XJO Bullish

• 18 August 2008

• #1

druss

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Hi all,

I'm a newbie here. Thought I'd share my analysis of XJO for my first post.

I am currently Very Bullish on this. Note the Retest of the neckline on the weekly candlestick chart. This candle is a Bullish Hammer Candle, followed by a Doji.

In my book this is an extremely bullish signal. Only time will tell however.

Target around 5350 - 5400.

Take care.

 

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• 18 August 2008

• #2

Logique

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Solid analysis druss.
Fits with my views also.

 

• 18 August 2008

• #3

druss

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Boom Boom Boom.

If can push through 5100 this week. 5350-5400 all the way....

 

• 18 August 2008

• #4

skyQuake

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Chuck volume on that chart mate.

 

• 18 August 2008

• #5

druss

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Here you go mate. Volume and On Balance Volume.

 

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• 18 August 2008

• #6

tech/a

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Put this up a few hrs ago in the wrong thread.

tech/a said:

Well I disagree.
Infact my analysis is the exact opposite.

Much has been written in the Parent XAO thread.
I agree with most at 4300-4100 as a possible end of this pattern.

Click to expand...

New toossied up chart below.
Click on chart to expand.

 

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• 18 August 2008

• #7

CanOz

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And i posted this here yesterday, so we have a confluence of analysis?

https://www.aussiestockforums.com/forums/attachment.php?attachmentid=23206&d=1218940426

Cheers,


CanOz

 

• 19 August 2008

• #8

skyQuake

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Think druss is just talking about a swing trade, nothing positional. If 46xx fails Ive got 3xxx as longer term wildcard. Happy trading.

 

• 28 August 2008

• #9

D

Dutchy3

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I picked up a few CFD's on the close today LONG ...

If this can hold the current levels I believe accumulating LONG on the run to October ish might be fruitful

 

• 28 August 2008

• #10

Wysiwyg

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Dutchy3 said:

I picked up a few CFD's on the close today LONG ...

If this can hold the current levels I believe accumulating LONG on the run to October ish might be fruitful

Click to expand...

Hello D3, I`m interested in where you would place a stop loss after the entry with 100+ point daily trading ranges?

 

• 29 August 2008

• #11

D

Dutchy3

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Hi W

4800 is a hard stop although I'd start exiting some on the contracts on closing weakness below 4950 ....

My position is a fraction of a full position (25%) as this thing is still well below its 150 DEMA and only a few of my bull signals are triggering.

 

• 29 August 2008

• #12

D

Dutchy3

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Still below the 150 DEMA and the ADX yet to swing in support. Took another position towards the close today LONG ...

Not expecting a return to the good old days .... (1992 to 2007) yet there should be a few points in this now

 

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• 30 August 2008

• #13

tech/a

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My analysis still remains as above.

 

• 30 August 2008

• #14

M

michael_selway

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tech/a said:

My analysis still remains as above.

Click to expand...

well DRUUS was right from the first post he wrote in this thread till now

thx

MS

 

• 30 August 2008

• #15

tech/a

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michael_selway said:

well DRUUS was right from the first post he wrote in this thread till now

thx

MS

Click to expand...

Timeframe Michael nothing more than different timeframes.

P&F plots a very clear chart on where we are I've put one over here.
https://www.aussiestockforums.com/forums/showthread.php?t=4888

 

• 30 August 2008

• #16

druss

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Quick Materials Sector Chart.

Resistance ahead in this Sector. Note BHP chart has almost closed the gap down. Volume was relatively high on Friday. Potentially indicating a Pull Back this week.

 

• 31 August 2008

• #17

tech/a

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Agree on BHP

 

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• 31 August 2008

• #18

Sean K

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tech/a said:

Agree on BHP

Click to expand...

But if it breaks up, it's a buy to me.

Tech, is that AGet?

 

• 31 August 2008

• #19

tech/a

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kennas said:

But if it breaks up, it's a buy to me.

Tech, is that AGet?

Click to expand...

Yes it is.---AGet

If it breaks up it will be a short term buy.
However longterm until the analysis of the wave 4 pattern is negated it still remains due for a good sized corrective move to culminate in 5 waves down or "A" then looking for a sustained "B" in the longer pattern.
Of course there are alternate counts.

 

• 31 August 2008

• #20

prawn_86

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tech/a said:

If it breaks up it will be a short term buy.
However longterm until the analysis of the wave 4 pattern is negated it still remains due for a good sized corrective move to culminate in 5 waves down or "A" then looking for a sustained "B" in the longer pattern.
Of course there are alternate counts.

Click to expand...

So your take is about the same as mine:

'It could go up... or down'