Member Info for Chartist2

All of us buy a larger stake?? How about that:)) Holding 250k now. Had planned to get 500k altogether if that 7.15-7.70 buy signal was confitmed. Could increase to 1 - 1.5M shares. Anyone up for it? Daisan or one of the other bigshots here? Toephur maybe...? Or is everyone fully loaded right now. (In my opinion after the US elections we'll see a market rebound.)

...hmm, they still fail to push and hold above 509-510.

The company / their allies / their trading system has difficulties now to soak up the excessive selling. But they seem to be still pumping in a fair amount of buys i.o. to stabilize the Sp. Volume Sold 1,007,984 Volume Bought 555,596

DogTyred, the bottom is slowly slowly taking shape. ------- The Sp must now quickly find a way to halt at 5.95 - 5.80p. - if breached, then new wave of sellers, down to 5.25 / 4.85 / 4.10p Company directors now have to find a way to announce capital intake. Actually I'm quite happy that they get exposed to such brutal market forces these days. I truly hope that one of the big miners approaches JP now and asks them to handover their ARS stake. Let them take-out Asiamet for 15p at the end of the year.

So this is why Steven Hughes jumped ship? Too much to handle? Well then!

Very nice day! Still in from early 460's and later 470ish. Ocean of buyers as soon as 509-510 climbed and established.

Ohh, how the company loves the 510's! Intetestung to see them supporting it (or asking for support) all of a sudden..

...so lets see if "they" can hold it at least above 491p now.

Decreasing market cap is putting pressure on company directors. If they dont stabilize it, they risk to be taken over IMO. I also wonder why they dont come up with any finance/ capital raise comments? They could at least point to a plan. - the Sp must now quickly find a way to halt at 5.95 - 5.80p. - if breached, then new wave of sellers, down to 5.25 / 4.85 / 4.10p Well done, smiling Steven!

While obviously most people look at the main markets..., lets keep an eye on the technicals as well. In my opinion: - save until 471 maintained - sign of new life from 487-491 - buy trigger when 499 climbed - ocean of buyers when 509-510 established No advice meant. DYOR!

Basically describes what KAZ has experienced on Monday: "Stocks closed lower on Monday, giving up sharp gains from earlier in the day in a wild session that saw the Dow Jones Industrial Average travel more than 900 points." And what to expect? "Uncertainty grips stocks with the midterm election just a week away. Investors are wondering whether an era of deregulation, tax cuts and pro-business policies will continue or be curtailed in the next Congress. Stocks usually rally after midterm elections, and corporate profit was strong in the third quarter, which should give investors comfort." Cnbc

Nice one! 16:18:32 6.00 150,000 9,000 Marineville, was that you buying back in? Normally you wirk with 15k chunks, right?

Yup, noggers, this needs sustained buying as well as people who hold on to their shares after 4.30 pm :)) (Private Q: Why tad negative about KAZ since a few days?? Before that you seemed like tuned on well and catched the rise.)

Yes, todays chart picture is hilarious! It looks like a number of short term gamblers came in and partly caused the rise themselves. Because 500ish wasnt taken, they all went home again :)) 5.25 pm

Right now N4P is building new grip. Expect these to cut through 6.85 - 7.15 one of these days, which would then lead to a substantial upleg in my opinion.

Wow, very nice spread now!
Can someone make a test buy for 100k?

Next buy signal in my opinion when 6.50p are climbed.

...instant sea of blue (with large 1k and 4k buys) now, as soon as the lower 490's are touched. This serves as another decent indicator of what to expect.

Safe to hold now as long as the newly gained 491 is maintained at the closing. This line will soon transform into the new platform for the next real upleg.

Its the hourly chart, workover.
The Sp needs to climb that line on the intraday, slightly surpass it, and then hold firm above it (in our case 499-502). Even if the price does hold there for more than one hour, but then two hours later breaches the line to the downside, the entire signal is invalid.
Well, one has to try again and again, if you are a trader!
Think about it: A mid term oriented investor might be crying to see that 510p fell apart this lunchtime, while a day trader is cheering to have been invested from 480ish to as high as 510p. Lets be happy that we are 490ish and not 470ish anymore:))

(IMO one reason for the current unusual poor performance is that ii's might have been given new rules because of the main market crash. For instance they could be obliged to wait until 6th Nov elections.)

...and back to 498p.
These sort of minute lasting spike, from 11.10 AM until 12.20 PM isn't helpful really. As a TA researcher you are looking for a well founded rise together with volume breakout / buyers. Not just punters who sell quickly and fail to support the Sp for more than an hour.

workover, the price needs to fully establish above the trigger line and hold there for more than just a few minutes. If you use a candle-chart, you merely see seconds-/minutes lasting "empty" spikes that bounce back to the trigger line immediately. It bounced off everywhere today, whether it was 499, 502, 505 or 510p.

Of course everyone should decide for themselves how far he or she wants to lean out of the window and grab some cheap shares. Or wait until 500ish is fully established.

- Today new bullrun only if 505 are climbed.
- If the Sp holds 499 at the closing, this will alert ii's who would then create the sea of blue in the next days.
Good things take time.