XAO Technical Analysis
- Thread starter Sean K
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Anyone else seeing triangles
Looking for a break up or down soon.
Looking for a break up or down soon.
What time period is that chart over Mr Jeff? I couldn't make out the x-axis...
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Volatile consolidation pattern by the XJO at the moment. I still want to see a concerted push back above 4,900 before I am convinced this rally has legs. At least it seems the 4,650 level has provided a reasonable level of support. Any thoughts?
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Good buying opportunity for a lot of stocks today, imo. Small pullback for the ords before a decent move upwards to 4877.
Knobby22
Mmmmmm 2nd breakfast
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I don't think we will rally from here for a while, but we do seem to be stabilising. Maybe we will run in a channel for a few months.
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May I ask on what technical analysis this statement is derived from?
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Earl Grey leaves in the bottom of my morning cup of tea.
In fact, Fibonacci extension. I can't post it today - the uploader thing. not working.
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Geez.
So long as it closes at or above 4718, I reckon that's ok.
So long as it closes at or above 4718, I reckon that's ok.
skc
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Geez.
Alternate triple digit moves over 3 days... I'd simply have a volatility bias rather than long or short.
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Geez.
I am looking for a recovery to 4760 then a sell down to 4680
All going well we could then be looking at taking out the low at 4600.
Yesterday was surprisingly bullish which took the gloss off all bear things, but if it doesn't break that 4880 level then it looks like remaining down in the next week or so.
4 hourly XAO - sorry for prev. ommission of time-frame.
If there is a break above 4880 then it will be game on for the longs and decent run into Christmas.
All based on my lack of incredible training and experience.
Can't read coffee grounds.
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I predicted this on the 26th on this thread!
skc
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Great call.
tech/a
No Ordinary Duck
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The XJO is as anticipated (Tie's in with post #9231/9235) consolidating a wave 4 correction.
While this appears to be at contradiction with the Weekly chart you can
See that it could well all tie in.
While this appears to be at contradiction with the Weekly chart you can
See that it could well all tie in.
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You guys have lost me.
Tech's flag pattern suggest we may kick lower, yet the Elliot wave is suggest we are going up?
Tech's flag pattern suggest we may kick lower, yet the Elliot wave is suggest we are going up?
tech/a
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Nothing is set in stone with any analysis.
But the daily is indicating a shorter term weakness ending a 5 wave down move
But also see my comments on a possible ABC correction.
This would then tie in with a continuation of the up trend on the weekly.
I'm seeing some patterns now emerging indicating a return to bullishness.
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4841 will be passed tomorrow. I reckon a top of 4874 tomorrow, followed by a fall.
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How weak is it??
Selling everything today, even my property stocks.
Selling everything today, even my property stocks.
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How weak is it??
Selling everything today, even my property stocks.
Does appear that way but you would expect after the US action that we will see a move up - it may not hold into the close today but I still think that your previous target is viable.
We will see.
Very hard to hold firm and take a short at the top of this range as the general market has been quite robust lately with little weakness even on recent news, oil price hike etc. Perhaps earnings in the US will provide a new impetus for whichever direction is chosen. All this news of easing and tapering and not easing and not tapering makes me dizzy. Sidelined and watching!
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From what I can tell from Boggo and T/A's charts, there are indications that the bottoming move may not be quite over (but possibly is over) and upon that down move finishing we should see the next wave take us up through the recent market top to 5200 at a minimum.
5200 - 4820 = 380 points in estimated end of CY13.
That is my interpretation of their interpretation so take it with a half grain of salt please - but still open to your interpretation...
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