XAO Technical Analysis

[trainspotter]

Re: XAO Analysis

LMAO Chris45. That is the best chart analysis I have ever read in my entire life. I have copied this and will have it framed and put under glass to be hung in my "secret mens business room" or SMB for short. A black cat ran in front of me yesterday and a bird pooped on my car. Does this mean I am impervious to the market shorts or should I consult a soothsayer who will rip the innards out of a goat and advise me of the phone number of a numerologist? Go you good thing !!

 

[white_goodman]

Re: XAO Analysis

god elliott wavers annoy me, the greatest repainting hindsight indicator in history

 

[RayG]

Re: XAO Analysis

Re: chart posted in message #7219 on p361:
March low was 10thLooking at the chart I posted in message #6885 on p345:
Wave 5 ran about 200% x wave 1 so we may have just completed a primary Wave 1 of our new bull market.
The 09/09/09 forecast low could be wave A of an ABC wave 2 correction.
A 50% retracement of primary wave 1 would take us back to 3815.
The January high was 3817.9 which presumably would be a support level for wave C.

ROTFLMAO .... very perceptive ...

Regards
Ray

 

[Sean K]

Re: XAO Analysis

god elliott wavers annoy me, the greatest repainting hindsight indicator in history

The problem is that there seems to be a rule to cover every eventuality. Except the W3 which can't be the shortest. How you make investment decisions on that is confounding. You only know after 5 is over.... By itself, it's a turkey.

 

[explod]

Re: XAO Analysis

god elliott wavers annoy me, the greatest repainting hindsight indicator in history

Maybe, but it is not just the Wave part, a reading of Prector et. al., indicates very thorough alignment of stock market fundamentals.

We are now in Wave V, built on hope and borrowed money, make the most of it but beware, the crash from wave Vs are not pretty and this one is the doozey of the greatest financial ponzi in history.

Am I annoying you?

 

[ThingyMajiggy]

Re: XAO Analysis

By itself, it's a turkey.

Does anyone actually trade using solely EW? I know of a few guys who use it aswell as something else, I wonder how the traders are going that use JUST EW.

 

[Sean K]

Re: XAO Analysis

I wonder how the traders are going that use JUST EW.

I don't think they do in isolation. OWG hasn't posted since his expanding triangle scenario went pear shaped. wavepicker hasn't posted since he was banned for having at least 5 different personalities. Funny that. Radge just posts the ones that conform to the rules about a week after. Tech uses it as a tool but is much more concerned with trade management. I haven't seen anyone prove it's an edge. Better off following MichaelD with his dart board approach probably.

 

[nunthewiser]

Re: XAO Analysis

I don't think they do in isolation. OWG hasn't posted since his expanding triangle scenario went pear shaped. wavepicker hasn't posted since he was banned for having at least 5 different personalities. Funny that. Radge just posts the ones that conform to the rules about a week after. Tech uses it as a tool but is much more concerned with trade management. I haven't seen anyone prove it's an edge. Better off following MichaelD with his dart board approach probably.

hahahahahahah

UH OH!

hope ya wearing headgear m8 , as you gunna pay dearly for that comment i suspect

 

[Chris45]

Re: XAO Analysis

LMAO Chris45. That is the best chart analysis I have ever read in my entire life. I have copied this and will have it framed and put under glass to be hung in my "secret mens business room" or SMB for short. A black cat ran in front of me yesterday and a bird pooped on my car. Does this mean I am impervious to the market shorts or should I consult a soothsayer who will rip the innards out of a goat and advise me of the phone number of a numerologist? Go you good thing !!

ROTFLMAO .... very perceptive ...
Regards
Ray

Numerology stuff was posted purely for its entertainment value. It has no significance whatsoever to real life events. Just a bit of fun. Cheers all.

 

[brty]

Re: XAO Analysis

Explod,

Maybe, but it is not just the Wave part, a reading of Prector et. al., indicates very thorough alignment of stock market fundamentals.

We are now in Wave V, built on hope and borrowed money, make the most of it but beware, the crash from wave Vs are not pretty and this one is the doozey of the greatest financial ponzi in history

.

Prechter called the absolute top in '87, 91 and a few other times. He will be right eventually/ maybe, but it could be another 20 years. Following such nonesense predictions does not bode well for the hip pocket.

brty

 

[wayneL]

Re: XAO Analysis

Does anyone actually trade using solely EW? I know of a few guys who use it aswell as something else, I wonder how the traders are going that use JUST EW.

Correctives can be traded on their own merit IMO... unless they turn complex

WaveC ZZs and flats are a no brainer. Breakouts from 5 wave tri's are a pretty good probability trade too. Other patterns a bit harder, but it's no different to any pattern based trading... form a hypothesis, take the entries, bail if wrong.

Some fail with it because of a pathological need to be right.

<edit to add after seeing brty's post> I think the whole prediction thing with EW has knobs on it. Hypothesis yes, prediction no.

 

[explod]

Re: XAO Analysis

Explod,

.

Prechter called the absolute top in '87, 91 and a few other times. He will be right eventually/ maybe, but it could be another 20 years. Following such nonesense predictions does not bode well for the hip pocket.

brty

Predictions are for the birds and even Precter has been caught short at the breadth of the current wave. My interest is in the quality of fundamental analysis behind a/w theory, not to trade off, but to keep me abreast of the possiblities and aware early of market change.

It is easy to pick off errors, and one who seeks it usually ignores the successes. Something to do with, we all want to be heroes perhaps.

 

[micksof]

Re: XAO Analysis

*
Perhaps you guys can show us some of the systems you use, since you think most of what everyone else is using is garbage. *This is a great opportunity for you all, which of you guys will step up first for scrutiny? After all you have put these poor other posters through the ringer.
*
*

 

[Chris45]

Re: XAO Analysis

god elliott wavers annoy me, the greatest repainting hindsight indicator in history

Of course you're absolutely correct!

No one who saw the 1974-1987 pattern could possibly have imagined the 1992-2007 pattern would have a strong fifth wave that they could make money from by being fully invested and which would be followed by a 50% correction of the entire index. You'd have to have rocks in your head to believe that.

And of course the Fib Wave 3 extensions of 2.62 and 1.62 and the Wave 4 retracements of 0.62 and 0.5 are pure coincidence and of no significance whatsoever. Simply smoke and mirrors.

This EW and numerology stuff is all just a bit of fun and games and you'd have to be crazy to take any of it seriously so just have a laugh and try not to get annoyed.

 

[Sean K]

Re: XAO Analysis

*
Perhaps you guys can show us some of the systems you use, since you think most of what everyone else is using is garbage. *This is a great opportunity for you all, which of you guys will step up first for scrutiny? After all you have put these poor other posters through the ringer.
*
*

I've posted just about every buy and sell for the past 3 years.

 

[white_goodman]

Re: XAO Analysis

Of course you're absolutely correct!

No one who saw the 1974-1987 pattern could possibly have imagined the 1992-2007 pattern would have a strong fifth wave that they could make money from by being fully invested and which would be followed by a 50% correction of the entire index. You'd have to have rocks in your head to believe that.

And of course the Fib Wave 3 extensions of 2.62 and 1.62 and the Wave 4 retracements of 0.62 and 0.5 are pure coincidence and of no significance whatsoever. Simply smoke and mirrors.

This EW and numerology stuff is all just a bit of fun and games and you'd have to be crazy to take any of it seriously so just have a laugh and try not to get annoyed.

you just reaffirmed my point even moreso!

its the most powerful indicator/tech analysis ever... in HINDSIGHT! (ie cant make money off it)

now post me something forward looking on the right edge

 

[micksof]

Re: XAO Analysis

I've posted just about every buy and sell for the past 3 years.

Great, but what has been basis of your system? Can you elaborate how this system has an edge over someone using Elliot Waves, Gann, or any other approaches that most traders use?

More to the point, have you been profitable in the last three years ?

 

[Sean K]

Re: XAO Analysis

Great, but what has been basis of your system? Can you elaborate how this system has an edge over someone using Elliot Waves, Gann, or any other approaches that most traders use?

More to the point, have you been profitable in the last three years ?

I do not have a 'system'. I find fundamentally undervalued stocks and then buy and sell them on support and resistance until they are fundametally or technically overbought and take profits accordingly. It's so discretionary that even I struggle to follow it. I haven't 'worked' for a few years, so I suspose it works. Best to ignore me as I don't charge.

 

[tech/a]

Re: XAO Analysis

you just reaffirmed my point even moreso!

its the most powerful indicator/tech analysis ever... in HINDSIGHT! (ie cant make money off it)

now post me something forward looking on the right edge

I love dumb glass comments.
You clearly havent bothered to look back over this thread.
Rather than look for specific exact dates or price levels,Elliott provides strong indication in anticipation.

Clearly shown in a number of posts I have placed within this thread.

Learn how to trade with it.
It doesnt have to be that hard.

So how many are loading up long?
How many have cleared their long positions?
How many have gone short or anticipating going short?

How many have no idea what they are doing?

 

[nunthewiser]

Re: XAO Analysis

How many have gone short or anticipating going short?

?

me re antivipating

in fact entered a small position on a certain market darling as of today , looking to add to said position as well as others


i could be wrong but thats what the stoploss buttons for i spose