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XAO - All Ords


thekiwi

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QUOTE (29101971 @ Wednesday 22/10/08 06:33pm)

i said it was a ST bottom and it could test 4800 MAX because fear was so great with VIX around 70, since then the market has rallied and it may rally some more, that said any ST rally is a selling opp not a buying one, sell the rallies and buy the dips. Overall the LT trend is down on the monthly chart with an overall target at 2700 give and take any ST rallies in between.

 

Yes it can be hard to pick the exact move in the ST up and down, i have overall target sometimes they hit and sometimes they dont, overall there is going to be more downside, another 1500 points at least, how long or when that will occur is any ones guess,

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In reply to: jr007 on Wednesday 22/10/08 06:39pm

I am not short the ASX, i have shorted the Mini dow jones industrial average (ETF) pretty much since about 13300 i still have a posistion short from those levels, i have also been trading the ETF on a daily basis, i dont bother trading the ASX, i focus on the US indicies http://www.sharescene.com/html/emoticons/smile.gif

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  • 3 months later...
  • 7 months later...

the smell of a stock market crash

or correction is in the air

read on

hello everyone..

late afternoon market cast..

for USA monday

give signals of WARNING

ASX 100 seems to reach a top

speculative market running hot a present..

usually signalling a correction pending..

everyone trying to raise capital??

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

we did have a FANTASTIC recovery

WARNINGWARNINGWARNINGWARNING

this cycle is reaching a top

WARNINGWARNINGWARNINGWARNINGWARNING

maybe a crash very soon

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

what goes up quick comes down fast

WARNINGWARNINGWARNINGWARNINGWARNINGWARNINGWARNING

maximum lengt to this cycle 2010 hello everyone..

late afternoon market cast..

for USA monday

give signals of WARNING

ASX 100 seems to reach a top

speculative market running hot a present..

usually signalling a correction pending..

everyone trying to raise capital??

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

we did have a FANTASTIC recovery

WARNINGWARNINGWARNINGWARNING

this cycle is reaching a top

WARNINGWARNINGWARNINGWARNINGWARNING

maybe a crash very soon

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

what goes up quick comes down fast

WARNINGWARNINGWARNINGWARNINGWARNINGWARNINGWARNING

maximum lengt to this cycle 2010 hello everyone..

late afternoon market cast..

for USA monday

give signals of WARNING

ASX 100 seems to reach a top

speculative market running hot a present..

usually signalling a correction pending..

everyone trying to raise capital??

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

we did have a FANTASTIC recovery

WARNINGWARNINGWARNINGWARNING

this cycle is reaching a top

WARNINGWARNINGWARNINGWARNINGWARNING

maybe a crash very soon

WARNINGWARNINGWARNINGWARNINGWARNINGWARNING

what goes up quick comes down fast

WARNINGWARNINGWARNINGWARNINGWARNINGWARNINGWARNING

maximum lengt to this cycle 2010

 

 

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  • 3 months later...

Gold in AUD has an inverse relationship (so it seems--you decide) with XAO.

The middle chart shows the relative strenghth of Gold V XAO,with the 'crossovers' marked.A new crossover seems a possibility--the XAO could be set for a correction.Strong Gold = weak Stock market, that is the idea.

Click on Chart for a full page image (if anyone is interested !)

post-18894-1260184362.gif

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