Yahoo!7

Finance Forums

Technical Analysis

Create Reply

Page 1 of 11

First Page
< Previous
Next >
Last Page

Sort By:: Newest First; Oldest First

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Tue 23 Nov 2010 20:21

Hi All:)

It appears to me we had a very down day today caused by suspect fundamentals like Nth Korea lobbing arterial shells at Sth Korea and Debt in Europe rearing its ugly head again.

Technically things are starting to look fairly dicey to me too!

The problem seems to be finding any asset class that is doing well. It seems the stimulus measures are failing to have any lasting positive effect and volatility is rife.

Bye

retribution
09 Oct 2008
Sign in to report this post.

Posted Thu 25 Nov 2010 17:58

Yep the unexpected sometimes happens...

how are you firefly ?

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Thu 25 Nov 2010 19:50

Hey Bias:)

I see you are still hanging in there

I am Ok mate busy at work how are things with you?

Cheers

retribution
09 Oct 2008
Sign in to report this post.

Posted Fri 26 Nov 2010 16:05

Same here fire, busy trying to make sense of markets and the RBA...

http://au.finance.yahoo.com/news/Stevens-happy-banks-make-big-aap-1549673804.html

Toby
08 Aug 2009
Sign in to report this post.

Posted Fri 26 Nov 2010 17:29

XJO chart looks like it might be in a price channel with Wednesdays bullish hammer candlestick bouncing off the support side of the channel.

click here to view the chart

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Fri 26 Nov 2010 21:07

Hi Toddy

What do you make of the two Dojis immediately following the bullish hammer? It would seem the market is somewhat undecided to me and could go either way.....

Most likely though it will stay in the channel in the short term.

Cheers

This post has been edited 1 time by Firefly_au.
Last Edited Fri 26 Nov 2010 21:09

Toby
08 Aug 2009
Sign in to report this post.

Posted Sat 27 Nov 2010 16:31

I agree those two Dojis indicate indecision, which to me suggests the prior trend we've seen over the last few weeks is losing strength.

Toby
08 Aug 2009
Sign in to report this post.

Posted Thu 02 Dec 2010 17:41

Support side of the channel was tested twice again this week but it seemed to hold. Nice positive move today.

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Thu 02 Dec 2010 18:28

Hi Toddy

Good post mate and like the charts too

It is as you say sticking to the rising channel nicely..

Bye

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Thu 02 Dec 2010 18:41

Hi all

I find this rather interesting -

"SPI
Bullish above 4629; bearish below 4550.

The most significant event on last week’s SPI chart was the wide-range up-day on Wednesday. The range was not breached in either direction on Thursday or Friday which means when it does, it is likely to determine the short-term outlook. In light of this, the outlook is bullish if there is a move above 4629. In that instance next resistance is then at 4694, which is both the highs of November 18 and the 50% retracement of the losses from 4837 to 4550. Next resistance is then at 4728, which is the 62% retracement of the losses.

A close below 4550 would reconfirm the correction and give a next target at the 50% retracement of the gains since early July (4200 – 4837) which is at 4518. Next support is then at the Fibonacci 62% retracement of 4443.

RES: 4629 4694 4728
SUP: 4550 4518 4443

Cat Davey"

Cheers:)

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Thu 02 Dec 2010 18:54

Hi again

Add this one for the US market.

http://www.youtube.com/user/buysellshort

Ang put me onto this one - Hello Ang if you read this one

Bye

retribution
09 Oct 2008
Sign in to report this post.

Posted Thu 23 Dec 2010 21:30

Hi firefly, well I don't have a list of all the guesses in the All Ords guessing competition for Oct-Dec that we posted on the old finance boards but I do know that you beat me by 2.5 points, that is if I'm correct that your guess was 4950...mine was 4825

The All Ords came in at 4888.2, the last day (23/12/10) of the comp

What we need now is for a poster/s who might have guessed in between our guesses to come in and honestly say what their guess was

We may call the comp null and void because of Yahoo deleting the old "All Ords Opinions and Estimates" thread but I will say well done firefly, subject to the real winner revealing themselves, if there is one

retribution
09 Oct 2008
Sign in to report this post.

Posted Thu 23 Dec 2010 22:23

See if you can make sense the store thread fire, it's in Board Reader

http://boardreader.com/s/All%20Ordinaries.html?o=0&extended_search=1&mthread=40056&f=1811621

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Fri 24 Dec 2010 07:41

Hi Bias

Thanks for that but there is nothing in it for guesses IMO

I didn't win it mate, one of the others did but I cant remember who exactly...

Please let me take this opportunity to wish you and yours a very Merry Xmas and a Happy New Year!

This post has been edited 1 time by Firefly_au.
Last Edited Fri 24 Dec 2010 07:59

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Fri 24 Dec 2010 07:59

Hi Bias

That link is interesting but it sadly isn't complete . It seems to end about the start of the Xmas game.... I did find Flatout's guess though at 4970 and a few others that are not in the hunt but I suspect someone picked 4900 - who was that do you remember?
Yes mate you are right about my guess which was 4950 as I recall. Damn the timing of the Yahoo change.

Cheers

retribution
09 Oct 2008
Sign in to report this post.

Posted Sat 01 Jan 2011 21:09

Happy NY firefly

Here we go fire, cash in Oz banks risen by billions, 1.3 trillion in banks now, 1.2 at beginning of 2010 ....link below

Experts predicting index to be 5500-5700 by end of 2011, got their own All Ords guessing game going maybe lol, they might be right if the flood rains stop and lets the miners get back to work !

We'll have to see what legislation is proposed / passed this year which could be a factor in determining end of year index, also the dollar is going to stay high I'm reading, so will exports endure ?

The Dow is steadily rising, it might sustain...but 10% unemployment in US...and politics will be a bit shakey after Jan, so I'm watching with interest

http://www.theaustralian.com.au/business/cash-in-the-bank-beats-the-sharemarket/story-e6frg8zx-1225979665382

Firefly_au
30 Mar 2009
Sign in to report this post.

Posted Tue 04 Jan 2011 23:50

Hi Bias

Thanks for the happy NY mate I wish the same to you and yours

Wow the NY looks very promising indeed IMO

So unless the US or EU fall in a hole again I am well on the way to meeting my investment return targets for the financial year! In fact if I bailed now I would be at target thanks largely to my interest in commodities such as gold and REOs and resource companies.

Mate that article on the relative returns for Bank interest and stocks is IMO somewhat misleading! If we remain an active investor with cautious risk management it is definitely wrong - but if we just buy and hold regardless of returns and capital gains or losses then yes a bank account would have been better!

Hopefully you and your family are happy and well and your investments are kicking along nicely for you.

Take Care

This post has been edited 1 time by Firefly_au.
Last Edited Tue 04 Jan 2011 23:53

Pete
14 Nov 2008
Sign in to report this post.

Posted Mon 10 Jan 2011 15:11

Hi Bruke, I thought it would be more apt for me to bring the discussion on to this TA thread. Further to last week about Fib retracements, would it be possible to spot support/resistence levels on a graph and work backwards to extrapolate proposed highs/lows?

eg if 0 and 100 are your extremes, then you would expect possible retracements at 61.8, 50 and 38.2.

But if you spotted a trend from 0 with resistence/support at 38.2, 50 and 61.8, could you exrtapolate the long term price to reach 100?

Not sure if I explained myself clearly here and just thinking out loud.

Toby
08 Aug 2009
Sign in to report this post.

Posted Tue 11 Jan 2011 21:30

Not sure if I understood petes question correctly, but if a trend finds resistance at a level you may as well call that point 100% initially at least, rather than assume it might be the 38.2% Fibonacci Retrace in a bigger picture further down the road.

- then you might extrapolate the next level where the price may find resistance if it goes higher than the 100% level by using Fibonacci Extensions.

eg. price trends from 0% to 100%, then let's say the price comes back and finds support at the 61.8% Fibonacci Retrace, then moves up past the 100%. You may extrapolate the price could find resistance at the 138.2% Fibonacci Extension.