• Australian (ASX) Stock Market Forum

XAO Banter Thread

Discussion in 'ASX Stock Chat' started by clayton4115, Oct 2, 2009.

  1. clayton4115

    clayton4115 Well-Known Member

    Posts:
    198
    Likes Received:
    0
    Joined:
    Jun 22, 2006
    ok, so here we can talk and freely express our opinions of the markets.

    Ok my feeling is that it looks like we got a major correction on our hands, the FTSE is down 1% and the Dow is likely to open lower, most likely close lower as well.

    We should see a correction down to 4550 initially maybe lower, but i think we could see a correction of 10 - 15%.

    Bears may be back in town!
     
  2. nunthewiser

    nunthewiser Well-Known Member

    Posts:
    4,668
    Likes Received:
    0
    Joined:
    Feb 27, 2008
    your a champ

    good thread , lets hope we can use it for good instead of evil

    will add to it when sober
     
  3. ajjack

    ajjack Well-Known Member

    Posts:
    66
    Likes Received:
    0
    Joined:
    Nov 10, 2008
    You could be right, but just because its October dont mean
    a correction is automatic.

    How do you figure the AO at 4550?
     
  4. Riddick

    Riddick Well-Known Member

    Posts:
    125
    Likes Received:
    0
    Joined:
    Jul 22, 2009
    any one else watching history channel at the moment. they are showing the Bernie Madoff bio. the guy was a complete A-Hole!

    I wonder what the penalty would be in the Australian legal system for a guy that all out stole 65 billion.

    kind of makes you not want to trust anyone with your $$$
     
  5. Julia

    Julia In Memoriam

    Posts:
    16,986
    Likes Received:
    0
    Joined:
    May 10, 2005
    I'd never trust anyone with my money anyway, regardless of Madoff's antics.
     
  6. cutz

    cutz Well-Known Member

    Posts:
    1,650
    Likes Received:
    0
    Joined:
    Aug 10, 2008
    At long last, a bit of good old fashion :eek: volatility returning to the markets, lets hope it's lasts unlike the other false start, anyway how does 4200 sound.
     
  7. satanoperca

    satanoperca Well-Known Member

    Posts:
    936
    Likes Received:
    0
    Joined:
    Jan 6, 2009
    Don't think we will see a retracement just yet, those green shoots have not had enough weed killer yet, but the debt is growing daily.

    If there is and I do not have a crystal ball I see support around 4350 - 38% retracement and where there was a small amount of consolidation.

    I sure if we all chant together for a retracement it might come true.

    Either way I can only trade what is in front of me at the time.

    Nun, the truth always come to the surface after alcohol. Give us your wisdom.
     
  8. cutz

    cutz Well-Known Member

    Posts:
    1,650
    Likes Received:
    0
    Joined:
    Aug 10, 2008
    Don't wait till you're sober, i take it the banter thread is a free for all. :D
     
  9. nunthewiser

    nunthewiser Well-Known Member

    Posts:
    4,668
    Likes Received:
    0
    Joined:
    Feb 27, 2008

    lol .yeah and no i reckon

    i think chris has made this thread to actually talk shop but without the constraint of the normal rules in another thread

    all things affect the xao/xjo .theres a lot of components , so its good to have a spot to discuss them components without getting pinged for it ( no offense to the moderators). rules are rules after all :D

    it would be nice to get reasons for calls or charts or any other thoughts to do with the perceived directions ppl post .

    just nice to have a thread where they may be a lot more leeway may be allowed when a discussion takes off on its own direction as they so often do on this forum
     
  10. beerwm

    beerwm Well-Known Member

    Posts:
    461
    Likes Received:
    0
    Joined:
    Nov 2, 2008
    I'd think we'd need some bad news to really push 10%-15% correction,

    given a 10-15% correction would be a bigger move than a 10-15% correction a couple of months ago.

    seems mostly like a breather/taking profits, given that the news wasnt all that bad last night considering the 3% fall.
     
  11. Riddick

    Riddick Well-Known Member

    Posts:
    125
    Likes Received:
    0
    Joined:
    Jul 22, 2009
    i'm referring to my parents... shady, real shady.

    and of course i never trust anybody with anything, especially my money. maybe thats whay I live alone on a farm in the middle of nowhere....
     
  12. Joe Blow

    Joe Blow Administrator

    Posts:
    4,936
    Likes Received:
    53
    Joined:
    May 28, 2004
    If this thread is just going to be people making unsupported assertions and chatting at random about things unrelated to the thread topic then you might as well take it to the live chat room because that's where this sort of chatter belongs.
     
  13. Julia

    Julia In Memoriam

    Posts:
    16,986
    Likes Received:
    0
    Joined:
    May 10, 2005
    Joe, the thread title is XAO Banter thread.
    Doesn't it serve the purpose of allowing a little light hearted comment stuck away on its own which can be easily avoided by those wanting only the serious commentary on the XAO in other threads?

    If Solly can have a frivolous general chat thread, I can't quite see why this one doesn't fulfil a similar purpose.

    I don't mean to be argumentative or difficult, but am just a bit puzzled on this.
     
  14. Dark1975

    Dark1975 Well-Known Member

    Posts:
    104
    Likes Received:
    0
    Joined:
    Aug 8, 2009
    Has anyone thought to make a DOW/XAO Thread as they serve hand in hand. The dow is a good indicator on where the xao is heading,People will argue we don't follow the dow,and we have decoupled from it,But ive traded for the past 6 years now and used the dow as a good guide on where we are heading.Hmm as the dow currently a 132 points down in the futures.Points to a change in momentum and the xao will follow,question is will 4525 hold up on the xao when trading resumes.
     
  15. Joe Blow

    Joe Blow Administrator

    Posts:
    4,936
    Likes Received:
    53
    Joined:
    May 28, 2004
    Julia,

    I guess what I was saying is that I think the chat room is more suited to random "banter". That's its purpose after all.

    That said I will let it run and hope for the best.
     
  16. satanoperca

    satanoperca Well-Known Member

    Posts:
    936
    Likes Received:
    0
    Joined:
    Jan 6, 2009
  17. nunthewiser

    nunthewiser Well-Known Member

    Posts:
    4,668
    Likes Received:
    0
    Joined:
    Feb 27, 2008
    thinks monday will be an intresting sort of day as it is being a public holiday in various parts of oz ...... will it be a little less volume out there? one would thinkso
     
  18. Dark1975

    Dark1975 Well-Known Member

    Posts:
    104
    Likes Received:
    0
    Joined:
    Aug 8, 2009
    haha it will affect me here in n.s.w,as ill be still sobering up after the eels win the grand final:p gogo the banter..and eveyone in n.s.w will be on holidays after the eels win as the biggest underdogs..it will be moved as a national holiday.hmmm maybe not alot of mexicans south of the border :p:(vic)follow another game that has boys in tight shorts.
    But back to your question low volume as far as n.s.w is concerned.
     
  19. jono1887

    jono1887 Well-Known Member

    Posts:
    1,114
    Likes Received:
    0
    Joined:
    Apr 24, 2009
    I'm hoping more for a 4k..
     
  20. nunthewiser

    nunthewiser Well-Known Member

    Posts:
    4,668
    Likes Received:
    0
    Joined:
    Feb 27, 2008
    personally think it will take a lot more than bad jobless numbers to set this correction snowball into motion a proper yet.......

    people out there still trying to buy the weakness

    im finding it hard to read anything more than short term currently tho
     
Loading...

Share This Page