- Joined
- 26 February 2007
- Posts
- 358
- Reactions
- 0
XAO Technical Analysis
- Thread starter Sean K
- Start date
Trembling Hand
Can be found on the bid
- Joined
- 10 June 2007
- Posts
- 8,852
- Reactions
- 204
Re: XAO Analysis
A little squiggly line I like to follow to see whats happening under the 6 Stock All Ords.
Best that can be said about this rise during December is that at least its not over brought!
The closer story is more like a very select few are masking weakness in many.
A little squiggly line I like to follow to see whats happening under the 6 Stock All Ords.
Best that can be said about this rise during December is that at least its not over brought!
The closer story is more like a very select few are masking weakness in many.
Attachments
Re: XAO Analysis
My above 50% indicator is also showing the same thing TH, can't post it up atm though as the computer with that data is in the shop getting some minor repairs
A little squiggly line I like to follow to see whats happening under the 6 Stock All Ords.
Best that can be said about this rise during December is that at least its not over brought!
The closer story is more like a very select few are masking weakness in many.
My above 50% indicator is also showing the same thing TH, can't post it up atm though as the computer with that data is in the shop getting some minor repairs
nulla nulla
Positive Expectancy
- Joined
- 24 September 2008
- Posts
- 3,588
- Reactions
- 133
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
- Joined
- 30 June 2007
- Posts
- 7,200
- Reactions
- 1,225
Re: XAO Analysis
+15 today, followed by afternoon sell off?
Next week - start bearish phase.
Just my 2c.
Upside feels extremely limited. Downside starting to open up, but still limited.
+15 today, followed by afternoon sell off?
Next week - start bearish phase.
Just my 2c.
Upside feels extremely limited. Downside starting to open up, but still limited.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Re: XAO Analysis
Not a divergence until the oscillator makes a lower top AND a lower low.
Divergences are at best a 50/50 proposition---in my opinion.
Not a divergence until the oscillator makes a lower top AND a lower low.
Divergences are at best a 50/50 proposition---in my opinion.
Re: XAO Analysis
Chart with info as discussed.
My above 50% indicator is also showing the same thing TH, can't post it up atm though as the computer with that data is in the shop getting some minor repairs
Chart with info as discussed.
Attachments
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: XAO Analysis
That support zone indicates to me that we have seen the bottom and moving sideways at worst. I'm surprised that the markets have found a way out in the short term really. I expected another failure after it became obvious that the money printing with no real substantial change in mind set was established. Maybe the next crash will be so severe to cause the change.
- Joined
- 30 June 2007
- Posts
- 7,200
- Reactions
- 1,225
Re: XAO Analysis
No 'January Effect' this year I'm afraid. The big spec run happened in Nov/Dec. That, plus everyone was gearing up for it with huge expectation.
Got some biomeds running - ADO, PRR. Normally heralds the end of the run, yes?
Sell off in specs, big caps to trundle sideways. SDL looks toppy to me.
My 2c.
No 'January Effect' this year I'm afraid. The big spec run happened in Nov/Dec. That, plus everyone was gearing up for it with huge expectation.
Got some biomeds running - ADO, PRR. Normally heralds the end of the run, yes?
Sell off in specs, big caps to trundle sideways. SDL looks toppy to me.
My 2c.
Re: XAO Analysis
Tend to agree Kennas, think we will see some sideways trading for awhile but there are obviously a number of scenarios that are possible.
Tend to agree Kennas, think we will see some sideways trading for awhile but there are obviously a number of scenarios that are possible.
skc
Goldmember
- Joined
- 12 August 2008
- Posts
- 8,277
- Reactions
- 329
Re: XAO Analysis
What January effect are you referring to?
Change in XJO in January over last 10 years...on average it is down 1.46%. Certainly not good in the last 3 years.
What January effect are you referring to?
Change in XJO in January over last 10 years...on average it is down 1.46%. Certainly not good in the last 3 years.
- Joined
- 30 June 2007
- Posts
- 7,200
- Reactions
- 1,225
Re: XAO Analysis
small ords. XSO.
-1.2% now, gathering a bit of pace.
small ords. XSO.
-1.2% now, gathering a bit of pace.
- Joined
- 6 January 2009
- Posts
- 2,300
- Reactions
- 1,130
Re: XAO Analysis
Hi,
Dont necessary like it when I see bearish divergence appear on both daily and weekly charts on the xao as indicated by vertical line.
But is still trading within the channel on the weekly chart, so until then I will stay 80% long.
Cheers
Hi,
Dont necessary like it when I see bearish divergence appear on both daily and weekly charts on the xao as indicated by vertical line.
But is still trading within the channel on the weekly chart, so until then I will stay 80% long.
Cheers
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Re: XAO Analysis
I still think its floating in Na na land.
Will change my mind if the regression channel is broken to the downside!!
Weekly Elliott.
Click to expand
I still think its floating in Na na land.
Will change my mind if the regression channel is broken to the downside!!
Weekly Elliott.
Click to expand
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: XAO Analysis
That's a GET count by the looks, but you think that's most probable?
You're calling a W5 down from somewhere around here Tech?
That's a GET count by the looks, but you think that's most probable?
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Re: XAO Analysis
Kenna's
Yes there is likely to be a wave 5 down at some point.
The count will alter if the high at the wave 4 pivot is taken out,
The Regression channel is very tight and been well respected so a break below would have me running for my shorts.
The depth of the retracement back towards wave 4 indicates to me that the correction is complex and wont be as clear cut as a clearly trending market. (In my opinion of course).
Kenna's
Yes there is likely to be a wave 5 down at some point.
The count will alter if the high at the wave 4 pivot is taken out,
The Regression channel is very tight and been well respected so a break below would have me running for my shorts.
The depth of the retracement back towards wave 4 indicates to me that the correction is complex and wont be as clear cut as a clearly trending market. (In my opinion of course).
Sean K
Moderator
- Joined
- 21 April 2006
- Posts
- 22,018
- Reactions
- 11,006
Re: XAO Analysis
Maybe I'm mixing up the count there.
Personally, I've been expecting another big crash just on the general socioeconomic factors at play. Psychologically everyone has been hoping that the stimulus will get us all out of the mire. But, I don't think it will without some massive sacrifices by peoples around the world - the top 1% actually. And, they won't.
So most probable is that the May 'bottom' wasn't a bottom at all?
Maybe I'm mixing up the count there.
Personally, I've been expecting another big crash just on the general socioeconomic factors at play. Psychologically everyone has been hoping that the stimulus will get us all out of the mire. But, I don't think it will without some massive sacrifices by peoples around the world - the top 1% actually. And, they won't.
tech/a
No Ordinary Duck
- Joined
- 14 October 2004
- Posts
- 20,400
- Reactions
- 6,317
Re: XAO Analysis
Kennas
Personally I think the count is wrong.
I think its a more complex corrective pattern and a clear cut direction will be a while coming I think.
I Dont think we are going to see a chart which looks nice and conforming---to any opinion Bullish or Bearish.
While we will "think" its clear--it probably wont be.
Kennas
Personally I think the count is wrong.
I think its a more complex corrective pattern and a clear cut direction will be a while coming I think.
I Dont think we are going to see a chart which looks nice and conforming---to any opinion Bullish or Bearish.
While we will "think" its clear--it probably wont be.