ASX200 (XJO) 7000 here I come....

Discussion in 'Sharemarket News & Market Analysis' started by oracle, 30th Jul, 2019.

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  1. SatayKing

    SatayKing Well-Known Member

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    Or possibly from 2000 when it was 3,079?
     
    SatayKing, 9th Jan, 2020
    #161
  2. willair

    willair Well-Known Member Premium Member

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    Satay-King,that's one item about age and the mistakes one makes but to be honest it would be a very complicated answer from when late may in 2001 when One.Tel went bust and all that's happened in-between..
     
    willair, 9th Jan, 2020
    #162
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  3. SatayKing

    SatayKing Well-Known Member

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    :D

    "One.Tel" - keep holding. The market will see its value one day. Apologies for that comment if you got hit with that number.

    - and many more as well.
     
    SatayKing, 9th Jan, 2020
    #163
  4. willair

    willair Well-Known Member Premium Member

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    Just found the file i have on One.Tel from all those years ago..

    I have several pages from when the then ceo ''JR'' told everyone they understood how the mobile phone and the internet will change the world and the lead ''JP'' investment wise as he was about to step into his Father's shoes paid ..
    One can only picture standing in front of his entire executive team after it went belly-up after being given the freedom to make his own decisions,then have his famous father to pick up the tab..
     
    willair, 9th Jan, 2020
    #164
  5. geoffw

    geoffw Moderator Staff Member

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    If I've read it right, XJO hit a new peak (6887) before coming down slightly? Or have their been higher intra day peaks?
     
    geoffw, 9th Jan, 2020
    #165
  6. PandS

    PandS Well-Known Member

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    XJO peak at 6,893.700 on 29/11/2019
    It has several attempt since to run past that peak but meet with pretty strong resistance
    it failed 16, 17,18,19 of December to break new high then again today and failed.

    The more time it failed the bigger the break out if it happens or a big drop ...
    but low rate environment I say a break out to 7000 is more likely this year
    stake your bet :D

    I bet on a run to 7022 when it does break out
     
    Last edited: 9th Jan, 2020
    PandS, 9th Jan, 2020
    #166
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  7. PandS

    PandS Well-Known Member

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    I think we may have a new high today or next week, future market run to the highest level since it peaked at 6838 in November last year, it has many attempts since and never broke 6833 today just before close it run to 6834 bullish sign setup for XOJ to hit new high.

    Future market usually trades at a discount to XJO but not always because of dividend, for our market around 50-60 pips depending on dividend calculation.

    If rate was higher than dividend then it will trades at parity or premium to XJO
     
    Last edited: 10th Jan, 2020
    PandS, 10th Jan, 2020
    #167
  8. willair

    willair Well-Known Member Premium Member

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    Yes it did ,but what i have found is it's better to watch the all ords index base that cover a wider base ..

    The all ords index did break above the 7000 mark around lunch-time yesterday ,and going by overnight market's it may well break above that level this morning ,once above that level then who knows ..
     
    willair, 10th Jan, 2020
    #168
  9. PandS

    PandS Well-Known Member

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    we have it the future market reopen breaking previous high, we will see XJO breaking new record today
     
    Last edited: 10th Jan, 2020
    PandS, 10th Jan, 2020
    #169
  10. PandS

    PandS Well-Known Member

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    All ordinary is not a reliable measure that why market instruments use XJO as all ordinary contain speculative microcap stocks that not accurately reflect the real market earning power

    same with the US, they only use S&P 500 and the DOW 30 and NQ 100
     
    PandS, 10th Jan, 2020
    #170
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  11. PandS

    PandS Well-Known Member

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    XJO done it broke previous record a run past 7000 is now in order :D
     
    PandS, 10th Jan, 2020
    #171
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  12. willair

    willair Well-Known Member Premium Member

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    The All-Ords is now just above 7020 about a minute ago ,but some my be a bit ahead of me on the timing ..
     
    willair, 10th Jan, 2020
    #172
  13. geoffw

    geoffw Moderator Staff Member

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    So XJO closed at 6929, All Ords at 7041.

    If this is of interest, you would already know this. If it's not of interest, then ignore. Either way this post adds no value ;-)
     
    geoffw, 10th Jan, 2020
    #173
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  14. Redwing

    Redwing Well-Known Member

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    upload_2020-1-10_16-38-23.png
    upload_2020-1-10_16-38-58.png
     
    Redwing, 10th Jan, 2020
    #174
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  15. rizzle

    rizzle Well-Known Member

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    upload_2020-1-16_10-21-10.png
     
    rizzle, 16th Jan, 2020
    #175
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  16. Snowball

    Snowball Well-Known Member

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    Growth investors rejoice at their climbing portfolio value! :)

    Income focused investors grumble at the lower yields on offer. :(
     
    Snowball, 16th Jan, 2020
    #176
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  17. SatayKing

    SatayKing Well-Known Member

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    Yes but no, no, no. We grumble not because of lower yields but because it costs more to obtain an income stream. Have you learnt naught young fella? :D
     
    SatayKing, 16th Jan, 2020
    #177
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  18. pippen

    pippen Well-Known Member

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    Tell me about it, this time last year 1000 argo shares cost me around $7,700 now the same parcel would cost around 9k for that 33cent dividend stream! Dam it!
     
    pippen, 16th Jan, 2020
    #178
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  19. Redwing

    Redwing Well-Known Member

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    It got there (7,162)

    Then was chased away

    upload_2020-3-9_11-58-12.png
     
    Redwing, 9th Mar, 2020
    #179
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  20. radson

    radson Well-Known Member

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    back in the high 5s today. buying back in some ETFS
     
    radson, 9th Mar, 2020
    #180
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