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XAO Technical Analysis

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Re: XAO Analysis

nunthewiser said:
yep i have no reasons to exit any longs except normal individual trailing stops/stoplosses.

my thoughts posted only looking at short term basis for next week , finding it hard too look much further currently


thanks for your thoughts
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Some one said once that T/A is like weather forecasting the further you go in the future the less chance you have in making a correct prediction using it. It is most accurate on smaller timeframes. Makes sense i guess!
 
Re: XAO Analysis

Originally Posted by clayton4115
my analysis states we should reach 5000 quite freely.
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Why not 7000 on the same parabolic trend?

I am noticing some hefty 'at market' selling taking out some decent sized bid orders lately, with thin sell orders on the depth, ie sellers are not putting their sell orders into the Q, but selling straight into the bid?? Is that normal? Are the insto's selling to the sheeples in lemming mode?
 
Re: XAO Analysis

The selling seems to be more resource based atm... as the POG fell under 1,000.

Closing rally???
 
Re: XAO Analysis

well ive got considerable amount of $$$ on the market at the moment, looking at the market like a hawke, getting ready to press the SELL button!

looks like we paused today, market seems indecisive which way to go, this week on the Dow Jones is a big week for news events.
 
Re: XAO Analysis

Whiskers said:
The selling seems to be more resource based atm... as the POG fell under 1,000.

Closing rally???
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As an example, I watch JBH closely, and there were bids sitting in the Q of up to 20k, filling several levels down the bid side, and very light Ask side volume in the order of 100's, yet the bids were completely taken out in waves of 'at market' selling, tanking the SP.

And as Clayton say's, there must be a lot of punters with itchy sell trigger fingers just waiting to cut & run at the first sign of a genuine sell off?

I'm sort of thinking the big boys are still pumping (the media) while they are dumping?
 
Re: XAO Analysis

I'm sort of thinking the big boys are still pumping (the media) while they are dumping?

LOL

yeah depending on what the US closes overnight, i will make my decision tomorrow, im getting a little nervous, may close out 80% of the portfolio.
 
Re: XAO Analysis

clayton4115 said:
I'm sort of thinking the big boys are still pumping (the media) while they are dumping?

LOL

yeah depending on what the US closes overnight, i will make my decision tomorrow, im getting a little nervous, may close out 80% of the portfolio.
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Well sold 100% of my portfolio on thursday(Well like k.Rogers you got to know when to fold'em.)
But personally on a stochastic view/RSI & even on EW(Approaching last wave)seems we are near the top.From now on in,I'm only on cfd's on a daily basis,Until i see a minor correction.
Well at the moment the dow is -78points down,Let's see how it plays out!And if so maybe the bears might have started coming out of there caves? I know i have! :p
Anyway i have the view that the market is overbought on the short term view and we are either going to see a correction or a consolidation period for the final leg up to 5000 on the xao.My money is on the correction.Only time will tell :eek:
 
Re: XAO Analysis

I've done a long term cycle analysis of Aord. Hope it helps. We are about to complete a 800 days cycle. Also two long term channels meet here. The 1987 crash too was arround that period!!!! the 2003-2007 rally was 800 x 2 days

"DO YOUR OWN HOME WORK. I JUST GIVE IDEAS"


Cheers
 

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Re: XAO Analysis

Dark1975 said:
Well sold 100% of my portfolio on thursday(Well like k.Rogers you got to know when to fold'em.)
But personally on a stochastic view/RSI & even on EW(Approaching last wave)seems we are near the top.From now on in,I'm only on cfd's on a daily basis,Until i see a minor correction.
Well at the moment the dow is -78points down,Let's see how it plays out!And if so maybe the bears might have started coming out of there caves? I know i have! :p
Anyway i have the view that the market is overbought on the short term view and we are either going to see a correction or a consolidation period for the final leg up to 5000 on the xao.My money is on the correction.Only time will tell :eek:
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My analysis is pretty much in line with your view, I also cashed out on thursday, for the reasons given earlier. Now sitting on the sidelines (with many others I suspect) waiting for the long awaited pull-back.

The only question is how deep will the correction be, and when..:D

Regards
Ray
 
Re: XAO Analysis

RayG said:
My analysis is pretty much in line with your view, I also cashed out on thursday, for the reasons given earlier. Now sitting on the sidelines (with many others I suspect) waiting for the long awaited pull-back.

The only question is how deep will the correction be, and when..:D

Regards
Ray
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The arrogance meter is off the charts!

Just because you sold out, and just because your "analysis" indicates a pullback, the whole market has to correct deeply?

Why so dramatic with the sell button? Why not simply reduce your positions, instead of dumping them all? I'm just curious, as it sounds as though you had too much exposure to begin with, if any dips scare you that much.
 
Re: XAO Analysis

RayG said:
My analysis is pretty much in line with your view, I also cashed out on thursday, for the reasons given earlier. Now sitting on the sidelines (with many others I suspect) waiting for the long awaited pull-back.

The only question is how deep will the correction be, and when..:D

Regards
Ray
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Im with you mate:)
 
Re: XAO Analysis

Nyden said:
The arrogance meter is off the charts!

Just because you sold out, and just because your "analysis" indicates a pullback, the whole market has to correct deeply?

Why so dramatic with the sell button? Why not simply reduce your positions, instead of dumping them all? I'm just curious, as it sounds as though you had too much exposure to begin with, if any dips scare you that much.
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Just got too nervous I guess.. the divergence between TA and fundamentals has to resolve itself sometime in the near future.

It's not arrogant to take profits when appropriate. (At least I hope not :D)

Regards
Ray
 
Re: XAO Analysis

RayG said:
Just got too nervous I guess.. the divergence between TA and fundamentals has to resolve itself sometime in the near future.

It's not arrogant to take profits when appropriate. (At least I hope not :D)

Regards
Ray
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Of course not, in fact - it's prudent to do so, especially when feeling uncomfortable. However, it is arrogant to expect the market to conform to your thoughts, and feelings.
 
Re: XAO Analysis

Nyden said:
Of course not, in fact - it's prudent to do so, especially when feeling uncomfortable. However, it is arrogant to expect the market to conform to your thoughts, and feelings.
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on the flip side again, no-one ever lost money taking profits and it would be just as arrogant to start picking tops..
 
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