Member Info for Chartist2

Nicely crossing 500p.
Sp managed to cut through 497.50 and is even holding well above that. All former lines are still nicely confirmed.
All is good as long as 495 and at least 491 are maintained.

Bottled, In my entire life I have not placed a bet. Not in private and especially not in those betting parlours that have spilled over to us from the UK. But I do buy EuroMillions from time to time:))

If the roadmap above doesn't work?? Then, my friend, I will sell all my current positions.
I'm not betting.

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"...this board has become a cheap bookie parlour." Bottled.

"smallish" :))
Expect to cut through 500p in a few minutes.

The Sp usually struggles at 497.50-498.00 and needs to establish this firmly. The last remaining sellers are washed out (look at the trades, and you also notice some large sellers all morning).

The mentioned slammish barrier (497.50) is now being approached. Looks like its about to cut through the upper barrier in the next minutes!

Very nice and stable rebound, even touching the higher 490's! I think we can expect much more, because the US market also sees a TA recovery with bargain buyers.

- Very positive sign if this can establish 495 as the new platform
- Next bullrun in my opinion when 497.50 are climbed
- Long term buy remains at 504
- Safe to hold for me as long as 492 is maintained (max 491p)
No advice meant of course.

(George, usually I place one buy or sell on automatic and let it fill. But then, due to the high risks first 30 min trading I wait and place several more trades manually - only if the trend is confirmed. Sometimes it isn't. My AT buy from Wednesday was not confirmed on Thursday. On the contrary. The stoploss kicked in shortly after. Moreover I avoided to place any further buys that day.)

Yes, Georges, three slices bought above 491 / 492 and 496p. Like said, for now KAZ sees a technical rebound.
The next mid term trigger will come when 504 is breached.

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- Its safe to hold as long as 462 intact (if breached, then push to 455 and 435)
- First positive sign if 484 regained
- Short term buy for me when 491 touched
- New long term buy when 504 established

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"Due to the continued horse Commentary from our Swiss rhymes with banker, this board has become a cheap bookie parlour. Outside very few comments from some other sound individuals. If not expelled myself. Tatty Bye." Bottled

A plus! That's outstanding personal abuse, Bottled. And I did not expect that from you, being a LTH and probably 30 years older than me, if you really are 69 :))
Anyway, no hard feelings, and do as you please!

(Ohh, only bullish investors are allowed on here? That's too bad, Bottled!)

"We look at this as a buying opportunity," said Dryden Pence, chief investment officer at Pence Wealth Management. "I would have my shopping cart out here." "The question is whether the market bounces off a 5 percent or a 10 percent drop," he said. "I think we're going to bounce around here for a while." Sums it up for me: https://www.cnbc.com/2018/10/11/us-markets-focus-on-wall-street-rout-as-it-batters-global-markets.html

Thats a good one! - First sign of new life when 552 climbed. - New long term buy if 563 regained

Thats a good sum-up, lemmink. @George, I don't think this is "the big one". The market wobble is too close to the mid term elections on 4th Nov. IMO Trumpton is merely provoking a little showdon with the Fed i.o. to show american voters that he is trying to help them... Another thing thats missing: An extraordinary global event. The current rate hike may be a little party pooper, but in my opinion it has limited effects. Expect the big crash in one or teo years to come. UBS just posted they expect another year of bullrun. Lets see.

Roadmap: http://m.lse.co.uk/markets/shareprice/charts.asp?share=KAZ Wednesday night we said that 482 had to be maintained, or else...After an initial selloff, the Sp was quickly bought back today. This usually shows a positive change in trend. - Its safe to hold as long as 462 intact (if breached, then push to 455 and 435) - First positive sign if 484 regained - Short term buy for me when 491 touched - New long term buy when 504 established Always DYOR!

Cnbc writes some of the US lenders have got under pressure. This could have put another load on PFG.

IMO the SP still holding up well in the 540's and unbothered anyway.

...and 477p.
About to close there.

Very good for now!

The bounce at the upper wall continued for now.
Market about to close.
It will be a very good sign if this closes above 475-477 !

Keep an eye on the opening tomorrow, in case of a TA rebound rally, after a too steep and too fast selloff IMO.

Sp still trying to push above 480ish, and one or the other punter might be taking a look now. I for one still need to maintain discipline and will gladly pay the required premium as from 489 and 492.
Whatever price that is needed, as long as it confirms a sure thing rise or at least a stable sideways. What you pay is what you get (especially when buying cheap).

The 460's retracement target has worked very well today.

...481p, not bad! That's a nice small breakout attempt. While the price keeps bouncing, lets give them a fair chance and see if it creates a stable sideways.

- Good sign if the Sp holds at least 471 from here
- The vital 462 has already been mentioned; holding the September uptrend
- First positive signal if 482 regained today

Placing buys now at 489 and 492 and see if they trigger.

Rebound rally tomorrow? Its best to keep a close eye on the price movement because every share makes a technical rebound from time to time.

But lets not overrate those. The only pattern you can tell for sure is the instant 100k seller once that 10p has slightly been climbed.
Like many have posted, everything is connected with the main market wobble. If you took a hit with bluechips, then you want to de-risk elsewhere.

At the moment a "hold" IMO.

Sp with one last chance now to stabilize 9.10 - 8.85p.

All in all I think its still a decent recovery so far, never mind the inability of KAZ to regain any of the former buy triggers above 482.

Bargain hunt? Hmmm, lets first see how the global selloff continues. All probably depends on the amounts invested.
I for one am not willing to give them more than 10p drop, with a substantial holding. And instead of bargain huntin I prefer to work with AT buys that trigger during a rebound. There could be many reasons ahead, positive company RNS etc.

@Georges,
Happy to see the sudden upside breakout at Fresnillo this lunchtime! Nice new stable trend as from now if the newly gained 825p will be maintained.

...and 474 and 476p, with the Sp making more and more attempts to stabilize. And even try to climb the former sell triggers. But IMO its still best to wait for the US markets to open.

Good news: The newly created uptrend that started in first week September (from 435 and 462) remains fully intact. LTHs who did not bother to sell, are safe to hold as long as the 462 support is maintained.
Just an opinion. Each to their own strategy!

I for one am adjusting the AT buys once again, in case of a sudden rebound.

With the Sp touching several lows now, lets see if this can build a valid bottom in the 460ish region. New positive sign only if 475 is regained. Sp still bouncing away from all newly created walls.

Like said before: Its not that important to know where the bottom is. Let the market define the bottom.
The only thing that counts, in my opinion, is to know if a share holds a valid bearish alert. One that has even been confirmed on several occasions.
551
526
515
510
504
494
Each to his own, if he or she likes to hold on.
My loyalty to public listed stock companies does not reach that far.

Safe to hold IMO as long as the 9.30 support is maintained. The main market wobble has spilled over to smallcap shares...
Well then!