XAO Technical Analysis

tech/a · 2 January 2013

You may be right.

But the solution offered up by the USA to solve their problems is way way short.

As problems compound a solution becomes more remote and more un palatable.

Eventually the dam will break taking everyone with it including us---China/Europe

It's all brewing nicely.
I don't think you'll see this exuberance long lived
Realization is close by I reckon a day or two will do it

But while it's bullish then ride it.

CanOz · 2 January 2013

tech/a said:
You may be right.

But the solution offered up by the USA to solve their problems is way way short.

As problems compound a solution becomes more remote and more un palatable.

Eventually the dam will break taking everyone with it including us---China/Europe

It's all brewing nicely.
I don't think you'll see this exuberance long lived
Realization is close by I reckon a day or two will do it

But while it's bullish then ride it.

Sell the news ya reckon...

We've had no exuberance though.....unless i missed it...

CanOz

tech/a · 2 January 2013

It's subtle
60 pts today
Approaching highs of 18 mths (5000 ish)
Oh and more coming.

Julia · 2 January 2013

tech/a said:
But the solution offered up by the USA to solve their problems is way way short.

As problems compound a solution becomes more remote and more un palatable.

Eventually the dam will break taking everyone with it including us---China/Europe

I'd have thought so too. But we seem to be seeing a global acceptance of sticking more band aids on the problem.
It reminds me of all the assurances when the subprime tentacles were extending out further and further that Australia was and always will be decoupled from what happens in the rest of the world.

Sean K · 3 January 2013

tech/a said:
Spent a bit of time on this looking at the Daily (Micro) and Weekly (Macro) analysis.

It fits well in both time frames.
Its possible the Fiscal issues in the US of A may take sometime to grab.
As such its likely the patterns could play out.
I really think a BULL TRAP is a high probability.

Click to expand

Daily

View attachment 50165

Weekly

View attachment 50166

Tech, interesting that you're combining comments on fundamentals with EW at the moment. I didn't think they were relevant and mutually exclusive?

Your count here looks similar to posts made around early 2009 where a W4 was imminent and we were heading to the last leg of the downtrend to 2500 or something.

Bull Trap a 'high probability'?

Maybe a possibility.

Sean K · 22 January 2013

tech/a said:
It's subtle
60 pts today
Approaching highs of 18 mths (5000 ish)
Oh and more coming.

Approaching 4920 tech.

Pushed this level at least 6 times over the past 4 years, and failed.

Maybe this time. Or not.

If it gets through and tests it as support, may need a review of the 'bottom'.

tech/a · 25 January 2013

Yes Kenna's
Thought Id up date.
Pretty colours

Click To Enlarge

!

Garpal Gumnut · 25 January 2013

tech/a said:
Yes Kenna's
Thought Id up date.
Pretty colours

Click To Enlarge

View attachment 50600!

Thanks tech and agree. Am awaiting the 3 of 1 2 3 with gumnuts.

gg

Edwood · 20 February 2013

good solid run / extension of sorts, and getting overbought. Looking like its going to blow off

pixel · 20 February 2013

Edwood said:
good solid run / extension of sorts, and getting overbought. Looking like its going to blow off

Weekly chart suggests we could see 5200 soon; that would double the range of last FY 11-12.
But just like there has been a drop-off in May and June last year, I wouldn't be too optimistic about a High Close come June this year either. A "Blow-off" could just about do it

Sean K · 20 February 2013

tech/a said:
Yes Kenna's
Thought Id up date.
Pretty colours

Thanks. If the 5000 region is now tested as support, could be an interesting platform.

Until the free and cheap money dries up and the economy has to actually function again...

Struzball · 20 February 2013

kennas said:
Until the free and cheap money dries up and the economy has to actually function again...

Though there's plenty of real money tied up in useless things like bonds, term deposits and gold. So yeah, once that all goes into stocks and dries up we might be near some sort of top.

chops_a_must · 25 February 2013

Take this FWIW but many of the heavyweights are at or near their all time highs, when you look at individual charts.

I'd expect a pull back in financials, which could see a slide in the asx.

But some leaders like CBA have broken out.

Good signs IMO, as a move out if bonds looks like its going on.

But a bit of resistance in these parts, or even more of a breakout.

I also think investors now have much more of an idea about the health of individual companies and stocks which is having a significant positive impact.

metta87 · 26 February 2013

Hello, first post here and maybe a dumb question but where do you get the XAO charts ? I ve been looking online for them but it seems that I just cant find them. Any help will be very appreciated, thanks.

Gringotts Bank · 26 February 2013

metta87 said:
Hello, first post here and maybe a dumb question but where do you get the XAO charts ? I ve been looking online for them but it seems that I just cant find them. Any help will be very appreciated, thanks.

They're absolutely everywhere on the net.

Sometimes the code is different.

Try Yahoo Finance, code ^AORD

burglar · 26 February 2013

metta87 said:
Hello, first post here and maybe a dumb question but where do you get the XAO charts ? I ve been looking online for them but it seems that I just cant find them. Any help will be very appreciated, thanks.

http://finance.yahoo.com/echarts?s=%5EAORD+Interactive#symbol=^aord;range=1d;compare=;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;

chops_a_must · 28 February 2013

Any thoughts?

Looking bullish to me.

tech/a · 28 February 2013

Like pulling up a train with your feet out of the door.

6% in 2 mths is unsustainable.

May is the big crunch when the US reaches it's debt ceiling again.

gordon2007 · 28 February 2013

I agree, but still no denying those of us who sat this out thinking it was false run missed out on a fantastic 4 months.

tech/a said:
Like pulling up a train with your feet out of the door.

6% in 2 mths is unsustainable.

May is the big crunch when the US reaches it's debt ceiling again.

tech/a · 28 February 2013

Have done ok Gordon.
Set short twice so far only to be stopped out at B/E
But that's trading.

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