Member Info for OsakiSushi

Daft name and daft story. Just a few yards away from the cliched snow covered bridge in Vail, Colorado where my wife and I got married , there was a sushi joint called Osaki. Latterly, I once desgned a press for making sushi logs and called it the Osaki Sushi press - available in all good retailers... <grin> Well, a few specialist places sell 'em. Now that's out of the way. wtf is happening with the banks?. It has been weird watching the market as a whole coming up but the banking sector hasn't. I do have a theory that we are about to see the mining sector relax and the banking sector advance, thus keeping the FTSE up at safe levels. Charting logic suggests that XTA still needs to visit (from memory) 1046 whereas LLOY only needs to drop to around 64p (from memory) I will admit to taking some BARC this morning one the vague basis that it has bottomed - could be very wrong but if I see it go over 279 in the next few days, you will hear a huge sigh of relief from here. My initial target is 300 though may hold through that level if I am happy at the way the market is feeling. Sorry for the delay in replying. I know better than to run analysis or trade when I'm on stupid quantities of pills every day (17 - but the course ends tomorrow) My daughter is visiting for a few days and seems quite dissapointed that I don't look even slightly ill!

Thing lot were flagged tonight in my end of day. Long story short, if it closes above 8.25 in the next month, it's going to 12p fairly quickly. And if it closes below 7.5, it ain't - though I suspect the warning signal will be an intraday spike below that level, carrying the suggestion it's about to go up within days. As for the market itself, it's not playing by the rules I notice. It broke its uptrend from Sep 8th on Oct 26th, has broken below and repeatedly tested the upper trendline. Today, it broke through that trendline and closed above it. This chart signal is generally a warning that a short position is about to go very wrong when viewed intraday and what that means for the market in general is that I'd expect it to go up. If the FTSE goes below 5755 tomorrow, the foregoing statement may be proven wrong. Otherwise, I will not be surprised to see 5800 tested and beaten.

Now, I'd consider being careful. Any breach of 192 carries a degree of risk and 183 would confirm it is in retrace mode. (figures valid for the next couple of days only) It has done the 45% thing above the MA I mentioned and the degree of fallback requires watched fairly closely.

28.5 needs tested sometime in the next 18 days before any CAZA rises will stick. No logic, just a number I plucked from thin air <grin> To my eye, the movement up on the 29th Sept is to blame.

That's me finished my homework and I've uploaded three charts as examples. Essentially, when the upper trend line is broken, that's my BUY signal but there are a few caveats as I always keep an eye on the bigger picture. Chart One : http://i929.photobucket.com/albums/ad133/osakisushi/charts/UKX_intraday.jpg shows my reasoning for a quick long position on the FTSE in the closing minutes to take a couple of points. Chart Two: http://i929.photobucket.com/albums/ad133/osakisushi/charts/UKX_3Months.jpg is the reason why the market was down today. The FTSE has brokens its uptrend for the last two months and is PROBABLY in a relaxing phase, so I'm going to be very careful in taking profits on long positions while they are there. Chart Three http://i929.photobucket.com/albums/ad133/osakisushi/charts/UKX_3yrs.jpg This is the dodgy one. As can be seen, the FTSE broke through its 3 year downtrend and has now fallen back to test the downtrend line. The next few days will signal direction. If that encompassing circle is broken, there is a very high probability of a superb end to the year. If it is not broken, both of the lower red trendlines will be tested within the next week or so and we're going to be able to apply the arithmetic for a double top which is not terribly comforting. Looking at the FTSE in 4 days, 15 minute mode tells me if we see above 5664 in the first hour tomorrow, there is a pretty good chance of having an up day BUT the best I am expecting is it to test the trendbreak on the 3 month chart, then further falls. We shall know tomorrow! Oh, and if you scroll to the final image in Photobucket, that sunset was actually a couple of evenings ago. Then it poured!

Funny you found BabyPips. I first read her site in 2009 and whilst I thought I understood it, I didn't. Re-read the link you posted and yes, it all makes perfect sense now!. I tend to ignore pivots etc and concentrate on high and low trend analysis, looking for the price to break either and take advantage of the immediate movements following the trend change. For instance, today has been great fun on the FTSE as it broke its up trend since Oct 11th and thus made for great short opportunities. The rules which apply to 5 years/monthly with trend lines also apply intraday in one minute mode though I look for that sweet spot where a major long term trend is being broken intraday. There are a few quite decent discussions on ADVFN about it, though 98% of the posters are in the position I was around a year ago when I thought I knew what I was doing. <grin>

26.5p or thereabouts. I bought some on Friday and have set a sell order at 26p within the next 30 days. Do me a favour and Private Message me if it goes volatile upwards as I perhaps should keep an eye on them. Only bought a few as a bit of a punt, so RPT are not on my main intraday screen.

I almost feel guilty for pointing out the 437 issue. What is really annoying me is that it has not fallen to 410 tho' as there is a serious risk that unless that number is tested, perhaps breached by 10p, any rises above 437 will not stick. I was talking the analysis through with my wife on the ferry yesterday (sad, innit) and we've decided to exersize some patience with BP and see if the 410 thing happens. Our position is that if it is tested, we're going to go in quite heavily once it starts to recover as the next stop is around 5 quid. We're taking a similar stance with Lloyds. There are quite a few 'volatile' FTSE's which are not going to go higher until they fall back a bit. No idea why though but trend logic tends to be pretty accurate.

Just re-read what I wrote in Sept. I do not think I've ever been quite so concise in targeting movement. It's now in an all new ball game and essentially (bad RNS's notwithstanding) you can forget everything that has happened over the last two years. I show a mid-term target of 294 THOUGH do expect it to relax soon to around 190 before the next pulse upwards. A duff company announcement will void all that - to my eye. Usual caveats apply! And thanks for reminding me of this 'un.

Wee DAN is getting very close to illogical breakout so perhaps worth keeping an eye on.

Bit of an oh dear moment with Llotds. It has just given my favourite signals for going short on a stock. Initial target is around 66p though I may be greedy and hold out for a logical 63.5 cycle bottom. The better news is that it's going up when these numbers are attained and it should be quite a fast spike. Obviously, could be wrong as there is a chance it may retest its up trend since July and it is a political share. But I'm going to open a short position tomorrow morning. The above will probably occur in the coming week. If it doesn't, it's all rubbish. As for XTA, I've a position open until 1150 as it seems to be relaxing also. The big caveat is that I am finding it exceedingly difficult to map overall market trends currently. Generally, when that happens, things get volatile suddenly but in which direction? I'm guessing down but as I said earlier today, the FTSE seems to becoming more independant of the DOW.

I think I mentioned this a few weeks ago as looking ready to move. Unfortunately, I didn't pay attention to it and it appears to have achieved breakout. For it to stick (which looks likely) it would be best for it not to drop below 1.5 in the coming days, though 1.44 could be the point from which it will abruptly spike upwards. Thanks for asking. Obviously, usual caveats apply! Good luck.

It has the potential to give another 65p above its current share price within the very near future. The golden cross nonsense occured back in April - it generally does give a pretty good indication of direction as you've noticed in the intervening months. Chartwise, I cannot see anything dangerous at present but it has tended to spike as much as 45% ABOVE its 40 day moving average which is providing support currently. Good luck.

This looks doomed. Then again, it may not be as it was flagged up with a chart alert tonight. Warning signal first. Any trades below 9.32 in coming days would be very very bad. From glancing at its chart, looks like there was a very literal treeshake on Oct 12 and it has been recovering nicely sinces. Trades above 12.32 will suggest 12.67 needs breached and if 12.67 is breached, initial target is around 14.04 though it may peak toward 16.25. It does look ready to bounce though may test the 9 day MA again. As for the market in general, I virtually give up. Finding it very hard to justify the lack of logic occuring. The DOW somehow avoided tanking and behaved virtually independantly of the FTSE this afternoon which is quite unusual. If anyone is into spreads, if the DOW breaches 11155, the new target becomes 11400 which is just nuts. Logic for the FTSE suggests if 5733 is breached tomorrow in the first hour, it's going to be an up day. If at any point on the day 5751 is breached, it's going to go mental! And if 5696 is breached in the first hour, it's a down day. Slightly knackered today. As the weather was good, I spent several hours cutting logs and splitting them, finally picking them up from the garden. Both dogs felt it encumbent to steal every other log from my pile and dump them on the grass. 'Twas more fun than watching TW. having death rattles - though DES did something similar on Friday and has recovered nicely.

This AIM flagged up as becoming interesting. From glancing at its chart, I'd expect it to relax to around 2.9 before the next up movement and the suggestion is that it could be quite powerful. However, any trades below 2.55 and forget it! Initial target is around 6p. As for the market itself, signs are that the FTSE is now coming off its highs. Today was thoroughly messy and the DOW seems to be relaxing quite thoroughly. For a while this evening, I thought I was about to witness another flash crash. This is not a joke. Has anyone been having really bad dreams about the stock market recently? I was talking to a couple of traders who've independently been experiencing nightmares about the market. One of them decided he'd open a raft of short positions this morning after his night of red dreams and did rather well out of it. The other guy hadn't traded at all today.

Software flagged this up as interesting, perhaps very interesting. There have been strange price movements recently and its 5 year chart is messy but I'm showing a potential bounce to 3x current share price. Never seen one like this. To my eye, if the SELL exceeds 2.53, it's going to spike. And that's where I stuffed myself with JLP. I always comment with the caveat that if trades go through in excess of xyz but what I should really be saying is if the SELL price exceeds xyz. I may ditch JLP as I'm fed up being a passenger in AIM's - though greed and the sound investment principle, HOPE, may keep me involved. As for VIY... it's raining soup but the investors are starving. A couple of days prior to their AGM, they issue a super duper RNS which effectively does nothing, due to their policy of keeping the SP low. But it does mean at the AGM, they can do Arthur Dailey hush hush wink wink motions to field awkward questions. And as for TAN, it actually has broken its long term downtrend and is propably ascending. Maybe worth watching with an initial target of 27p or so. Software tells me Tuesday is going to be an UP day. Not entirely convinced - above 5683 on the FTSE and yes, prob right in the opening hour. 5665 suggests it's going to be down for a while and 5640 would suggest really down. I'm going to be posting sporadically for the next wee while due to some personal stuff, so folks, keep Premium busy.

I notice a problem at 437.05 on BP. If the current uptrend is to continue, it must breach that number fairly soon. If it fails to do so, 410 is calling.

I cannot believe I spelt Grendle as Gredle. Step forward, Victor Meldrew, the ultimate grandfather... <grin>

Any trades above 35,73 today will do it and 35.69 tomorrow.

Surely likes like one which would give a target of around 170 using H&S logic. I'd used the growth curve from May to the break point which supplied 173. Once these targets are achieved, it will relax a bit. See what you meant about the volumes today. The study is solid green. I use my trendline logic to set the trigger points and think I tend to be right rather more often than I'm wrong. Careful with the chart master stuff. I screwed up today about as royally as one could on a particular stock - bailed GEM knowing it would not get past 7p. And went on to win the duh award, just as I did with CNR last week. I really don't trust small AIM breakouts though as hesitate and become a long term investor.