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XAO Technical Analysis

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Re: XAO Analysis

kennas said:
We is anyone who believes in EW.



I was taking the piss.


I was calling for a decent rally from late April/early March, so I'm not wrong yet.

The 80-100% rally might be wrong.
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I just checked a couple of definitions.

Forum: A medium for open discussion or voicing of ideas, such as a newspaper, a radio or television program, or a website.

Moderator: A person granted special powers to enforce the rules of an Internet forum and keep the board a friendly place, free of personal insults and avoiding conflict of interest and bias.

Now, I would have thought a good moderator would be one who keeps his personal biases to himself and allows a free exchange of ideas and views without constantly belittling those whose views differ from his.

Your sarcasm makes it obvious that you believe that anyone who believes in EW is not welcome to post on your thread.
 
Re: XAO Analysis

Chris45 said:
Your sarcasm makes it obvious that you believe that anyone who believes in EW is not welcome to post on your thread.
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It's not 'my' thread, and EW is welcome to post here or in the EW and the XAO thread. Haven't seen a decent chart from the EW crowd for some time unfortunately. I really enjoy it.
 
Re: XAO Analysis

kennas said:
It's not 'my' thread, and EW is welcome to post here or in the EW and the XAO thread. Haven't seen a decent chart from the EW crowd for some time unfortunately. I really enjoy it.
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XAO thread has always been antipathetic to EW posts, so we just leave it alone.

gg
 
Re: XAO Analysis

nunthewiser said:
would be good to see some to see what wave we riding now .....surfs up ?
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Just for Kenna's and Muppet.
These are AGET generated wave counts and will not be to the liking of Elliott Purists.
Their counts will differ.
For me I just want an indication of direction and magnitude.
So my OWN indications from the charts.
So A correction coming at sometime to give a wave 4.
This wont be a very deep corrective move.
Followed by a wave 5 which also isnt going to be that powerful.
A bit ho hum.
 

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Re: XAO Analysis

Thanks Tech. I know anything is possible, but according to EW, could the March low still be a larger degree W3, and we're still in a W4? If so, what would have to occur for that theory to be completely invalidated? It looks like we've well and truly passed the W4 down labelled by AGET.
 
Re: XAO Analysis


Sure but not until wave 5 of the lower degree is complete.
AGET only analyses 300 bars so we need to go to WEEKLY to show what your querying.
And sure enough its still a wave 4
You normally get equality in waves as well so it seems the wave 4 is nearly there but not quite---which fits with the wave 5 on the daily to be completed.
 

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Re: XAO Analysis

tech/a said:
Sure but not until wave 5 of the lower degree is complete.
AGET only analyses 300 bars so we need to go to WEEKLY to show what your querying.
And sure enough its still a wave 4
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Crikey, so it's going to have to go through about 5200 before its invalidated on the weekly.

I wonder if that will fit in with some fundamental views that the liquidity pumped into the market is just a short to medium term jab in the arm, and that a second dip into recession will occur, which may be a little more painful before more funds are injected to keep us afloat before complete system failure....

eeeek
 
Re: XAO Analysis

tech/a said:
Meaning
I want to be in the crowd of Muppets,with nothing to add but plenty to pontificate.
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Actually I quite enjoy reading your posts, even though I disagree with what is being presented.

I mean here we go again: Kennas Vs Elliott Wave!
 
Re: XAO Analysis

micksof said:
Actually I quite enjoy reading your posts, even though I disagree with what is being presented.

I mean here we go again: Kennas Vs Elliott Wave!
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Yep, here we go again. Ask a legitamite question of EW and you get attacked. Same old, same old.

'Here we go again', and you joined in Aug?

lol
 
Re: XAO Analysis

looks to be still on track with original prediction
interesting the similarity between these 20 year charts and an overheated 1 min chart...mostly seems to find the middle in general ...half way between 3200 and 6800 could be a possibility
whats your thoughts on these charts tech a?
cheers
 

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Re: XAO Analysis

...mostly seems to find the middle in general ...half way between 3200 and 6800 could be a possibility
whats your thoughts on these charts tech a?
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Snakey

There will always be a median.
Price will swing (at times violently) each side of it.
Its the times it swings away and when its returning to the median that we can make a $
When we trade against those swings we are not in sync and thats when we lose.
So identifying and trading in sync = better opportunity to profit.

So its now telling us that we are close to sync and we wait to see if there will be a swing away again.
 
Re: XAO Analysis

tech/a said:
So its now telling us that we are close to sync and we wait to see if there will be a swing away again.
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Of course tech that current median line doen't really tell us much for the next 5 years.

If we go back up to 7000 and beyond and stick there or down to 2500 for 5 years that line will in hindsight not be where it is right now.

Snakey I'm not so sure what has become known as "smart money" are those that accumulated stocks post 95 as your chart suggests. In fact my guess is that smart money accumulated and distributed many times over in your time frame.
 
Re: XAO Analysis

Another view using fib trading levels showing the XAO currently trying to break through the 4500 resistance with overhead medium resistance @ 4800 and major @ 5000, the JICD also currently showing bearish divergence.
 

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Re: XAO Analysis

Of course tech that current median line doen't really tell us much for the next 5 years
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True.
But if we were or do get to a swing situation then we know there needs to be a correction back. Further that is the quicker and more likely that is going to be.We can see this in micro and macro frames.

I'm looking at Drivers.
Whats going to send us flying forward or plummeting downward.

I cant see any clearly at this point so I suspect a fair amount of boring ho hum until something festers up!
 
Re: XAO Analysis

micksof said:
Yeah..August, Certaily no veteran in the forum business lol
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Well, really looking forward to your input mick, even though you're a forum newbie. You must have been watching for a while and are interested in EW. What's your call for the current move?
 
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