XAO Technical Analysis
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Re: XAO Analysis
Hi motorway,
Why would you expect it to be similar???
Umm, could you explain this in English for us mere mortals??
I interpret this as "it's going sideways"
brty
PS to be helpfull, keep it simple.
Hi motorway,
Why would you expect it to be similar???
Umm, could you explain this in English for us mere mortals??
I interpret this as "it's going sideways"
brty
PS to be helpfull, keep it simple.
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Re: XAO Analysis
motorway,
perhaps we could discuss time here....
https://www.aussiestockforums.com/forums/showthread.php?t=18299
so that we don't go too far off topic.
Now if we agree, what is there to argue about???
PS, In my trading I'm not trying to predict where the market will go, It will go where it wants to, I only hope to hop on for the ride.
motorway,
perhaps we could discuss time here....
https://www.aussiestockforums.com/forums/showthread.php?t=18299
so that we don't go too far off topic.
Now if we agree, what is there to argue about???
PS, In my trading I'm not trying to predict where the market will go, It will go where it wants to, I only hope to hop on for the ride.
nulla nulla
Positive Expectancy
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Re: XAO Analysis
Thanks for the additional graphs nomore4's. It appears that the DJIA, NASDAQ, FTSE and DAX are continuing to climb where the HANG SEN, NIKKI and the XAO have faltered. Although I note that the NIKKI has rebounded the most off it's recent correction.
Thanks for the additional graphs nomore4's. It appears that the DJIA, NASDAQ, FTSE and DAX are continuing to climb where the HANG SEN, NIKKI and the XAO have faltered. Although I note that the NIKKI has rebounded the most off it's recent correction.
Wysiwyg
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nulla nulla
Positive Expectancy
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Re: XAO Analysis
So if it closes higher tomorrow is it considered an upward breakout?
So if it closes higher tomorrow is it considered an upward breakout?
Re: XAO Analysis
Interesting observation.
What i find interesting is the constant rejections from that line each session.
It did not occur today? could this be the break?
Interesting observation.
What i find interesting is the constant rejections from that line each session.
It did not occur today? could this be the break?
Wysiwyg
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Re: XAO Analysis
Oh I don't think so and from my point of view there is the 4800 mark that has been rejected three times in the last 2 months that would be broken with serious volume.
Whiskers
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Re: XAO Analysis
Hey Wysiwing, are you really not sure we'll break up?
Without all that
For me, I'm bottom picking, no stops... sure as the sun rises, and my 'magic' cycle analysis it's going up.
From a more technical perspective, on the weekly chart, my olive, magenta and particularly blue line says so too.
Hey Wysiwing, are you really not sure we'll break up?
Without all that
For me, I'm bottom picking, no stops... sure as the sun rises, and my 'magic' cycle analysis it's going up.
From a more technical perspective, on the weekly chart, my olive, magenta and particularly blue line says so too.
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Wysiwyg
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Re: XAO Analysis
Hi there Whiskers. Hope you're winning the battles and have a resourceful new year.
Hi there Whiskers. Hope you're winning the battles and have a resourceful new year.
If it happens, it happens.
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Sean K
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Logique
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Re: XAO Analysis
Show the volumes with those charts - seasonally light, and as such easy to move the market, say if you wanted to rule off a good window-dressed quarter/calendar year. But am I being too cynical. Or maybe just bitter because I'm on the sideline and my system won't allow me to re-enter.
All the same, I'm not convinced by a market that's been at basically the same level for 6 weeks. You near-term bulls, name the catalysts to spur buyers into action in January?
Show the volumes with those charts - seasonally light, and as such easy to move the market, say if you wanted to rule off a good window-dressed quarter/calendar year. But am I being too cynical. Or maybe just bitter because I'm on the sideline and my system won't allow me to re-enter.
All the same, I'm not convinced by a market that's been at basically the same level for 6 weeks. You near-term bulls, name the catalysts to spur buyers into action in January?
Sean K
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Re: XAO Analysis
Maybe Elvis will return.
I am extremely bearish on the universe over the next 1-5 years, but something might pop up.
Maybe Elvis will return.
Whiskers
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Re: XAO Analysis
Who me!? :xmaswave
Well if I have to pin it on one single event... I've been tipping a slightly stronger USD and weaker AUD for some time, having the effect of better returns for our large export, especially resource sector.
So far so good. I think it still has a bit to run yet.
Who me!?
:xmaswaveWell if I have to pin it on one single event... I've been tipping a slightly stronger USD and weaker AUD for some time, having the effect of better returns for our large export, especially resource sector.
So far so good. I think it still has a bit to run yet.
Re: XAO Analysis
Sideways for three months, so there went the correction and don't need charts to interpret that. During this time US "came out of recession" and they seem to be chugging away. Our economy is outpacing the western world and Asia is outpacing everyone. Recent Reserve Bank analyses show how our balance of trade is --> Asia, and we know they need our minerals and energy. The resources sector has been drifting past few months as instos stashed up with SSPs and then sold off the ones they didn't want. Based on fundamental supply and demand futures for our miners I am very bullish for next year as demand continues to improve. Not sure about gold and can't predict world events but neither can charts. Best wishes all and good health.
Sideways for three months, so there went the correction and don't need charts to interpret that. During this time US "came out of recession" and they seem to be chugging away. Our economy is outpacing the western world and Asia is outpacing everyone. Recent Reserve Bank analyses show how our balance of trade is --> Asia, and we know they need our minerals and energy. The resources sector has been drifting past few months as instos stashed up with SSPs and then sold off the ones they didn't want. Based on fundamental supply and demand futures for our miners I am very bullish for next year as demand continues to improve. Not sure about gold and can't predict world events but neither can charts. Best wishes all and good health.
nulla nulla
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Re: XAO Analysis
Another positive finish on 24-12-2009 in the USA with the Nasdaq surging toward 2300 and the DJIA breaking through the 10,500 level. There appears to be a resurgance of confidence in the run up to the end of the U.S. fiscal year. Even our XAO seemed determined to hang onto 4800 on weak volumes.
Another positive finish on 24-12-2009 in the USA with the Nasdaq surging toward 2300 and the DJIA breaking through the 10,500 level. There appears to be a resurgance of confidence in the run up to the end of the U.S. fiscal year. Even our XAO seemed determined to hang onto 4800 on weak volumes.
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Re: XAO Analysis
Not sure about Jan, but I think over the next few months we will have some 'good looking' economic numbers. When you are coming off a low base (especially YOY) its not hard to have good numbers. Also, there is still quite a bit of scepticism around
Not sure about Jan, but I think over the next few months we will have some 'good looking' economic numbers. When you are coming off a low base (especially YOY) its not hard to have good numbers. Also, there is still quite a bit of scepticism around
CanOz
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Re: XAO Analysis
I gotta say I'm a little skeptical of the last week or so. Volume in the US was and has been really light. I unloaded everything on Thursday night before the holidays, and I'll stand aside until some nice setups appear again. I think the volume needs to come back to be more clear on the continuation of this corrective uptrend.
Cheers,
CanOz
I gotta say I'm a little skeptical of the last week or so. Volume in the US was and has been really light. I unloaded everything on Thursday night before the holidays, and I'll stand aside until some nice setups appear again. I think the volume needs to come back to be more clear on the continuation of this corrective uptrend.
Cheers,
CanOz