The ASX All Ordinaries gives October the BOOT!!!
Updated
No. 0000001 Published Chart on TradingView;
Here is My take on the Price Action in the XAO - The ASX Australian All Ordinaries over the the last regrettable Month for those who like to live in the Light and without Fear...
. Ie. The Bulls.
Things are looking up IMO for November...significantly.
Now that the Australian Banks have been significantly repriced to reflect potentially heavily reduced future earnings post the SAVAGE Mauling by the OUTRAGED Australian Public being SWINDLED and ABUSED by heinous Unconscionable Practices and Immorality of ALL descriptions (- AS represented by the Kenneth Hayne Royal Commission into the Australian Banking Industry) , who will NO LONGER stand to be price gouged and MILKED like pathetic Cows and treated like LAVE$ to the Banks.
I believe we have found the bottom after the precipitous plunge of the last 3 weeks. It was NEVER anything more than the BANKS which in Australia, enjoy undue weighting along with the Mining Sector.
Combine that with the usual October selling to square books and write off losses against Tax in the US due to the Official end of their Financial year...
AND
MOST IMPORTANTLY the raising of Interest rates, IMO, prematurely and unnecessarily applying untoward pressure to Trump's mid Term campaign. (As if they dont already have enough to deal with..!!) ...but the SScum dont SSleep.
Message to Fed > #shutitdown
Anyways I digress..
Note the top left red circle that started the MOVE (with finger pointer)
...True to form - "THE DEATH CROSS" where the 50 day EMA and the 200 day EMA cross which reliably indicates a sustained Drawdown...saw the dreaded Bear emerging from its dank Den, ANGRY and HUNGRY!!!
***NOTE Despite the steep Price Fall, the large Volume expansion (pink expansion arrows below) and positive divergence relative to price in the DMI Indicator during this STEEP fall! (???) Hmmm what do we have here...?
SNIFF SNIFF..? Smells RANK! Ewwww I smell Short Sellers- BIG Stinky Ones! Probably the Banks shorting each other in ALL honesty!
>The next Blue circle to the right saw significant buying at the Dip >
Cross reference the AO Indicator below to see volume bought and sold...it was healthy as new entrants took early positions.
(***NOTE the positive divergence in the DMI Indicator relative to price with pink expansion arrows below )
> The Purple Circle (with the 'Tick') to the RIGHT (Go Trump!) has GAPPED up nicely at Todays Open.
This IMO indicates smart Money has caught the scent on the Breeze and soon Volume MAY return..?
If I were a betting Man (?!) I'd wager a SLAB of the Ice Cold for this to occur by Thursday Nov 5th 2018...Any Takers please PM Me ?
The ONLY element of concern for me is the downwards slope on the final Lipstick Pink peak of the DMI...?
Perhaps the shorters have further to go..?
I doubt it though...if they do, as always, the BEST defence against Shorters is to assess the RISK carefully, OWN IT and then HIT BUY!!! BUY!!! BUY!!! Until the Bear recoils, turns hide and Runs!
..Knock em back into LAST CENTURY where they belong !
This will cause them to panic like a shoal of terrified SQUID being menaced by a hungry MOBY DICK and COVER their little SHORTS in case they get exposed revealing The embarrassing TRUTH - TINY NUTS!!!
The Index will rapidly recover and they will be nursing smashed teeth and TWO Black Eyes along with a critical puncture through their Ribs into their Heart as they rapidly BLEED to Death!
They must be aware that they are NOW in A DANGEROUS NO MANS LAND at this point..? (For the wider Market...maybe not the Banks?)
Wait for the VIOLENT THRUST of those Horns my Furry Foes. Its coming!
One quick thrust followed by a sustained 3 Soldier Thrust and its time to draw the curtains back at your Den sweeties.
...but SERIOUSLY...
I think it should be all smiles from hereon up as THE BULLS that believe in the GREAT POTENTIAL OF AUSTRALIA as a NATION take FIRM CONTROL!
Its all about Balls GentleMen! (Hence the Bull Iconography) - Grow some of those and thrust your Horn critically upward through the Heart of the Bear! (3 x)
That should finish him off quite quickly...
I will stay abreast of this dynamic situation and attempt the periodic update.
Please always DYOR and NEVER take my commentary or opinion as any sort of Financial advice relevant to ANY specific situation or Investment Scenario.
PEACE LOVE AND RESPECT to ALL.
Here is My take on the Price Action in the XAO - The ASX Australian All Ordinaries over the the last regrettable Month for those who like to live in the Light and without Fear...
. Ie. The Bulls.
Things are looking up IMO for November...significantly.
Now that the Australian Banks have been significantly repriced to reflect potentially heavily reduced future earnings post the SAVAGE Mauling by the OUTRAGED Australian Public being SWINDLED and ABUSED by heinous Unconscionable Practices and Immorality of ALL descriptions (- AS represented by the Kenneth Hayne Royal Commission into the Australian Banking Industry) , who will NO LONGER stand to be price gouged and MILKED like pathetic Cows and treated like LAVE$ to the Banks.
I believe we have found the bottom after the precipitous plunge of the last 3 weeks. It was NEVER anything more than the BANKS which in Australia, enjoy undue weighting along with the Mining Sector.
Combine that with the usual October selling to square books and write off losses against Tax in the US due to the Official end of their Financial year...
AND
MOST IMPORTANTLY the raising of Interest rates, IMO, prematurely and unnecessarily applying untoward pressure to Trump's mid Term campaign. (As if they dont already have enough to deal with..!!) ...but the SScum dont SSleep.
Message to Fed > #shutitdown
Anyways I digress..
Note the top left red circle that started the MOVE (with finger pointer)
...True to form - "THE DEATH CROSS" where the 50 day EMA and the 200 day EMA cross which reliably indicates a sustained Drawdown...saw the dreaded Bear emerging from its dank Den, ANGRY and HUNGRY!!!
***NOTE Despite the steep Price Fall, the large Volume expansion (pink expansion arrows below) and positive divergence relative to price in the DMI Indicator during this STEEP fall! (???) Hmmm what do we have here...?
SNIFF SNIFF..? Smells RANK! Ewwww I smell Short Sellers- BIG Stinky Ones! Probably the Banks shorting each other in ALL honesty!
>The next Blue circle to the right saw significant buying at the Dip >
Cross reference the AO Indicator below to see volume bought and sold...it was healthy as new entrants took early positions.
(***NOTE the positive divergence in the DMI Indicator relative to price with pink expansion arrows below )
> The Purple Circle (with the 'Tick') to the RIGHT (Go Trump!) has GAPPED up nicely at Todays Open.
This IMO indicates smart Money has caught the scent on the Breeze and soon Volume MAY return..?
If I were a betting Man (?!) I'd wager a SLAB of the Ice Cold for this to occur by Thursday Nov 5th 2018...Any Takers please PM Me ?
The ONLY element of concern for me is the downwards slope on the final Lipstick Pink peak of the DMI...?
Perhaps the shorters have further to go..?
I doubt it though...if they do, as always, the BEST defence against Shorters is to assess the RISK carefully, OWN IT and then HIT BUY!!! BUY!!! BUY!!! Until the Bear recoils, turns hide and Runs!
..Knock em back into LAST CENTURY where they belong !
This will cause them to panic like a shoal of terrified SQUID being menaced by a hungry MOBY DICK and COVER their little SHORTS in case they get exposed revealing The embarrassing TRUTH - TINY NUTS!!!
The Index will rapidly recover and they will be nursing smashed teeth and TWO Black Eyes along with a critical puncture through their Ribs into their Heart as they rapidly BLEED to Death!
They must be aware that they are NOW in A DANGEROUS NO MANS LAND at this point..? (For the wider Market...maybe not the Banks?)
Wait for the VIOLENT THRUST of those Horns my Furry Foes. Its coming!
One quick thrust followed by a sustained 3 Soldier Thrust and its time to draw the curtains back at your Den sweeties.
...but SERIOUSLY...
I think it should be all smiles from hereon up as THE BULLS that believe in the GREAT POTENTIAL OF AUSTRALIA as a NATION take FIRM CONTROL!
Its all about Balls GentleMen! (Hence the Bull Iconography) - Grow some of those and thrust your Horn critically upward through the Heart of the Bear! (3 x)
That should finish him off quite quickly...
I will stay abreast of this dynamic situation and attempt the periodic update.
Please always DYOR and NEVER take my commentary or opinion as any sort of Financial advice relevant to ANY specific situation or Investment Scenario.
PEACE LOVE AND RESPECT to ALL.
Trade active
Actually to be thorough its probably not quite there yet. But like ANY Great Magician I'm not going to reveal whats up My Sleeve!
A very wise Old Dog of the Markets once said to Me;
'Only Monkeys pick their Bottom..'
Trade active
*Correction 'Thursday 5th of November' should read 'Monday 5th of November 2018'Trade active
ROFL!I just realised...the date of my maiden post on Trading View happens to be 'Black Tuesday" that great day of Infamy from 1929 when the New York Stock Market was wrecked heralding 'The Great Depression'..!
I'd say that's a VERY BAD OMEN for Over Inflated bubbles & Overcooked Short Interest or basically ANY VULNERABLE OPERATION that provides an Opportunity..
Oh what FUN!
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To be clear;I'm not against Shorters and Shorting as a whole Ie. when a Stock deserves to be punished for bad ethics/trust betrayal or has become excessively overvalued due to speculative activity.
I am however against Shorting when it is used as a weapon to damage a juvenile productive businesses ability to raise funds and therefore grow and expand OR it is used by Large Predators engaged in a hostile takeover Strategy of smaller Companies which ultimately robs Shareholders and Management of 'Fair Value.'
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