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Thegreatraymondo.
I totally agree with you when I consider the recent extreme volatility of the equities at the top of the this morning's FTSE Allshare risers; additionally at the top of the FTSE Allshare fallers. It makes me question whether the market is a reflection of the changing valuation of companies, or a casino-style arrangement where big players are constantly introducing and removing large sums of money and augmenting their wealth in the process?
For the time being, I will remain with my current strategy, although I also believe that investors in "safe" UK stocks have been disadvantaged recently by the draconian removal of all their dividends - allegedly in support of UK plc - small business loans in the case of Lloyds, and proliferation of the nation's broadband fibre infrastructure according to some of BT's recent arguments.
Fleccy...... "Whether it's a hard Brexit, soft Brexit, or Trade deal will make no difference after it's all finished, the world will still turn and life will go on and UK focused stocks will find fair value."
Best thing we did leave the EU, how much more would the UK have had to pay towards the cost of the Cornavirus had we still been a member of the EU? This virus has cost us enough.
"But blaady strange morning! One for the X Files :)"
I think it just demonstrates the power of the market makers to determine the price and direction of certain stocks. I think there's been a blitz on UK focused stocks going back to the 2016 referendum. The stock market Generals are training their big guns on UK stocks at any hint of negative headlines around the Brexit negotiations. Lloyds underperformed HSBC yesterday, which surprised me with all the negative headlines around Hong Kong and China. Personally I think the negativity around Brexit is totally overdone and the market needs to take a reality check. I believe the attack on UK stocks is more about reinforcing the vested interest view and has no bearing on reality. So what if we start trading with the EU on WTO terms, it's not like the world will end. Most right thinking ordinary people see that rhetoric around Brexit as well overblown and aren't really that bothered. Whether it's a hard Brexit, soft Brexit, or Trade deal will make no difference after it's all finished, the world will still turn and life will go on and UK focused stocks will find fair value.
Much more bought than sold ? I’m a simple soul who doesn’t understand why the SP drops when that happens
PS.
By barely hanging on to 116 at close, I mean that I have 116.25 as the close.
So does Yahoo Finance & co. etc.,
But here on this site, LSE, it's showing higher as 116.75
Seeing as you've posted on today's volume gangstilla, I'll take advantage of your post and summarise the afternoon's intraday price action as I was debating whether to leave as is, or add a summary to my post below.
I posted below @ 2:07pm but was flicking back and forth double-checking prices and volume changes for accuracy, so in essence I must have started writing that post several minutes well before 2:00pm.
I mention that because as fate would have it, the volume accumulation changed quietly but with increasing strength, from accumulation to distribution from just a few minutes before 2:00pm and didn't let up getting worse and worse until close.
When I review it right now, it looks quite seriously nasty - it changed from that long morning of volume accumulation to distribution, right when I was posting @ 2:07pm and just strengthened all through the afternoon. And the price followed suit. (Even though not a single 5 minutes of SP action matched up with what the morning volume was displaying!)
It was circa 117.9odd before 2:00pm and once volume sunk into distribution, the price fell rapidly (as it usually does) apart from a transitory rise around 2:45pm it fell so that by 3:00pm it was in the v low 117's.
It let go of 117 by about 4:15pm-ish to high 116's and rapidly fell in tune with a worsening distribution volume so that by close it was barely holding on to 116.
So the afternoon, held no surprises. Volume and price were in synch. Which was the point of my post. It wasn't in synch all morning. 'Something' was intervening outside of the system in the morning and therefore a loss of perceived 'control'.
Volume then quietly drifted 180 degrees to distribution which means that price always falls - and it did. So no complaints here. It shows the mathematical modelling of that indicator is intact. Which just highlights the shenanigans in the morning.
BT was robbed of that certainty all morning from 8:30am onwards until lunchtime as it was a strongly increasing volume accumulation showing on screen; hence my querying what the hell was going on.
Any adverse media News should reflect in the volume too - unless MM's override and manually offer their own prices; which is my only explanation - manipulation. Not saying illegally. But usually volume and price move in synch. They did in the afternoon, but not this morning - why?
===
Re-checked everything and still standing with bullish short term trends for Monday - all with a bullish outlook.
Volume/price hasn't transmitted itself to the shorter, faster, trends. So, I'm expecting a bullish continuation on Monday. Regarding it as a Zig day, looking for a matching Zag next week :)
But blaady strange morning! One for the X Files :)
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BT currently -
Price to 200 day ma trend . = Bearish!
Long term trends . . . . . . . = Bearish
Medium term trends . . . . . = Bearish
Short term trends . . . . . . . = BULLISH
Ultra-short term trends . . . = BULLISH
Ive been tracking BT's volumes since i got in at 105 just before the drop to 100 and almost every day bar the past few days, there has been more, or roughly equal, buys : sells. It will take some time but I definitely agree with your short term call of a small increase.
Sometimes there will just be something happening that affects the entire market, more so the big players such as BT that causes everything to rise, or fall, just because everything else is too. Some AIM and other low M.Cap companies don't necessarily go with this trend, but for the past week, at least, BT has followed trends.
Was scratching my head wondering what I'm missing at the intraday price action of the SP this morning. So got busy with the posts below to let it be and come back fresh - and it's this:
Checking back, since 8:30am this morning the SP had dramatically entered a bearish retrace. Opening at 119 and cratering to 116 intraday, over hours.
Only thing is, since the 8:00am open, volume has been under notable accumulation. Accumulation had RISEN all the way to 1:00pm whilst the SP has done the opposite!
That just can't be.
What am I doing wrong, I thought?
Tree shake? Or those conspiracy theories of dark forces working against BT's true valuation LOL!
I then went on to get some data on those 2 posts whilst I thought about it. Came to this conclusion:
- If the volume remains as showing accumulation and the SP continues retracing, then a dam will burst at some point.
Checked after releasing those posts, and I think the dam started seeping water approx 12:45am. The micro intraday trend lines now support the price and it too, the SP, is now on the rise.
So what was the price fall from 8:30am to lunchtime all about, whilst volume was under accumulation?
Somebody allowed to get in cheap? Mates rates?
Neah, I'll just go with - one of those things. As long as volume registers as under accumulation I'm happy that the SP might recover from this morning's retrace.
PS. Just checked before posting and all appears in synch now. But the morning was well weird and didn't ring true.
In synch, which means if the volume eventually shows as distribution under way then I can't query it, only if the price then does the opposite and rises, LOL!
Day trading - deceptive & dangerous.
----------------------
BT currently -
Price to 200 day ma trend - Bearish!
Long Term trends = Bearish
Medium term trends = Bearish
Short term trends = BULLISH
Ultra-short term trends = BULLISH