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Hangen in there,
Trying to stay above 5121
BHP is bashing it but banks are doing their thing.
Trying to stay above 5121
BHP is bashing it but banks are doing their thing.
XAO Technical Analysis
- Thread starter Sean K
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He's being stuffing his sack with a lot of liquidity into Chinese banks
Announced a few big spending Chinese infrastructure projects whilst lowering interest rates over there.
And he's been sloshing the most awesome stimulus all over the joint - Oil.
I"m still giving the fat man the benefit of the doubt, but he's cutting it fine.
Announced a few big spending Chinese infrastructure projects whilst lowering interest rates over there.
And he's been sloshing the most awesome stimulus all over the joint - Oil.
I"m still giving the fat man the benefit of the doubt, but he's cutting it fine.
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I only have one thing to say about today and yesterdays action
Last edited by a moderator:
nulla nulla
Positive Expectancy
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Todays action couldn't be described as anything else than a Christmas Rally. Merry Christmas to all those that closed out their trades in todays rally at profit. And there is still two and a half days to go. Can it go further?
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Happy New Year Joe and all the crew!
To give the full picture for anyone interested please look back to this post. https://www.aussiestockforums.com/f...=4888&page=467&p=836245&viewfull=1#post836245
Let's do an update.
Looking at the chart, if there is a retrace it may well hold at 5000. After nearly five months the All Ords is still banging its head on the overhead trendline. It looks as though it is getting a bit tired and may do a retrace. (Licks lips with buying opportunities.)
.....and now the chart.
To give the full picture for anyone interested please look back to this post. https://www.aussiestockforums.com/f...=4888&page=467&p=836245&viewfull=1#post836245
Let's do an update.
Looking at the chart, if there is a retrace it may well hold at 5000. After nearly five months the All Ords is still banging its head on the overhead trendline. It looks as though it is getting a bit tired and may do a retrace. (Licks lips with buying opportunities.)
.....and now the chart.
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Just updating my last chart for the All Ords. Please note this chart is set in Log scale, daily and with a view of 15 years price history.
It appears to be making another attempt to get above the long term trending resistance line. The indicators I watch are suggesting the All Ords is overbought which is not encouraging. Let's see if it can get over the line.
It appears to be making another attempt to get above the long term trending resistance line. The indicators I watch are suggesting the All Ords is overbought which is not encouraging. Let's see if it can get over the line.
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tech/a
No Ordinary Duck
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It is amazing how many lines
Can be drawn on a chart and
Be interpreted as meaningful
Can be drawn on a chart and
Be interpreted as meaningful
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I presume you mean the three straight lines?
The only line that is meaningful for me is the zig-zagging one.
tech/a
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Sean K
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Same with any T/A tech. You just think yours is better. Don't you? Your T/A is better! I have got no idea what has happened to your grammar though. Get a grip.
Logique
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I tipped XAO at 5900 at year end, so how do you think I feel!
In support of Ann, a steep rise like this latest one generally needs a technical retrace, and momentum indicators look way overbought.
On the other hand, you could draw a sloping line across the top, and say it's just returning to an uptrend.
In support of Ann, a steep rise like this latest one generally needs a technical retrace, and momentum indicators look way overbought.
On the other hand, you could draw a sloping line across the top, and say it's just returning to an uptrend.
tech/a
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Yes, I am not sure why every sentence is stopped half way through, restarted on a new line with the first word capatilised. Is it meant to be poetry? It's quite unusual.
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It certainly is amazing tech/a! Although I prefer to keep to a maximum of three lines as a rule.
I guess it is like a group of painters drawing a portrait, no two painters will draw the same absolute view, but each portrait may be equally representative of the truth of the subject.
Yes could be just as true Logique!
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I think
You're being a
Bit too harsh I think
Content is more
Important than grammer
Is.
Julia
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It's more a matter of style than grammar.
Starting a new line with a capital letter, where once it would have been mandatory to write all one longer sentence, gives emphasis to the content of the new line.
I'd much rather read a post set out like Tech's than a long, dense paragraph.
Your own use of "got" above is unusual. Most people would simply say "I have no idea....."
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I reckon tech/a is typing on a small screen mobile device which is going to the next line and auto capping.