tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Re: XAO Analysis
Good call Kenna's hope you took an O/N position.--short.
Good call Kenna's hope you took an O/N position.--short.
Hi Realist. I've sold 3/4 of my portfolio over the past 3 months. Is that enough? I didn't put a short position in yesterday, but a 'correction' doesn't usually happen in one day.Realist said:It is a good call Kennas. If not a bit late.
But I'm betting you did not short anything, or even sell anything?
You're not a 'shorting' type of guy are you?
Hi Kennas,kennas said:Hi Realist. I've sold 3/4 of my portfolio over the past 3 months. Is that enough? I didn't put a short position in yesterday, but a '
correction' doesn't usually happen in one day.
I don't think anything will be spared. Gold will be smashed even though it's not a commodity. Uranium stocks will as well, even though demand/supply hasn't changed and the price is more likely to hit $100 as opposed go back under $80. Just the way of the market. Probably an opportunity to take some positions once the dust settles. I wouldn't be trying to catch this falling knife though.chris1983 said:Well you would be cashed up now Kennas preparing to take advantage of this. If I had of been selling down I would of been taking just as big of hits from the taxman which is why I have stemmed me away from doing that. Also im in for the longer term. Guys but seriously..in regards to energy stocks...Uranium has not taken a backward step during any correction of late. Energy is needed. This won't last. The government in China is cracking down on speculation..and some figures show hints of an economic slow down. This is just all speculation and an over reaction. A healthy correction will probably come into play and then we can look at higher highs in the next run up. Whats your opinions? I'm expecting to take some hits like the last correction I'm but not expecting it to last long. Actually if I see any good stocks get absolutely belted I'll be calling my girlfriend and tell her to transfer funds quick.
kennas said:I don't think anything will be spared. Gold will be smashed even though it's not a commodity. Uranium stocks will as well, even though demand/supply hasn't changed and the price is more likely to hit $100 as opposed go back under $80. Just the way of the market. Probably an opportunity to take some positions once the dust settles. I wouldn't be trying to catch this falling knife though.
LOL. I bought back into BMN yesterday, so I hope you are right.chris1983 said:I agree. I dont think anything will be spared. Maybe Bannerman. haha .
You'll have a lot of investors running scared. You think the drop would be as bad as a falling knife...hmm I dont think it will be..but eh what do I know. I'll be holding. I sold some stocks in the last correction and it was the worst move I have made in the past year.
You're right, it's not. Gotta find me one of those. But probably not as quick as above? Perhaps.Realist said:Your graph should be logarithmic shouldn't it Kennas?
2000 to 4000 is the same as 4000 to 8000 to me.
If it aint logarithmic the trend will just go up and up quicker and quicker over time.
11 Years 2000-4000. 2 years 4000-6000?Realist said:Your graph should be logarithmic shouldn't it Kennas?
2000 to 4000 is the same as 4000 to 8000 to me.
If it aint logarithmic the trend will just go up and up quicker and quicker over time.
yes and no. When looking at a chart of the Dow going back to the 1920's it will look parabolic, but for looking at recent history, linear scale is what you want to look at. The blow off tops are alot easier to spot in linearRealist said:Your graph should be logarithmic shouldn't it Kennas?
2000 to 4000 is the same as 4000 to 8000 to me.
If it aint logarithmic the trend will just go up and up quicker and quicker over time.
I'm not that bearish, and Realist is right, the graph doesn't provide a truly accurate picture, but it's close. I think 5400 ish could be as deap as this goes, if it actually is the start of a decent correction. I'm not in the Bears den yet claiming recession/depression. Even though the Chinese numbers were ordinary, it could be a short term thing. I haven't studied it enough yet, or even understand economics enough to make a qualified claim however. I'm just parroting the news papers. Long term markets go up.chris1983 said:Yeah that looks possible..but economic growth is different in recent years with the added boom of China and India coming into the mix of late. I just cant see it happening..the markets are different now. This is a little scare and I think sellers will be sorry in the end..guys like youself with funds will be the ones laughing when you pick everything up cheap.
Energy is needed by those two countries and needed badly. Gas is needed in the US. This wont last. Both china and India are expanding. Anyway its going to be an interesting day. I can watch some of my paper gains dissapear. Oh yay. I think the 5400 benchmark on the graph will be the more likely of the possibilities.
kennas said:11 Years 2000-4000. 2 years 4000-6000?
There is a little bit of support around 5800 so it seems a likely place for a pause.GreatPig said:Interesting place for the low to touch today.
Interesting, as in nice colours? Nice eh? I just love drawing these things. I should have done art at uni.doctorj said:Interesting, but isn't wave 3 usually the longest and never the shortest?
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