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XAO Technical Analysis

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Re: XAO Analysis

Once wave 1 completes expect a wave 2 then 3 possibly a 5 wave wave B
in a 3 or 5 wave correction.
All this tellls us at the moment is that this is likely to be a longer corrective move than anything previous.
Lots of possiblilities could develope but until things are played out we cannot be definative.
However the corrective move is as expected (Well by me).
 
Re: XAO Analysis

A good chance of it falling from this general area for mine....
Cheers
...Kauri
 

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Re: XAO Analysis

I was wondering if it was toast earlier today (6175) Kauri, and then i heard about Europe...down she goes i reckon. This WAS the bounce!

I'm short the ASX 200 now...like to think i could hold it O/N this time...

Cheers,
 
Re: XAO Analysis

CanOz said:
I was wondering if it was toast earlier today (6175) Kauri, and then i heard about Europe...down she goes i reckon. This WAS the bounce!

I'm short the ASX 200 now...like to think i could hold it O/N this time...

Cheers,
Click to expand...



Nice work, you should do well, Ill barrack for you tomorrow (>:
 
Re: XAO Analysis

Yep the European markets are copping a slapping... Do you know what time it is? It's not Peanut Butter Jelly Time ! :bananasmi It's time for more falls
 
Re: XAO Analysis

CanOz said:
I was wondering if it was toast earlier today (6175) Kauri, and then i heard about Europe...down she goes i reckon. This WAS the bounce!

I'm short the ASX 200 now...like to think i could hold it O/N this time...

Cheers,
Click to expand...

Good one Cannie.... everything I use points initially to about the 5600 mark ... :eek:
Cheers
...Kauri
 

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Re: XAO Analysis

Retailers weighed in with monthly sales results and some reports were likely to only further sour Wall Street's mood.

Pacific Sunwear of California Inc. said its same-store sales, or sales at stores open at least a year, fell 4.6 percent in July, rather than rising 3.2 percent as Wall Street had predicted. Same-store sales are regarded as a key measure of a retailer's health.

American Eagle Outfitters Inc. reported its same-store sales fell 6 percent rather than rising 2.9 percent as had been predicted by analysts polled by Thomson Financial.

And Limited Brands Inc., owner of the Victoria's Secret and Bath & Body Works chains, said its July same-store sales fell 3 percent. Wall Street had expected a 0.5 percent decline.
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http://http://www.mercurynews.com/markets/ci_6581316?nclick_check=1


Ahh its finally all working through to retailers ......

One step closer to game on!

:rolleyes:
 
Re: XAO Analysis

LOL! From CNBC a few moments ago:

"The investors are like deer in the headlights," said David Dietz, chief investment strategist at Point View Financial Services. "Those initial hopes going back a couple of months that the subprime crisis could be contained in terms of asset class and geographically are completely off the table. As a result, investors are left scratching their heads."
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Gotta love CASH....thining about moving some into the Chinese market.:rolleyes:
 
Re: XAO Analysis

oh I really hate this now.
bounce 3 days and then got wipe again back to the fall.
what the heck is happening?
FED comments is comforting, RBA seems encouraging, EUROPE got hammered, and we back falling apart.
Does any Reserved Bank out there can help to solve this subprime mortgage problems?
:mad:
 
Re: XAO Analysis

Volatility


Risk had been severely underpriced, as it reprices, expect more of the same.
We had a pretty wild open just now as the financials dropped the shoe they'd just picked up.

jog on
d998
 
Re: XAO Analysis

powerkoala said:
oh I really hate this now.
bounce 3 days and then got wipe again back to the fall.
what the heck is happening?
FED comments is comforting, RBA seems encouraging, EUROPE got hammered, and we back falling apart.
Does any Reserved Bank out there can help to solve this subprime mortgage problems?
:mad:
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Rather than solve the problem the Federal Reserve Bank in large part created the problem. The damage has been done.
 
Re: XAO Analysis

dhukka said:
Rather than solve the problem the Federal Reserve Bank in large part created the problem. The damage has been done.
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they created the problem, and they also didnt address the market of the issue. so now we have investors facing uncertainty, any bad news big or small will trigger a sell off! there r no economic news coming out of US this few weeks, so rough times r still ahead! :banghead:
 
Re: XAO Analysis

powerkoala said:
oh I really hate this now.
bounce 3 days and then got wipe again back to the fall.
what the heck is happening?
FED comments is comforting, RBA seems encouraging, EUROPE got hammered, and we back falling apart.
Does any Reserved Bank out there can help to solve this subprime mortgage problems?
:mad:
Click to expand...

this is now worse then may06 in regards to buyer traps, the way it has been rising then sold off in massive chunks.

Power, I hear you, the only advice I can tell you is to sit out of the markets if your a short to medium term trader and really wait for confirmation before buying back in.

trading 10-4 markets at the moment is a real death trap on the long side. I was looking for another red day to confirm a higher low but at presesnt there is way to much emotion in the markets, with the vertical rallies and vertical sell downs.

It's a time to sit on the lines and wait.

Good trading.
 
Re: XAO Analysis

Trade_It said:
this is now worse then may06 in regards to buyer traps, the way it has been rising then sold off in massive chunks.

Power, I hear you, the only advice I can tell you is to sit out of the markets if your a short to medium term trader and really wait for confirmation before buying back in.

trading 10-4 markets at the moment is a real death trap on the long side. I was looking for another red day to confirm a higher low but at presesnt there is way to much emotion in the markets, with the vertical rallies and vertical sell downs.

It's a time to sit on the lines and wait.

Good trading.
Click to expand...

yeah, i did sit back for days and seeing market rebound still not entering.
the second rebound made me think, is it already the time to jump in?
and now i got trapped again. thought the FED comment and RBA were strong enough to put the market back on bull track. i guess i was completely wrong.
looking at chart and volume didn't help at all against bad news. still many things to learn. 3 years trading still not enough. jeez.:banghead:
 
Re: XAO Analysis

powerkoala said:
yeah, i did sit back for days and seeing market rebound still not entering.
the second rebound made me think, is it already the time to jump in?
and now i got trapped again. thought the FED comment and RBA were strong enough to put the market back on bull track. i guess i was completely wrong.
looking at chart and volume didn't help at all against bad news. still many things to learn. 3 years trading still not enough. jeez.:banghead:
Click to expand...

Don't beat yourself up about it Power as I am sure there are many in your position this morning. for the next time look for a test of the new rally to confirm that there is strong demand to soak up the new weakness if that forms a higher low that can be good confirmation. but its not a gimie by any means.

when markets are in the situation like they are now its very difficult to determine if its a new trend or not. there is so much emotion in the markets now, makes them act in very wild state as people are buying up big for what they think are bargins, while others dump in fear. Hence the vertical angles of the rises and falls. ( that is my own opinion, not sure if it's 100% accurate).

Three years or 15 years does not make a difference, mistakes can be made by any one, I hope it did not hit you to hard. Good trading Power
 
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