by the way if one scrolls back and looks at my targets given one may see i also provided a chart , reasons , and numbers ..............you got any ?
Could you post a link to, or the number of, that post? I can only find #7551 which gives some targets and a chart but no reasons or analysis unless you call "PERSONAL OPINION ONLY" a reason.also would like to point out that the high i gave was only minor points out of the actual high and my target fall was only 2 points off the target given it was however a week out
Yes! Can we please have some analysis, not just the mystical plucking of numbers out of the air (unless that's what passes for analysis here).As an impartial mod that does not post on this thread lets keep it on the topic of XAO Analysis.
That is, analysis that can be used to trade the XAO specifically.
1st target 4596
2nd target 4497
PERSONAL OPINION ONLY
probably wrong , often am
take from it what you wish
MY percieved pivot points as in MY percieved support bounce areas
them targets quoted are all give or take 10 points
i
Yes! Can we please have some analysis, not just the mystical plucking of numbers out of the air (unless that's what passes for analysis here).
.
Put my mod hat on.
Have to take off the tinfoil hat first ... there.
OK - let's move on NOW.
The sea of red makes me feel like having a red, even though it's only 2 in the afternoon. Can't see any afternoon rally given the long weekend and the non-farm payroll numbers tonight. I think I will put on a stop sell entry hedge on the index for my positions.
How cute! a little cat with a tin hat on.
Says the dog in a bear suit
Kennas, are your lines based on the bodies of the candlesticks or the highs and lows? The first (4650) and the third (4278) looks like the lows but how did you get the second at 4520?Will be interesting so see how the minor support line goes. If defeated (probable) then I'm looking for support between those big blue lines.
I've sent a PM to nunthewiser in an attempt to smooth this. Hoping for a reply. Sorry if it came across as a hostile post. Happy trading everyone.i gave my reasons for my "mystical numbers" it was analysis of what i could see from my chart. i apologise for not knowing how to add lines or circles to my chart at time , but i posted my thoughts in words instead. probably would help if ppl scrolled back before attacking or penalizing my posts
Ftse down nearly 1% and Dow SPI down 39 points, bearish momentum increasing!
I have been doing some research into other periods were the Aussie stock market has suffered major crashes and due to the XAO's limited history the best one to compare this current one too is the 1987 crash.
Updated charts - playing the game so far.
Update on my theory, lol.
This rally looks to be on it's last legs now but I'm expecting another test of the high of this rally or maybe even a probe slightly higher. A lower high and lower low is obviously the next sign to look for.
Some divergence showing up too (2nd chart).
Now breaking it down to a daily chart.
This is the pattern I currently think could play out.
A test of support at 4500ish a quick rally to test 4700ish and fill the gap and then down she goes before finally making a lower high.
The lower high will be the key indicator of the start of the next decent move down imo. But like I said in my post above there is the possibility that support at 4200-4300 becomes the base that we consolidate at and we don't retest 3700 but I do favour a retest of 3700 but it is pure speculation at this stage.
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