Chancer100 yes we can all read the wikipedia page on "Geologic temperature record" and it is fairly simple to use selective quotations from that to promote your idea that the planet is actually cooling and that all this global warming is somehow pseudo science. That same page also states "Direct combination of these interpreted geological temperature records is not necessarily valid, nor is their combination with other more recent temperature records". and a direct study of your pet theory is described elsewhere as "Global cooling was a conjecture during the 1970s of imminent cooling of the Earth's surface and atmosphere culminating in a period of extensive glaciation. This hypothesis had little support in the scientific community, but gained temporary popular attention due to a combination of a slight downward trend of temperatures from the 1940s to the early 1970s and press reports that did not accurately reflect the full scope of the scientific climate literature, which showed a larger and faster-growing body of literature projecting future warming due to greenhouse gas emissions. The current scientific opinion on climate change is that the Earth has not durably cooled, but underwent global warming throughout the 20th century.
what these idiots running the country do not realise is by keep poking their noses in they will in the end make the poor a lot poorer. the clowns are thinking of bringing a £2000 scrapage diesel in but how many poor people who are probably driving these most polluting diesels will be able to afford a brand new 30 grand petrol or hybrid car?? if they could afford it they would not be driving around in a banger now. all it will do is force the poorer motorist off the road becasue they will not be able to afford to drive these new megga money climate friendly cars. its the same with them sticking there ore into the energy markets all they will do in the end is probably wipe out the smaller energy suppliers bvecause if the big 6 have to drop prices then there will not be any need for these little companies trying to undercut the big 6. these governments these days just try to jump on the popular vote and bash anyone who is making money
Task if you believe in Climate Change I suggest you look at a geologic temperature history of the earth, the long term trend shows we are in a deepening ice age these last 3m years, with an interglacial period starting around 20000 years ago. The planet was 7 degrees hotter when the dinosaurs roamed. Climate change enthusiasts seem intent on us freezing to death with their imprecise pseudo science driven by half baked models built according to their carbon theory prejudice.
Thanks, I'm not in CNA yet. I have the 10yr RSI at 37.65p, so if using that, it's not oversold yet. RSI I only use to quickly Identify heavily oversold stocks using a stock screener. I use other indicators to take long positions, for longer term swing trades. CNA is a swing traders type of stock due to how slow it moves. Right now there is no buy signal yet. That doesn't mean this is not the floor, just that there is not enough evidence of buyers returning through technicals.
It's easy to calculate, the same way you calculate a 1yr RSI over a 14 day moving average, I do that with 10yrs sp data. You can get historic share prices from yahoo finance and download in an excel. Alternatively the charts on Hargreaves lansdown are really good and you can select how many yrs RSI data you want. I find 5 or 10 years a good indication to show how a share performs over time. Today's news from the government is something you cannot predict unfortunately and MMs are taking advantage, on fundamentals there is no merit on the drop. Patience is key and £2.0815 is the bounce price target once hit then I can see sp rising. GLA and hope CNA does well for you. I will now relax until ex divi date.
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