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XAO Technical Analysis

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Re: XAO Analysis

Dont be suprised if we havent already seen the high of this Bullish move before we see a continuation of the 5 wave down trend.

Seeing a lot of different stocks doing the exact same as the index.
 
Re: XAO Analysis

tech/a said:
Dont be suprised if we havent already seen the high of this Bullish move before we see a continuation of the 5 wave down trend.

Seeing a lot of different stocks doing the exact same as the index.
Click to expand...

Yep, that is a very nervous market at the moment.
 
Re: XAO Analysis

tech/a said:
Dont be suprised if we havent already seen the high of this Bullish move before we see a continuation of the 5 wave down trend.

Seeing a lot of different stocks doing the exact same as the index.
Click to expand...

Short is good.
 
Re: XAO Analysis

tech/a said:
Dont be suprised if we havent already seen the high of this Bullish move before we see a continuation of the 5 wave down trend.

Seeing a lot of different stocks doing the exact same as the index.
Click to expand...

I'm confused, are you talking 5 waves down from the 07 highs? I see 5 waves up from the March lows, now an a-b-c correction taking place
 
Re: XAO Analysis

I'm confused, are you talking 5 waves down from the 07 highs? I see 5 waves up from the March lows, now an a-b-c correction taking place
Click to expand...


See post #8010
 
Re: XAO Analysis

Temjin said:
A sea of red after a massive rally from DOW last night, that's a rare sight. When will you go "Short is excellent"?
Click to expand...


When I close it out at near 4100
 
Re: XAO Analysis

lucifuge said:
In the words of Pauline, Further drops beyond this point would be based on fear alone.
Click to expand...

Falling markets are priced on risk.

i.e. the risk of holding higher that being in cash
 
Re: XAO Analysis

Certainly a degree of volatility still. I note that the AUD is falling again (and I expect to go lower) after a rebound yesterday and with precious metals up, and base metals prices still at good levels, should buff any future negative and overseas leads for us over the next few days as the the UK parliament, our budget and concerns with the Greece bailout is digested by the markets.
 
Re: XAO Analysis

Muschu said:
Organise a bit of a rally for me first would you please Tech? I still have some stocks to give to others......
Click to expand...

Hope your happy!

Todays price action smells very much like a test of yesterdays high.
 
Re: XAO Analysis

My gut says there is going to be a lot of wall papering done, elections and all, and of course the Euro union falling into line with Wall Street mentoring. A bit of a crash soon to get all on board and then the ASX to 9000 if it can break the 5,200 resistance area for the allmighty crash for the new guvenmints hands in 2011.

Just my near as dammit bushman idea where the rain when if falls is still measured in inches. Its just an idea (coupld be very wrong)that cannot be explained.
 
Re: XAO Analysis

All quiet on the XAO thread, tide going out, index going down, batten down but make some money on the blowout.
 
Re: XAO Analysis

As planned.
Now wave 5 as suggested above.
Dont you love it when the voodoo actually works!
Short is now Excellent.
 
Re: XAO Analysis

tech/a said:
As planned.
Now wave 5 as suggested above.
Dont you love it when the voodoo actually works!
Short is now Excellent.
Click to expand...

Playing by the rules so far.
This was the view of the ASX 200 in MTP chart prediction on the 14th, the min target for W.5 at 4396 has arrived today.
The typical is predicted at 4285 !

(click to expand)
 

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Re: XAO Analysis

From memory looking at the XAO chart last night, if we close around these levels we should have some bullish divergence in place.
 
Re: XAO Analysis

sammy84 said:
From memory looking at the XAO chart last night, if we close around these levels we should have some bullish divergence in place.
Click to expand...

Some volume around suggesting some buying.
Not huge, but some.
Euro still leading.
 
Re: XAO Analysis

Broadway said:
Some volume around suggesting some buying.
Not huge, but some.
Euro still leading.
Click to expand...

As the index is falling and finishing well below the 50% level of the daily range Id say that there is little buying---more so dumping.
This last 30 mins will tell a little.
Anything below 4430 is clearly lack of support.
 
Re: XAO Analysis

Broadway said:
Some volume around suggesting some buying.
Not huge, but some.
Euro still leading.
Click to expand...
BHP and RIO had higher volume while the banks and other heavy weights were around average and lower.
 
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