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XAO Technical Analysis

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Re: XAO Analysis

Real1ty said:
Ex

What is proper analysis?

Is it an article on a blog written by someone whos opinion is the same as yours or is it figures released by Economists, Government bodies or supposedly independent bodies?

Many of the conspiracy theorists on here debunk most of the reports by a lot of the bodies or recognised Economists yet choose to link to Blogs to articles written by, in many cases (but not all), someone who has no standing in the Business or Economic community.

However many on here will remark at what a brilliant article it was.

Imo it was a brilliant article to them because it backs up their thoughts on the direction of the market, not because its statistics are any more correct or verifiable than those released by other sources.

So what is proper analysis?
Click to expand...

Amen to this.
Confirmation bias is rife, as is marrying a view (subsequent posters have mentioned these).
Reading a lot of the articles/blogs/comments from the bears over the past months the thing that has most stood out to me has been the way most of them are absolutely incensed that the market direction has proven them wrong.
The rage coming through the writing is almost palpable.
Happily, one day the market will fall, even if only a bit, and they can all say "I told you so", recover some face and equanimity and carry on.
 
Re: XAO Analysis

Timmy said:
Amen to this.
Confirmation bias is rife, as is marrying a view (subsequent posters have mentioned these).
Reading a lot of the articles/blogs/comments from the bears over the past months the thing that has most stood out to me has been the way most of them are absolutely incensed that the market direction has proven them wrong.
The rage coming through the writing is almost palpable.
Happily, one day the market will fall, even if only a bit, and they can all say "I told you so", recover some face and equanimity and carry on.
Click to expand...

Its funny how the bulls only listen to upstanding economic experts & the bears only listen to bloggers? What a rant.

I'm afraid if you can't digest the facts properly & only listen to people trying to increase your confidence in the face of an impending disaster, then prepare for the soup kitchen - no doubt eventually, I will be donating money to feed you.:D

Cheers
 
Re: XAO Analysis

Buckeroo said:
And we all know the market is based around the cycle of emotion - I prefer to stick with the facts thanks.

Cheers
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and hows that working out for you ?

yep sitting on the sidelines waiting for something to happen whilst a 50% bounce occurs on some stocks sure sounds like a great way to make some cash
 
Re: XAO Analysis

nunthewiser said:
and hows that working out for you ?

yep sitting on the sidelines waiting for something to happen whilst a 50% bounce occurs on some stocks sure sounds like a great way to make some cash
Click to expand...

Who says I'm not in stocks? I don't see how that has anything to do with your views on where the market is headed in the future.

Cheers
 
Re: XAO Analysis

nunthewiser said:
and hows that working out for you ?

yep sitting on the sidelines waiting for something to happen whilst a 50% bounce occurs on some stocks sure sounds like a great way to make some cash
Click to expand...

+1

p.s. mods we should get a "recommend post" feature added.
 
Re: XAO Analysis

Buckeroo said:
And we all know the market is based around the cycle of emotion - I prefer to stick with the facts thanks.

Cheers
Click to expand...

The fact is that the market is based around the cycle of emotion...

So trade the emotion = trade the fact... same same.
 
Re: XAO Analysis

Ahhh when will that market darling ever get back to that 18 or 24?:confused:

Hard not to have made some money in recent months, ha ha ha. Will admit did attack with way too little conviction. So guess I’m a still standin in Hitler’s office........ Think I liked the older version of that clip more so! Avoided the drop.:) Didn’t recognize the rebound.:( Bugger, and Nun thought I’d know when the time was right to jump back in! Ummm .......

Wonder if this rebound is the one I wrote of back in Feb? ..... Can't be..... We ain't even in a recession are we?
 
Re: XAO Analysis

MR. said:
Ahhh when will that market darling ever get back to that 18 or 24?:confused:

Hard not to have made some money in recent months, ha ha ha. Will admit did attack with way too little conviction. So guess I’m a still standin in Hitler’s office........ Think I liked the older version of that clip more so! Avoided the drop.:) Didn’t recognize the rebound.:( Bugger, and Nun thought I’d know when the time was right to jump back in! Ummm .......

Wonder if this rebound is the one I wrote of back in Feb? ..... Can't be..... We ain't even in a recession are we?
Click to expand...


crashnburn market darlings to 18 :D

when we chatted you stated you was an investor NOT a trader .. big difference .

fwiw i still think we will see new lows before we see this bear over and done with

dont mean im gunna sit around and wait in the meantime tho

and yeah what recession ? ..... still sitting on a tip of an iceburg i personally think .... but hey i dont have a degree , nor have letters after my name , nor do i appear on "sunrise " in the morning :D so what would i know hey ............
 
Re: XAO Analysis

Timmy said:
Amen to this.
Confirmation bias is rife, as is marrying a view (subsequent posters have mentioned these).
Reading a lot of the articles/blogs/comments from the bears over the past months the thing that has most stood out to me has been the way most of them are absolutely incensed that the market direction has proven them wrong.
The rage coming through the writing is almost palpable.
Happily, one day the market will fall, even if only a bit, and they can all say "I told you so", recover some face and equanimity and carry on.
Click to expand...

Adding to Timmy's comments a lot of arguments sort of go like the following....

"Traders do the same thing. They have an opinion and then they search for clues/evidence/support to back/justify their views. If they think the market is going up, they’ll key on the 4 indicators that tell them the market is going to rally and conveniently ignore the 3 that offer warnings. You’ve heard me say 1000 times, trade what happens, not what you want to happen or think should happen."

http://leavittbrothers.com/blog/?p=1732
 
Re: XAO Analysis

I do like the chart of the xao attached on the home page of asf.

This morning it looks like my old uncle Cecil heading for breakfast in his nursing home in Bendigo.

Slow slow keep on going , its breakfast.

Lets hope he doesn't fall over, and gets to sit down for his muesli, poor bugger.

gg
 
Re: XAO Analysis

What a diff an hour makes. Looks like Cecil has given up, dropped the plate, not a chunder though. Being led back to room !!

gg
 
Re: XAO Analysis

nunthewiser said:
nor do i appear on "sunrise " in the morning :D so what would i know hey ............
Click to expand...

Actually sunrise is a fairly good contrarian indicator, what's the latest from Koshy ??, good times to come, the start of a massive bull market ??

Anticipating a massive correction, got nothing to back me up though.:)
 
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