XAO Technical Analysis

julius · 26 February 2009

Re: XAO Analysis

fabturbo,

You're chart doesn't show anything. You can fit a curve to any chart after the fact and make it look like 'support'.

fapturbo said:
10 Year 1 Week Candle Chart.

Fair to say if get close to 2850 could be close to a bottom.

Market will decide.

MrBurns · 26 February 2009

Re: XAO Analysis

Gundini said:
Too big to fall

Your talking about our economic system to collapse?

No way, not in Australia... We have too much good going for us...

It's already happening overseas, not sure what that means for us but it cant be good.

fapturbo · 26 February 2009

Re: XAO Analysis

julius said:
fabturbo,

You're chart doesn't show anything. You can fit a curve to any chart after the fact and make it look like 'support'.

True, but it does show the range that contains most of the data in the last 10 years.

If we get a depression like event occuring and we lose around 80-90% of value from markets then XAO will end up around the 700-800 range also.

M34N · 2 March 2009

Re: XAO Analysis

XAO now at 3215 and ASX200 as 3260, this is I think a new low and looking very weak here. Anyone game enough to short or go long here? A few on my watchlist looking extremely bad (namely QBE and MQG), but there's just as much green or flat also (WOW, NCM, LGL, TLS) so defensive stocks/goldies doing OK, doesn't feel like a big downleg yet so unsure what to think here at the moment?

Will have to see how it closes later on in the day, but not too optimistic.

fapturbo · 2 March 2009

Re: XAO Analysis

Fridays price action suggests a new lower low.

Trend is down.

Consolidation.... Move.... Consolidtion.... Move....

Lower Highs and Lower Lows.

gfresh · 2 March 2009

Re: XAO Analysis

BHP broken trend also.. watchout below

Sean K · 2 March 2009

Re: XAO Analysis

gfresh said:
BHP broken trend also.. watchout below

Breaking 28 looks untidy to me. 3300 clearly broken it would seem on the XAO. Not sure how significant that Nov low at 3200 is compared to 3300. Looks like the Downs have it to me.

Trembling Hand · 2 March 2009

Re: XAO Analysis

kennas said:
Not sure how significant that Nov low at 3200 is compared to 3300. Looks like the Downs have it to me.

Its a HUGE number. It was defended like I haven't seen before on the futs. Some SERIOUS money stepped up at that level, serious!!

Will be keen to see if they are as interested this time around

Mactavish · 2 March 2009

Re: XAO Analysis

2800 here we come!!!

MrBurns · 2 March 2009

Re: XAO Analysis

Guy in the US, Jim Rogers seems to know what he's talking about says agriculture will be the boomer over the next 10 - 20 Years, anyone know any good agriculture stocks ?

(yes I know do your own research, whadaya think this is ? )

MRC & Co · 2 March 2009

Re: XAO Analysis

NUF perhaps MrBurns.

S&P at new lows once again, our market showing resilience. May just chop our way down to new lows at this rate.

tcoates · 2 March 2009

Re: XAO Analysis

Mr Burns,

The CommSec AgStocks index is made up of Australian Agricultural Co Ltd, ABB Grain Ltd, AWB Ltd, Futuris Corp Ltd, GrainCorp Ltd, Incitec Pivot, Nufarm Ltd, Queensland Cotton Holdings Ltd and Ridley Corp Ltd.

(Source: http://www.abcmoney.co.uk/news/22200775088.htm)

Tim

PS. Minus Queensland Cotton Holdings (http://www.qcotton.com.au/about/med...d Recommends Olam's Higher Offer 28-05-07.pdf)

MrBurns · 2 March 2009

Re: XAO Analysis

Thanks fellas

marcadrian · 2 March 2009

Re: XAO Analysis

M34N said:
XAO now at 3215 and ASX200 as 3260, this is I think a new low and looking very weak here. Anyone game enough to short or go long here? A few on my watchlist looking extremely bad (namely QBE and MQG), but there's just as much green or flat also (WOW, NCM, LGL, TLS) so defensive stocks/goldies doing OK, doesn't feel like a big downleg yet so unsure what to think here at the moment?

Will have to see how it closes later on in the day, but not too optimistic.

Yes currently going short on a few stocks with big market cap (above 800m) and doing very well out of it. Seems to be easy pickings at the moment on the short side of town!

sam76 · 2 March 2009

Re: XAO Analysis

marcadrian said:
Yes currently going short on a few stocks with big market cap (above 800m) and doing very well out of it. Seems to be easy pickings at the moment on the short side of town!

which means it's time to go long

hotbmw · 2 March 2009

Re: XAO Analysis

were going down to 2800 and i hope so!!!

Struzball · 2 March 2009

Re: XAO Analysis

hotbmw said:
were going down to 2800 and i hope so!!!

Reminds me of when everyone was saying 'we're gonna hit 7000!!!!'

Sean K · 3 March 2009

Re: XAO Analysis

Trembling Hand said:
Its a HUGE number. It was defended like I haven't seen before on the futs. Some SERIOUS money stepped up at that level, serious!!

Will be keen to see if they are as interested this time around

Still being defended in the short term it seems. But this is ASX 200 mini, which doesn't like me much.

Wish I was short around the 3300 level....

Trembling Hand · 3 March 2009

Re: XAO Analysis

kennas said:
Breaking 28 looks untidy to me. 3300 clearly broken it would seem on the XAO. Not sure how significant that Nov low at 3200 is compared to 3300. Looks like the Downs have it to me.

Well she is sitting 50 points lower than that . Wouldn't be surprised if it runs up to close that gap after the morning sweep is done.

tech/a · 3 March 2009

Re: XAO Analysis

Page 304 post 6069
https://www.aussiestockforums.com/forums/showthread.php?t=4888&page=304

Now reaching these levels,seen through the analysis in that post.

XAO Technical Analysis

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