XAO Technical Analysis
- Thread starter Sean K
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Re: XAO Analysis
What I'm worried about is that the sell off was caused by the computer glitch in SFE btw 12-2pm, the caused traders to sell stocks. so was it a fake bottom? may be this is not the end! Just like in Feb, the sell off on Wall St wasnt caused by China, by a computer glitch, i really dont know wat to think of the market now...
What I'm worried about is that the sell off was caused by the computer glitch in SFE btw 12-2pm, the caused traders to sell stocks. so was it a fake bottom? may be this is not the end! Just like in Feb, the sell off on Wall St wasnt caused by China, by a computer glitch, i really dont know wat to think of the market now...
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Re: XAO Analysis
are u sure?
are we there yet?
pls tell me then i will come out.
still hiding under my pillow though
are u sure?
are we there yet?
pls tell me then i will come out.
still hiding under my pillow though
wayneL
VIVA LA LIBERTAD, CARAJO!
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Re: XAO Analysis
Dow future are down 76 and SP futures down 9. Doesn't mean a hell of a lot at this stage, but don't start counting chickens just yet.
Re: XAO Analysis
consider it up, it was at -200pts when our market opened. bt the u can hardly tell anything from teh futures....
consider it up, it was at -200pts when our market opened. bt the u can hardly tell anything from teh futures....
CanOz
Home runs feel good, but base hits pay bills!
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Re: XAO Analysis
http://www.smh.com.au/articles/2007/08/16/1186857663339.html?sssdmh=dm16.274171
Someone is optimistic ... and, I do hope he is right too...
http://www.smh.com.au/articles/2007/08/16/1186857663339.html?sssdmh=dm16.274171
Someone is optimistic ... and, I do hope he is right too...
GreatPig
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CanOz
Home runs feel good, but base hits pay bills!
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Re: XAO Analysis
As Wayne says...MUPPET!
http://www.smh.com.au/articles/2007/08/16/1186857663339.html?sssdmh=dm16.274171
Someone is optimistic ... and, I do hope he is right too...
As Wayne says...MUPPET!
Re: XAO Analysis
My view on charting is that it is a system that is based on conformity... A lot of chartists are simply relying on everyone to conform an the same priciples... It doesn't have any real merit in many situations because if the DOW went down tonight the XAO will fall again tomorrow and this time hugely...
My view on charting is that it is a system that is based on conformity... A lot of chartists are simply relying on everyone to conform an the same priciples... It doesn't have any real merit in many situations because if the DOW went down tonight the XAO will fall again tomorrow and this time hugely...
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Re: XAO Analysis
I`m not so sure about that, there was some real strength in the afternoon to finish nearly 4% of its lows.
Never seen such a double act!
I`m not so sure about that, there was some real strength in the afternoon to finish nearly 4% of its lows
.Never seen such a double act!
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Re: XAO Analysis
It was real scary watching it.
Maybe the Future Fund was acting as our very own Plunge Protection Team???
It was real scary watching it.
Maybe the Future Fund was acting as our very own Plunge Protection Team???
Garpal Gumnut
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Re: XAO Analysis
I must disagree.
Support and resistance lines can be seen to provide guidance to market action. See my yesterday post where I suggested 5500 and 5000 as next support levels. Its not tea leaves as opposed to fundamental analysis whereby the market plummets with the lowest p/e for some time and reasonable earnngs predicted on capital investment going forward. Anyone who doesn't follow the charts at least for guidance to a fundamental approach is "brave". If the market provides support at this level then forward analysis can be done after further market action. If it falls then 5000 is next support. If it goes through 5000 then we are into unknown territory.
Garpal
I must disagree.
Support and resistance lines can be seen to provide guidance to market action. See my yesterday post where I suggested 5500 and 5000 as next support levels. Its not tea leaves as opposed to fundamental analysis whereby the market plummets with the lowest p/e for some time and reasonable earnngs predicted on capital investment going forward. Anyone who doesn't follow the charts at least for guidance to a fundamental approach is "brave". If the market provides support at this level then forward analysis can be done after further market action. If it falls then 5000 is next support. If it goes through 5000 then we are into unknown territory.
Garpal
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Re: XAO Analysis
Here's an interesting question, what was really behind the ralley this arvo.
I thought of something interesting this arvo whilst I was out in the paddock wishing that we wern't looking down the barrel of another dought.
Does anyone think that it was future fund money that was injected into the market that has been on the sidlines after TII?
Food for thought
Cheers
BT
Here's an interesting question, what was really behind the ralley this arvo.
I thought of something interesting this arvo whilst I was out in the paddock wishing that we wern't looking down the barrel of another dought.
Does anyone think that it was future fund money that was injected into the market that has been on the sidlines after TII?
Food for thought
Cheers
BT
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Re: XAO Analysis
I personally think that once the fat lady stops singing the XAO will be back down to 3,500...
I personally think that once the fat lady stops singing the XAO will be back down to 3,500...
chops_a_must
Printing My Own Money
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Re: XAO Analysis
That money is in a hedge fund in the US, and no-one can be sure as to its safety...
I doubt that's what it was today.
That money is in a hedge fund in the US, and no-one can be sure as to its safety...
I doubt that's what it was today.
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Re: XAO Analysis
That was smart of treasurer Costello, He should have ordered his minions to put it all into NWE, hey chops!
That was smart of treasurer Costello, He should have ordered his minions to put it all into NWE, hey chops!
chops_a_must
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Re: XAO Analysis
Maybe some fund manager got an emergency late night call. Lol!
Although it could explain the "hardware" being "installed".
Maybe some fund manager got an emergency late night call. Lol!