This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

XAO Banter Thread

Jump to new
As much as I hate it ......

 

Attachments

  • upload_2017-10-28_19-45-28.png
    139.2 KB · Views: 20
Last edited:
I haven't posted here for AGES but i lurk a bit

I see the daily as putting in a Wave B top now/soonish.
On the weekly I think there's some evidence to suggest we commence a 5 wave decline to C.



 
Just heading off the XAO tangent a little here, the following charts: monthly bars cycles for DJIA and Quarterly bars cycles for SP500 I think might be interesting. Whilst they are not precision timing in anyway they have proven to be an invaluable guide pre and after GFC for me. The Quarterly bars spreadsheet of the SP500 shows what the chart looked like in 2010 and and what it suggested and then I have the same plot of what it looks like now. The DJIA monthly shows what the cycles analysis for the DOW looked like across various timeframes as of a few weeks ago. Suffice to say it looks like prices have certainly reached an extreme here.
 

Attachments

  • SP500 Quarterly Bars Cycles Analysis_09112017-1.xls
    118 KB · Views: 21
  • DJI Cycles Analysis 07112017-5.xls
    1.4 MB · Views: 15
Possible to get bullish into December for the mythological Christmas rally? Still way below GFC highs while other countries have moved on.
 
Disaster for most share investors the past 10yrs

Just stuck, capital going nowhere,

5yrs maybe to get out of this pattern
 
Clear 'lower highs' throughout the specs, but at the same time, they are reaching support. imo, there will be a turn up next week and a chance to exit, but sellers will be all over it.
 
Ords - 5982 looks like it will be revisited. Then what? Probably a small, quick bounce and then the bears come in.
 
Reversion stocks had an enormous pay day with the first drop-and-pop (mid Nov). Now they're getting blown out pretty badly. A lot of the small stocks look like they're going to grind along for a while on low volumes, because whilst many of them are at support, the juice has gone.
 
Super funds invested in the share market should do well again this FY after a lengthy trendless period and a break higher. Obviously international shares would have been the place to be for the buck bang.

About 10 months of sideways on the stock market works well for Super Funds.

 
xao/xjo share same trend qualities, ftse is on 144 week cycle this week, maybe dax too without new high

some demarcations exist





100 ema around 5940 xjo
next larger same size swing south would give a target mid to low 5800's

are we due a decent swing to reset uptrends ?
retail cfd's are currently 73% long front month contract - buying the dip

cookin in Melbourne
 
xao displays same symmetry construct to xjo, attempts to hold todays low for (spi bids likely to get spanked overnight)

 
essentially, both xao & xjo can be said to be trending in the small downchannel
price held at last weeks low but bids failed to come...
 
Yeah another pathetic performance for the Xao

The top50 stock component is just doing nothing for many years

These are the type of stocks in peoples SMSF and just being left behind. People will have to make a decision to sell and get out for a loss and get into international equities or ETF.

Can’t see myself buying anything but a ETF in the future
 
Nice work with these charts Joules and Country Lad.

The XAO had a good second half, no doubt. Whether this next upward leg can crack 6250 will be instructive
 
You must log in or register to reply here.

Similar threads

August 2025 DDD
2 3
Replies
54
Views
7K
ducati916
Fun with ChatGPT
2
Replies
24
Views
4K
SirRumpole
All trading needs to cease for 14 days prior to Monday open in Sydney
2 3 4
Replies
75
Views
15K
divs4ever
R
21 Lessons in Investing
Replies
6
Views
4K
divs4ever
Opinions vary... An alternative view on the markets
3 4 5
Replies
85
Views
30K
kahuna1
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...