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XAO Technical Analysis

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Re: XAO Analysis

There you go, I go out fishing for a couple of hours and look what happens!!!!
Cheers
..Kauri
 
Re: XAO Analysis

That drop after the Futures closed at 12:45 looks like Traders that are holding longs SPIs shorting for a hedge (Like me) as soon as we got the time the SFE was coming back everyone covered and now back to where we started.
 
Re: XAO Analysis

Compare 1987 with this current chart - 1987 was much steeper! (so far).
 

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Re: XAO Analysis

RBA comes to the rescue

Australia added a larger-than-usual amount of $2.5 billion in
cash to the banking system [ID:nSYD31497], while South Korea said
it would take all possible measures to stablise domestic
financial markets [ID:nSEO75339].
Australia's benchmark S&P/ASX 200 index <.AXJO> fell 166.4
points to 5,621.0 by 0424 GMT, after sliding as much as 5.3
percent earlier, the biggest one-day percentage fall since April
17, 2000.
 
Re: XAO Analysis

Magdoran said:
That's one hell of an intraday rally going on... the close will be very interesting...
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Thats what i thought too, any idea on the implications if we close only 50-100 points down, or conversly if the rally fails and we finish 150-200 down. Should we put more weight on intraday action or EOD in this scenario? Possibly the rally has too much momentum and is destined to fail?
 
Re: XAO Analysis

wavepicker said:
Has it?? How do you work out fair value?? Something is only worth as much as what another is willing to pay. In the end the market will do what it likes
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Holding constant all assumptions about future fundamentals - Fair value is a direct function of one's discount rate. Whether yours is higher or lower than the "market's" determines whether current prices are fair value for you or not.
 
Re: XAO Analysis

This is going to be a huge hammer bar. Hopefully that will be as bullish as it's supposed to be!

GP
 
Re: XAO Analysis

ok... now what is going on ??????
are we riding a deadfast roller coaster ?????
down 5% and now rebound 160 points ?????:eek:
 
Re: XAO Analysis

Who pushed the buy button, and why?

ZFX has rallied $1.80 from its low...

Have "They" decided all is good again?
 
Re: XAO Analysis

Yep I agree CBH & MTN is making a come back, it's like they have just flicked a switch.... very interesting how fast the market can turn around...
 
Re: XAO Analysis

ags become green with 8% up :D
bsm also with 16% up
and mee with 22% up
who push the "buy" button????
and why you didn't tell me first????:D
 
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