IFocus
You are arguing with a Galah
- Joined
- 8 September 2006
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If people really think that bankrupt governments throwing money at a bankrupt monetary system,is going to secure you a longterm bull market---then your from URANUS.
I agree with Tech/A not much XAO analysis going on.
This could be the mother of all bear market rallies, but like all that have come before in this bear market, it is destined to fail and the market will ultimately proceed to new lows once reality resasserts itself IMO.
Well my XAO analysis is that it may skyrocket on Monday. All forms of short selling on all stocks have been banned from the ASX effective Monday.
Source: http://www.asic.gov.au/ASIC/asic.nsf/byHeadline/08-205%20Covered%20short%20selling%20not%20permitted?opendocument
So I read that including the instrument doc at the bottom of the page. It doesn't make it clear if people with open shorts are required to close them. It seems to just indicate that no new shorts are allowed - with a few restricted exceptions.
The $1T is just the debt and yes, the US taxpayer is buying the debt ridden assets in some hope of selling them again in some magical future time probably in the Twiight Zone.
While people starve in the ghettos the pricks who caused this have their debt taken off their hands thanks to the taxpayer.
Thanks. so you agree it was about credit markets not oil. Good we finally agree and you have finally admitted that your opinion was wong.
Is that anything like a black hole
Lol... thats funny, IFocus... not that I totally agree with your or tech/a's view, but I'll pay a bit of good humour where it's due.
You mean like the last one from '02 to '07 which interrupted the last financial Armageddon?
XAO analysis, based on US market activity late last week, XAO up on Monday, 5000 points forming resistance.
Along with motorway it was meant to be a giant trading range.btw weren't you the guy who didn't even think we'd entered a bear market as late as early January?
Along with motorway it was meant to be a giant trading range.
From memory, 4300 was the next level down after 4700, and 3700-3800 after that, on my charts.Over the longterm thats what it will be.
I dont think we will see 6880 taken out for many years--5-7.
Dont know where the bottom will be but 4100 to 4300 is the next stop--from my analysis.
I don't remember any financial armageddon in 02. Can't recall the US treasury backing $1 trillion worth of mortgage assets....ever.
btw weren't you the guy who didn't even think we'd entered a bear market as late as early January?
Touche dhukka. For about the last 20 years experts have been predicting that with every downturn this one would be the big one. We'll find out eventually if it really is different this time.
Absolute numbers mean little BTW...you know how it is, inflation and all.
If I went back and looked at that chart I'd come to the same technical conclusion. If you want to say "I told you so", you can have that call, it hasn't helped your portfolio.
Have they? Good for them, not sure what the relevance of this statement is. Anyway to date, this bear market has already equaled the biggest in terms of peak to trough declines in the last 20 years. It's always at least a little different isn't it? As you said we'll find out in due course exactly how different.
Then maybe it's time to stop looking at charts? My aim is to outperform the market over the full cycle. My measley portfolio is down less than half the current market decline. I'm happy with that result.
There is more than one way to skin the same cat,
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