Member Info for OsakiSushi

Moosh highlighted SER this morning and I’ve taken a while to have a good look at it. There is a risk of it falling back to around 1.8 BUT there is short term potential of 2.75 From a charty viewpoint, it may hit 2.41p before falling back, it may do it today or it may not do it at all. But I am pretty confident of the 2.75p thing within the next month or so. Which brings in another problem, ‘cos that is exactly where the downtrend line of the last 5 years is. If that line is breached, a whole new ballgame becons. I’m going to buy one or two as it looks to be a share which has double bottomed, done part of a W, breached the neckline, and exceeded the Keltners and is thus one which is a safe punt. Unless it all goes wrong with an oops RNS. And Moosh likes it too. I think most of the boxes are therefore ticked. I am going to speculate on this ‘un and leave it running. As for the FTSE itself, the tripline at 5952 or thereabouts remains intact and oddly, I still regard the market as going up despite the downward trend. This daft statement is because long positions work whereas short positions don’t. I mentioned the other day I’d applied for my dream job. Long story short, I did not get it. I did have a very expensive lunch earlier in the week with the folk who interviewed me as they were anxious to remains friendly. In my really odd life, probably the most bizarre event possible. In fairness to the guys, all they wanted was someone to fill in forms and I hit them with a comprehensive strategy to reform the local trading area and ultimately bring England to its knees and plead to become part of the new empire. <really big grin>

Was watching RRL today and had a couple of duh moments. It's broken above its uptrend which is a bit of a game changer. Logically, I would not expect it to relax - at some point - the test the break point of 10.6, then do a buzz lightyear. I would guess there has been some sort of RNS as there's no way to chart what's coming next with any confidence.

I’ve been charting ULT tonight. It broken it’s three year downtrend today and closed above the crucial 0.71p If it stays above it tomorrow, 1.1p looks distinctly possible short term. No idea who they are or what they do.

I would suggest you do it. I have found my charting of epics has improved manyfold since I started playing the indices as exactly the same logic applies. Though for the FTSE, there is never an RNS - just Paxman, Cameron, Al Queda, Obama, the Non Farm Payrolls, and whatever else takes the MM's fancy. My current BIG concern is Mandella and how SA will react when he's gone as one or two of the major miners have big holes in the ground in SA.

Not much to say here really. There is an excellent chance of it retesting 5.5p then relaxing to 2.4p or so. The however is that if they exceed 5.5p, it's going nicely higher. According to chart logic anyway. Quite a tough one to work out as it can only be charted for 10 months or so.

Kudos for SRT. My wife berated me for not buying a couple on the dip yesterday... She also slated me for selling CW. today at 78p then went huffy when it fell back. I'm looking at re-entry around 72 for the next cycle to 82. Took a hard look at the FTSE and to my eye there seems to be a couple of critical levels currently. If 5947 is breached, even for a moment, that is a signal the market is going to come down fast. The however is a short term target of 6230 and mid term of just over 6500. I know the doomsters are predicting a nasty crash but whilst the market has been trending down since Jan 4th, it is still bullish. I'm favoring long positions until I see that 5947 breached, so only buying on dips. And also wondering whether YELL is about to deliver the final coup de grace. Think we shall know on Monday as that was either a nasty treeshake in the last seconds tonight or a death rattle.

GBP has had a dangerous gap up which concerns me. BUT... if I see bid at 14.25 in the next few days, would be interested as it's a nice chart. Otherwise, it may do another couple of up days, then a gotcha moment. UEN looks nice with a 23.94p target. ZOX looks sane for 60.2 GAL has best guess at 5p. LND I would expect a retrace to the 17's before movement to 23p And the chart logic applied is the same logic which stuffed me tonight on DJI. I am increasingly being drawn to the theory that American logic is not the same as UK logic. All kidding aside, it is really odd that once one firms up a set of rules, the game changes.

SRT looks like it's poised. WHL I ran a study on and couldn't figure out what to do. So did nothing. I meant to show off and answer your message at 8am but got too excited about the direction of the FTSE. Sorry. Looks like if the FTSE breaches 6008 in the first hour today, it's going to be a goody.

And if the FTSE continues with this strength, the ultimate target before significat retrace is an astounding 6224. Which I doubt.

So, I smugly bailed in profit at 25.25, knowing it 'could' go to 28 but feeling it would be safer to protect the profit. Duh moment. It has outperformed my chart logic, so who knows what's happening next. Took a bit of a look at JJB as I suspect they are due a sort of dead cat bounce. I've pencilled 8p as a viable target. As for the market itself, as long as the FTSE does not go under 5930 on Wednesday, I've a logical climb now to 6043 before retrace. Though I remain aware the Chinese New Year is over and done with at the end of this week, so things could turn quickly. Oh, if it does go under 5930, I've 5840 marked as the next bit. Strange days. Wonder when the banks are going to get their turn at the pump.

Having been stuffed with HAWK - which is still failing to show signs of recovery, todays little red gift of -64.5% from ASM has reminded me why I stopped playing with AIMs in the first place. When they suck, they really suck. Was quite glad the FTSE did not close below 5848 today. For Tuesday any move above 5879 will carry the suggestion that 5946 is possible within the next couple of days. If it drops below 5848, 5800 becomes the next logical point. Guess it all depends on Egypt. I bailed CAD today at 25.25 to howls of outrage from a friend who recons 40p is viable. I decided to pocket the profit whilst it was there. One thing I did today was open a new share dealing account with SimplyStockbroking. The flat £8 transaction fee will make playing with volatiles less risky I think.

Twisting in the wind with Scotgold. It has doubled in price since I bought and I'm now agonising as to whether to sell, buy more, or just hold and see. I 'know' the price will enhance once/if the planning permission is granted for their tailings dam... Guess that's why we call this speculation. As for the market itself, the FTSE has been trending down since 6th January and generally - from a chart perspective - I find these downtrends suddenly translate into a horror story. A smidgen above 6072 tomorrow will relax me somewhat but from its current behaviour, I would guess we're due a major panic crisis of some sort. If the FTSE closes below 5940 tomorrow, I would suspect the next panic is goes to be announced over the weekend. I notice CHAR achieved mid-term target today and expect there will some relaxation - unless the movement has been something to do with an RNS. CHAR has been a weird one to play with as it has tended to conform rather precisely with the rules. Oh well, another Friday, another clueless day. We're on the edge of the chinese new year, so I do expect THEM to do something.

Most Premium members click the Share Chat Tab at the top of the screen, then click Premium Chat. That will show every share which is being commented on. And thanks for taking the time to post. On RRL, I'd be fairly confident projecting a movement upwards of 2.6p before the next relaxation. The however is that the 2.6p would be applied at the point where the share price breaks the downtrend from Jan 17th. My gut is that the price may relax to around 8p, then move up to 10.6. Regardless, I would not be inclined to get involved until I see the price break through that downtrend line - the line created by mapping the HIGHS of the day over the last three days. I'm still grumbling that I ignored the fall in the FTSE over the last two days due to a solid sulk. I'd seen the fall coming, taken a position and when 'they' moved the futures to an illogical high, I bailed at a loss. That high at 6079 was 2 points above my bail position. When I get it wrong, I do it right...

My data run tonight suggests Thursday is going to be a goody. Who knows, it may be correct. Something really strange has happened with the markets over the last three days. Generally, the DOW follows the FTSE BUT there is a lag of minutes. Over the last wee while, this lag has become a full day behind. And the FTSE is being manipulated so obviously it makes X Factor judging look positively amatuerish (spello)... Scotgold (SGZ) have issued a couple of interesting RNS's this week. Logically, paying close attention to their Monday RNS, I expect the share price to head to the dizzy high of 22p but given the fabled Irish gold mine share movement, a rise may be rather higher before all the gullibles get stuffed. Or it may not rise. I have not invested substantial funds but treated it as a punt. VIY should relax a tad more prior to a substantial movement, simply due to the gap in the charts and LLOY bothers me with the gap at 64.5p. As does Barc with its low end gap at 267. The Chinese New Year reminder was flagged up tonight. There seems to be a tradition that China stuffs the west just prior to their new year, so I'm being cautious with indice trades. Especially as the FTSE has a Xmas gap.

ENK was flagged up tonight with my favourite three day warning. Obviously, it has a logical target of 30.75 and beyond such, I don't know. This is a funny share. It was the first AIM I made a decent amount of money on, bought entirely (sorry GedW) because I was daft enough to think that as GedW mentioned a share, it would make a spectacular return. It actually did. However, my rather old habit of following posters also taught me a few lessons and nowadays, I make my own mind up. And still get it wrong, though rather less often. Still got a soft spot for ENK but won't touch it until I see a candle grazing the top of a 30 period Keltner band. I've often grouched about the last 30 minutes of the day being untradable but today (Thursday) drove me mad. The FTSE defied all logic as shares were tweaked down in the closing half hour whilst the DJI ran free in comparison. Until 4pm, every logical indicator suggested the FTSE would target 6033 but the powers that be decided "nope". Given that I achieved 73 points profit on a market that had only moved by 50 points, I was spitting feathers. Of course, after hours trade moved the FTSE to 6023 and the futures achieved target which meant I was stuck at my computer when I should have been watching the scottish team getting thrashed on BBC2 Eggheads. <grin> Anyway, software says Friday is UP which means if 'they' open the market up by a daft amount, I'm going to spend the day cutting logs as the indices will be untradeable. I'm going to have sporadic access to the internet for the next week, so anyone else feel free to post on Premium.

Moosh, I ditched L2 some months ago as I find trendlines easier to read and actually quite safe for picking volatile highs when I remember to draw them. Ditched TW. at it's high, AFE also. But forgot with Barc...

This 'un was the tiddler flagged up tonight. From looking at its chart, I do not know why but I'll give it 'till the end of January before jumping ship. 'Twas interesting ARC did quite nicely today. I will admit to bailing at 60% up on the basis that profit is profit, I'd entered entirely on my softwares track record rather than any charting perspective, and actually cannot even recall the companies name or even what sector they are in. Hopefully EFD or VAL do something similar in the next few days, especially as I liked the look of EFD's drop today. They've either swallowed my money or I bought on a pre-rise treeshake. On the market in general, nothing particularly alarming and I notice the media are working to keep the financials down. Peston was #2 on the news tonight slating Lloyds. From what I see, the market should open up again tomorrow led by the financials. From glancing at BARC's chart, I notice it has been gapped up twice recently which would alarm me if I hadn't already sold my 5,000 shares at rather less than current... <sickly grin> Today, I decided the market was boring and went for a wander up in the hills (hunting dead trees for my fire) and noticed things had changed when I came down from the mountain. 2pm seemed to be a bit of a watershed. Software is suggesting Flat to Low down for Thursday. I think it'll open a wee bit up, then droop.. . . . . Guess I shall know in a few hours.

I was having problems and ended up ditching AVG anti-virus and switched to Avast.

Something seems to be brewing here as recent transactions flagged this up as becoming of interest. From looking at their chart, I think I may avoid it. Friday is looking to be a good day for the financial sector with Lloy and RBS worthy of mention.

My first post of the new year and congratulations to BM for being the first premium poster of 2011 and winning the fabled £5000 prize from LSE. <grin> This mob are skating the edge of a chart breakout with trades above 12.5p in the next few days bringing the suggestion that a climbing cycle toward 34p is possible. I am not going to take some just yet as there is a possibility of it relaxing toward 11p before the big push. Might be wrong but the charts don't show a typical treeshake as having happened which I would expect to see before anything substantial. VIY has finally had its treeshake (sortoff) and has taken off. I also notice my comments prior to the new year about the FTSE were quite correct. It might all go wrong by the end of this week though if the US issues duff job numbers.