Trembling Hand
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XAO Technical Analysis
- Thread starter Sean K
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Re: XAO Analysis
This is part of an article at The Times.
"In its letter, BHP Billiton sought to pursue discussions with Rio Tinto regarding its proposal. Rio Tinto rejected the proposal."
The company added: "BHP Billiton has again written to Rio Tinto and intends to continue to seek an opportunity to meet and discuss its proposal with Rio Tinto.
"There can be no assurance that any transaction or offer will result from BHP Billiton's proposal."
So we again have the market reacting to(for want of a better word)rumour.
This is part of an article at The Times.
"In its letter, BHP Billiton sought to pursue discussions with Rio Tinto regarding its proposal. Rio Tinto rejected the proposal."
The company added: "BHP Billiton has again written to Rio Tinto and intends to continue to seek an opportunity to meet and discuss its proposal with Rio Tinto.
"There can be no assurance that any transaction or offer will result from BHP Billiton's proposal."
So we again have the market reacting to(for want of a better word)rumour.
Trembling Hand
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Re: XAO Analysis
While Rio rallies 25% in London and the mining sector is up 10% this could have a big flow on effect. Ever since the August melt down takeover’s have gone very quiet as supposedly credit has dried up. I believe the offer was a script one but still the news of a big aggressive take over will warm many a traders heart. If they think they can get credit of 160 billion then parts of the world economy are still very much looking at a continual bull market.
Just what Santa’s little helpers need to kick off a nice Silly season rally.
While Rio rallies 25% in London and the mining sector is up 10% this could have a big flow on effect. Ever since the August melt down takeover’s have gone very quiet as supposedly credit has dried up. I believe the offer was a script one but still the news of a big aggressive take over will warm many a traders heart. If they think they can get credit of 160 billion then parts of the world economy are still very much looking at a continual bull market.
Just what Santa’s little helpers need to kick off a nice Silly season rally.
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Re: XAO Analysis
Ever since August, I find that the market has been very sensitive to any news, and the general trend is massive over-reaction. I'm getting the impression that whenever there's a piece of bad news or 2, everyone thinks the world is going to be over, but if there's some other good rumours, all the money flows back in to give the market a kick along. Times such as now are certainly pretty weird.
Ever since August, I find that the market has been very sensitive to any news, and the general trend is massive over-reaction. I'm getting the impression that whenever there's a piece of bad news or 2, everyone thinks the world is going to be over, but if there's some other good rumours, all the money flows back in to give the market a kick along. Times such as now are certainly pretty weird.
Re: XAO Analysis
How true.This remark regarding the BHP-Rio Tinto possible merger is spot on-
"There can be no assurance that any transaction or offer will result from BHP Billiton's proposal."
How true.This remark regarding the BHP-Rio Tinto possible merger is spot on-
"There can be no assurance that any transaction or offer will result from BHP Billiton's proposal."
Trembling Hand
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Re: XAO Analysis
Yep agree. That just goes to show how reacting to news articles and yesterday's moves is a recipe to get cut to bits. You need to be trading in anticipation of the next move and fading this mess.
Yep agree. That just goes to show how reacting to news articles and yesterday's moves is a recipe to get cut to bits. You need to be trading in anticipation of the next move and fading this mess.
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Re: XAO Analysis
Not "up to the minute" as it clearly states "All Prices are DELAYED by a minimum of 15 minutes."
Try this: http://www.sfe.com.au/content/prices/rtp15sfAP.html
Not "up to the minute" as it clearly states "All Prices are DELAYED by a minimum of 15 minutes."
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Re: XAO Analysis
Wow +131 at 11:10PM, was interesting watching it go from -5 a little earlier in the night then just rocket up after the RIO announcement. Had a high of +160 earlier on but has pulled back since BHP has fallen in London trading.
Wow +131 at 11:10PM, was interesting watching it go from -5 a little earlier in the night then just rocket up after the RIO announcement. Had a high of +160 earlier on but has pulled back since BHP has fallen in London trading.
Re: XAO Analysis
Pulled back to 27 overnight but now back to 79 an hour before market opens after a late surge in the Dow from -192 to -33.Seems to be a pattern evolving in America with selloffs and late rallies,followed by a triple digit fall.Anybody with any theories?
Probable reason for rally(and here today) was Bernanke's report to Congress.I include a quote from MarketWatch about his report.
"The good news: The Fed might cut interest rates again. The stock market loves lower rates.
The bad news: The economy may do even worse than the tepid growth now expected. The stock market hates slow growth."
The market for some reason only focuses on the good news.
Pulled back to 27 overnight but now back to 79 an hour before market opens after a late surge in the Dow from -192 to -33.Seems to be a pattern evolving in America with selloffs and late rallies,followed by a triple digit fall.Anybody with any theories?
Probable reason for rally(and here today) was Bernanke's report to Congress.I include a quote from MarketWatch about his report.
"The good news: The Fed might cut interest rates again. The stock market loves lower rates.
The bad news: The economy may do even worse than the tepid growth now expected. The stock market hates slow growth."
The market for some reason only focuses on the good news.
Kauri
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Re: XAO Analysis
Market has dropped from opening high.Rio Tinto shares back to $131 after hitting $138 on nearly 5.5 million volume.BHP has a large 26 million volume trade and down about 1%.
Bit of disparity between markets on these shares.
In London, Rio went up 22% and BHP declined 6%.
In America,Rio went up 3% and BHP declined 4.4%.
On the ASX,Rio gained 25% to fall back to 15% whilst BHP has lost 1%.
Market has dropped from opening high.Rio Tinto shares back to $131 after hitting $138 on nearly 5.5 million volume.BHP has a large 26 million volume trade and down about 1%.
Bit of disparity between markets on these shares.
In London, Rio went up 22% and BHP declined 6%.
In America,Rio went up 3% and BHP declined 4.4%.
On the ASX,Rio gained 25% to fall back to 15% whilst BHP has lost 1%.
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Re: XAO Analysis
In regards to your theory, I just think that once the Dow hits a certain low (in the latest cases, it seems to be -100), there's always enough people out there waiting for stocks to get hammered enough for them to be comfortable enough to buy at a relatively lower price. I know I don't wait for the highs to buy in
It makes making money easier when the markets swing like this, so you won't find that many day-traders complaining.
Plus like you said, putting things into context, and people most likely expecting a Christmas rally (which is only about 5-6 weeks away), it's a good time to buy into any dips.
In regards to your theory, I just think that once the Dow hits a certain low (in the latest cases, it seems to be -100), there's always enough people out there waiting for stocks to get hammered enough for them to be comfortable enough to buy at a relatively lower price. I know I don't wait for the highs to buy in
It makes making money easier when the markets swing like this, so you won't find that many day-traders complaining.Plus like you said, putting things into context, and people most likely expecting a Christmas rally (which is only about 5-6 weeks away), it's a good time to buy into any dips.
Re: XAO Analysis
Perhaps the pattern will continue tonight with the market indicators starting to spiral south.
Perhaps the pattern will continue tonight with the market indicators starting to spiral south.
Re: XAO Analysis
The start of another week.The Spi 200 down 78 points at the moment,all markets in America down on Friday and the euphoria of the proposed BHP-Rio merger.Will the latter be enough to ensure a positive day for our market as it was on Friday?
Problems are not going away in the biggest consumer market of all and a writer at MarketWatch had this to say-
" U.S. stocks are poised for more weakness next week, after a slide in the Nasdaq wiped out hopes that technology shares could pull the market out of the subprime pain felt by financial institutions on Wall Street."
The Americans must not feel the euphoria about possible BHP-Rio merger as us as Rio shares lost 1.3% on Friday.
The start of another week.The Spi 200 down 78 points at the moment,all markets in America down on Friday and the euphoria of the proposed BHP-Rio merger.Will the latter be enough to ensure a positive day for our market as it was on Friday?
Problems are not going away in the biggest consumer market of all and a writer at MarketWatch had this to say-
" U.S. stocks are poised for more weakness next week, after a slide in the Nasdaq wiped out hopes that technology shares could pull the market out of the subprime pain felt by financial institutions on Wall Street."
The Americans must not feel the euphoria about possible BHP-Rio merger as us as Rio shares lost 1.3% on Friday.
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Re: XAO Analysis
Just a couple of observations...
I don't think the BHP-Rio thing will hold the market up. Rio opened on Friday (in Aus) at pretty much the highest point, and then fell gradually... lost about $7 by 4:15pm(iirc).
Also, tech stocks definitely won't be able to keep the market up. If they can do it this time, it probably won't happen in a few months time, unless those companies have large markets in the emerging economies such as China, India, etc. I personally think that, if there are money trouble in the general population, technology would most likely be one of the first thing I would cut spendings on.
Just a couple of observations...
I don't think the BHP-Rio thing will hold the market up. Rio opened on Friday (in Aus) at pretty much the highest point, and then fell gradually... lost about $7 by 4:15pm(iirc).
Also, tech stocks definitely won't be able to keep the market up. If they can do it this time, it probably won't happen in a few months time, unless those companies have large markets in the emerging economies such as China, India, etc. I personally think that, if there are money trouble in the general population, technology would most likely be one of the first thing I would cut spendings on.
Trembling Hand
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Re: XAO Analysis
EUPHORIA!!!!
What Euphoria The price of RIO is only a bit over 1% above the bid.
BHP is lower than when the news Hit. FMG and some others have had a good jump but they are still in a one month range bound pattern. Friday advancers to decliners was about equal.
Euphoria...
.... come on!
Oh and some Dude who for all you know has never placed a trade in his life is saying next week is a down week so that’s it! We should be selling this week. Because Nick Godt has said so. Who the hell is Nick Godt. CBS thinks so highly of him you can’t even find his Bio on their site. Come on! Cut and paste like this have just about turned this tread into the "not worth reading list”. If you think his dribble is worth it I hope you will be shorting hard on the open and hanging on till he says we will be having a big week.
EUPHORIA!!!!
What Euphoria The price of RIO is only a bit over 1% above the bid.
BHP is lower than when the news Hit. FMG and some others have had a good jump but they are still in a one month range bound pattern. Friday advancers to decliners was about equal.
Euphoria...
.... come on!Oh and some Dude who for all you know has never placed a trade in his life is saying next week is a down week so that’s it! We should be selling this week. Because Nick Godt has said so. Who the hell is Nick Godt. CBS thinks so highly of him you can’t even find his Bio on their site. Come on! Cut and paste like this have just about turned this tread into the "not worth reading list”. If you think his dribble is worth it I hope you will be shorting hard on the open and hanging on till he says we will be having a big week.
Re: XAO Analysis
What do you expect from guys that get paid by opening their mouths, not by trading profitably
EUPHORIA!!!!
What Euphoria The price of RIO is only a bit over 1% above the bid.
BHP is lower than when the news Hit. FMG and some others have had a good jump but they are still in a one month range bound pattern. Friday advancers to decliners was about equal.
Euphoria...
Oh and some Dude who for all you know has never placed a trade in his life is saying next week is a down week so that’s it! We should be selling this week. Because Nick Godt has said so. Who the hell is Nick Godt. CBS thinks so highly of him you can’t even find his Bio on their site. Come on! Cut and paste like this have just about turned this tread into the "not worth reading list”. If you think his dribble is worth it I hope you will be shorting hard on the open and hanging on till he says we will be having a big week.
What do you expect from guys that get paid by opening their mouths, not by trading profitably