AUD sell-off, if by bond markets alone, aggressive tightening is already priced in (which would mean it was probably priced into the AUD too).

Inventories such as crude oil, have been poor lately, surplus to expectations.

 

[Dark1975]

Re: XAO Analysis

Looking at the Dow futures currently @ -176.00.Havn't seen it that negative for a while. News on cnn money.com for tomorrow quote"Futures dive as investors worldwide retreat amid growing anxiety about strength of the global recovery".
I said the turning point was coming this week on the previous thread,Maybe jumping the gun a bit.But i think the correction will take place in these coming weeks.
I wish i could post a cartoon of a big bear rear-ending a bull.

 

[CamKawa]

Re: XAO Analysis

Looking at the Dow futures currently @ -176.00.Havn't seen it that negative for a while.

Futures are now down -193 points, someone’s sh1tting themselves big time.

I wish i could post a cartoon of a big bear rear-ending a bull.

 

[Real1ty]

Re: XAO Analysis

Futures are now down -193 points, someone’s sh1tting themselves big time.

Yet when they are up 193 it's just ridiculous

Could be a bit of premature ejac....ooops, elation there

There has been buying before the close on all these down days so it might be a bit early for bigger players to be sh1tting themselves yet.

Of course this could be just the start but only time will tell.

 

[Gordon Gekko]

Re: XAO Analysis

Thats mine!!

 

[skyQuake]

Re: XAO Analysis

Looking at the Dow futures currently @ -176.00.Havn't seen it that negative for a while. News on cnn money.com for tomorrow quote"Futures dive as investors worldwide retreat amid growing anxiety about strength of the global recovery".
I said the turning point was coming this week on the previous thread,Maybe jumping the gun a bit.But i think the correction will take place in these coming weeks.
I wish i could post a cartoon of a big bear rear-ending a bull.

If its on money.com, then the gap's gonna get filled and dow will prob close green

 

[Dark1975]

Re: XAO Analysis

Futures are now down -193 points, someone’s sh1tting themselves big time.

haha. Cheers mate that's the picture i was looking for.

 

[Awesomandy]

Re: XAO Analysis

If its on money.com, then the gap's gonna get filled and dow will prob close green

That's my feeling too. Perhaps not green at the end of the day, but my gut says it won't go lower than what it is at the moment. I don't trade the dow, but here goes a gut-trade - opened a small long on the dow with a tight stop, and off to bed I go. Wouldn't mind hitching a ride on pure luck and hopefully getting some spare change in the morning.

 

[moXJO]

Re: XAO Analysis

If its on money.com, then the gap's gonna get filled and dow will prob close green

I closed some shorts on the dow, so it will probably drop 400 points or so tonight and another 1000 this week.

 

[white_goodman]

Re: XAO Analysis

IN before CNBC says it was Monday Profit taking lol haha, wonder how the perma media bulls will spin today/this week

 

[ivant]

Re: XAO Analysis

still low volume. id expect this to get at least 50% filled by close. during october there is no chance this will be happening. for now, its probably still early days for the bears. i learnt my lesson last week haha.

 

[Dark1975]

Re: XAO Analysis

If its on money.com, then the gap's gonna get filled and dow will prob close green

I see no green shoots

 

[Sunder]

Re: XAO Analysis

IN before CNBC says it was Monday Profit taking lol haha, wonder how the perma media bulls will spin today/this week

Wow... What a turn around we had today... Maybe yesterday was mostly profit taking.

Now that I've said this, we're going to turn aroudn again after lunch and close deep in the red.

 

[surfziggy]

Re: XAO Analysis

still low volume. id expect this to get at least 50% filled by close. during october there is no chance this will be happening. for now, its probably still early days for the bears. i learnt my lesson last week haha.

So have you flipped your position now Ivan? I'm thinking this isn't that bad (yet). If we head higher from here it will look fine, but a few more days down or consolidating would be nice.

 

[outback]

Re: XAO Analysis

Wow... What a turn around we had today... Maybe yesterday was mostly profit taking.

Now that I've said this, we're going to turn aroudn again after lunch and close deep in the red.

Now you've said that after saying that, are we going to see a rise?

 

[Sean K]

Re: XAO Analysis

Now you've said that after saying that, are we going to see a rise?

Probably only if it goes up.

 

[Sunder]

Re: XAO Analysis

Looks like it shook off lows, but didn't make it into the green a second time.

Oh well. Small loss is better than a big loss. At the worst of the day it was only a few points from hitting my stop.

 

[skyQuake]

Re: XAO Analysis

This fall looks like just traders sellings, and weak hands being shaken out. Don't think too many funds are selling out yet.

 

[gfresh]

Re: XAO Analysis

Nope.. that is why I'm not that convinced we'll have a massive correction or go on to make any lower low.

Only traders selling out. The institutionals aren't so easily spooked to dump everything at the drop of a hat. Seeing as most of them go long anyhow, those hundreds of fundies wouldn't have much to do now would they.

 

[Wysiwyg]

Re: XAO Analysis

Nope.. that is why I'm not that convinced we'll have a massive correction or go on to make any lower low.

Yes to that most likely scenario.

I heard on Bloomberg that American pension funds have been on the sidelines during this rally and no doubt there would be other money pools wanting in.

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