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XAO Technical Analysis

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Re: XAO Analysis

A break of 5000 is more likely than a break of 4100. IMO

considering the XJO follows the US markets,

just looking at the SP500, HSI, the correction just looks like a norm of the past few months,

XJO is the only one that has broke support @ 4600, and its probably not as significant the SP500 breaking support.
 
Re: XAO Analysis - monthly

Looking at the monthly could be a turn around shortly with a macd crossover, however looking at the weekly in next post not so good............this week to provide more of a picture i think..........or perhaps it has already been decided for the moment, anyway, imho forget all the noise, and focus on your own trading strategy with discipline, and all will be well........thats just my $2 worth......

good luck

cheers:):):)
 

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Re: XAO Analysis - weekly

weekly chart not looking so hot atm.......again, forget the noise, trade the trend, stick to your trading plan, and all good.........

cheers
:):):):)
 

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Re: XAO Analysis

loving incredible charts......no affiliiation to them whatsoever, thanx to karraway for putting me onto it..............superb..:):)
 
Re: XAO Analysis

onwards and upwards. correction over? I believe so. Too many buyers still trying to get in...there was distribution around our 4900 highs but looks like buyers are moving in. We'd have to target 5000 from here.
 
Re: XAO Analysis

Now the question is whether the break of uptrend for our majors earlier was the false break, or this recent spurt being the false brk...
 
Re: XAO Analysis

$20shoes said:
onwards and upwards. correction over? I believe so. Too many buyers still trying to get in...there was distribution around our 4900 highs but looks like buyers are moving in. We'd have to target 5000 from here.
Click to expand...

Gee, Dow Jones up 200+ points (2%) last night. Another day of upward movement in the All Ords coming up? Looks like we could be targeting 5000 now $20shoes...
 
Re: XAO Analysis

Could someone do a bit of TA on the XAO? I could do it, but it wouldn't look pretty (illustration that is - not necessarily the market).
 
Re: XAO Analysis

grace said:
Could someone do a bit of TA on the XAO? I could do it, but it wouldn't look pretty (illustration that is - not necessarily the market).
Click to expand...


Mine isnt very pretty but here is what im looking at currently .........

Apologies for the ametureish attempt but feel i should at least try and return the courtesy you shown me previously :)

just a view of a short scenario i can currently see ..... If it breaks my stoploss point i think between the stop and top of head will be a no mans land area where i would not be entering either way ....... A break of the head would see me in long.

may bounce along sideways for a few sessions from here before any definative move is made
 

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Re: XAO Analysis

grace said:
Could someone do a bit of TA on the XAO? I could do it, but it wouldn't look pretty (illustration that is - not necessarily the market).
Click to expand...
Well Grace I'm not the right man for the job ( a bit like the blind leading the blind ) but my charts prettier than "the nuns" ;)

xao_ax12may09_to_20nov09.png

PS: dear Grace, I was not insinuating that you are blind :D

Note my cheeky little caption on the chart- if it's unreadable it says "crossed PSAR just above median= bullish" I do beleive it's a bullish signal- looking back at previous crossing of the dotted PSAR line the XAO has been bullish jun 1st, jul 14th esp as they were near that purple median line which is again the case.:)

Honestly tho I thing XAO analysis is a bit pointless tho as we are slave to the US mkt. If the US does the opposite XAO TA is out the window :banghead:
 
Re: XAO Analysis

Oh & "my money is where my mouth is" just proving that I'm eternally, often fatally optimistic, all my spare cash (the banks :( ) is tied up in the mkt at present. :2twocents :)
 
Re: XAO Analysis

Take my advice and throw Parabolic S&R in the bin! It fails miserably when something doesnt trend perfectly!
 
Re: XAO Analysis

Out Too Soon said:
Honestly tho I thing XAO analysis is a bit pointless tho as we are slave to the US mkt. If the US does the opposite XAO TA is out the window :banghead:
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If that is true the XAO charts will have that reflected in them anyway. Also there have been plenty of posters in this thread that have shown how XAO analysis can quite reliable in determining turning points in the market.

It is not always the US that leads sometimes they follow us and Asia. While I haven't had a chance to have a good look at todays data there looked to be some weakness in the Aussie markets today and maybe Asia as well but I haven't looked at any data from Asia yet today. So now if the US shows some weakness tonight who lead who?
 
Re: XAO Analysis

Without being specific on timelines and for all sorts of reasons, believe we will witness the gradual demise of the US "empire" after 60-80 years akin to the decline of the British Empire from late 1800's to WWI and aftermath. After a false start from Japan, the sheer volume of population and their educated, low cost work force, will see Asia lead by Chindia with all their political challenges, take the mantle.

So whether it be 2010 or 2012, with our resources and their demand, expect we'll see a gradual realignment to the Asian markets. Not rocket science and just my :2twocents and explains why I get frustrated with folk calling doom and gloom regarding the US troubles ahead and then talk about our next major correction.

Trick is the timing.
 
Re: XAO Analysis

Donga said:
Without being specific on timelines and for all sorts of reasons, believe we will witness the gradual demise of the US "empire" after 60-80 years akin to the decline of the British Empire from late 1800's to WWI and aftermath. After a false start from Japan, the sheer volume of population and their educated, low cost work force, will see Asia lead by Chindia with all their political challenges, take the mantle.
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You're assuming that the US is going to let them. Three to four months ago, loads of people were professing that the US dollar was going to collapse, gold would reign supreme (this point on its own is just a load of ****) and the US would become some country with nothing going for it.
The thing is, the US dollar and the US itself is backed by one of the biggest and arguably the strongest military OF ALL TIME. No one is going to want to push the US off their pedestal because of this. Full Stop. "Chindia" may rise up in the ranks and beat other western nations, but there is no way that they will overthrow the US without some ridiculous firepower behind them.
 
Re: XAO Analysis

Looks like the bears are comming out of hibernation and trying to rally support for another downtrend. imo it is a bit early yet, they would do better to wait until the markets heat up a bit more. As was pointed out in the chatroom last week, if shorters want to target stocks they would do better to start from a high price. Apart from rio, everything else worth chipping away at is 10% - 15% off their October highs.
 
Re: XAO Analysis

CamKawa said:
Looks like XAO is set for a sell off.

Shares set to explode
Click to expand...
Over on the CBA thread, Sinner has posted a chart (22 Nov) showing how CBA has been leading the index, and CBA is at present trending down below the index.
Also I've learnt over the years that you need to be careful about going long so close to Christmas. It would take an attractive discount to convince me to cover any of my shorts from here.
 
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