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XAO Technical Analysis

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Re: XAO Analysis

dhukka said:
On the contrary wayne - great stuff. Actually the AUD/JPY is only back to where it was in September last year - hoping for a little more strength in the yen yet.
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Oh it's great to trade, but a worry otherwise.

I don't mean this to sound patronizing, but my concerns extend beyond my back pocket.
 
Re: XAO Analysis

I do miss the bulls... That's the only time I made money... Now I gotta settle for ING's savings maximizer account... I was sitting on a 1400% return and now I gotta settle for 6%... sorry i meant 6.15%
 
Re: XAO Analysis

Ahead of the opening bell, the Commerce Department reported home builders in July started construction on the fewest number of new homes in more than a decade, with housing starts falling 6.1% to a seasonally adjusted annual rate of 1.381 million.

In other early data, the Labor Department said first-time applications for state jobless benefits climbed for last week for a third week in a row to their highest level since June 16.
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http://www.nasdaq.com//aspxcontent/newsstory.aspx?textpath=20070816\ACQDJON200708160915DOWJONESDJONLINE000524.htm&cdtime=08%2f16%2f2007%20+9%3a15AM
 
Re: XAO Analysis

Just about everytime the futures have been sharply lower we have had a bounce lately.

wait and see I spose.
 
Re: XAO Analysis

wayneL said:
Oh it's great to trade, but a worry otherwise.

I don't mean this to sound patronizing, but my concerns extend beyond my back pocket.
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I understand what you mean, my thoughts have been dominated by my back pocket recently.
 
Re: XAO Analysis

dhukka said:
I understand what you mean, my thoughts have been dominated by my back pocket recently.
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Well I must admit, my back pocket gets priority too. :D

Worrying about all else comes second. ;)
 
Re: XAO Analysis

I can not help but think there are some long term bargains looming for those with cash. I traded banks yesterday, but I'm almost tempted to buy and hold today. Looks like capitulation across the board to me. Hmmmmm :cautious:
 
Re: XAO Analysis

kennas said:
I can not help but think there are some long term bargains looming for those with cash. I traded banks yesterday, but I'm almost tempted to buy and hold today. Looks like capitulation across the board to me. Hmmmmm :cautious:
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Doesn't look like capitulation to me. Just steady controlled (but heavy) selling.

I reckon a capitulation low would be a 600 point (or more) day on The Muppet Index (Dow)
 
Re: XAO Analysis

wayneL said:
Doesn't look like capitulation to me. Just steady controlled (but heavy) selling.

I reckon a capitulation low would be a 600 point (or more) day on The Muppet Index (Dow)
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The Muppet Index...I like it :)


 
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