Member Info for OsakiSushi

I've a 'Sell' alert for Barrat (and TW.) but I suspect both are fakes. Both TW and Barrat had intraday lows lower than yesterday yet their SP closed up on yesterdays close. When a stock has a high RSI, that's a really big warning bell of a retrace rather than standard fluctuation. The however comes from the fact both share very low RSI's and I noticed TW. actually broke through its short term declining trend line - hence the move from 2% up to nearly 4% I think this is going to be one of the occasions where the formula is spectacularly wrong. If BDEV twitches above 106 Friday, it is going to have a strong day. Software says market open tomorrow is going to be flat. From what I see, I suspect the same though we should still see some more volatility in the major mines. RBS might also get quite lively. Was amused (NOT) when it broke the trading channel at lunchtime, exactly as I'd warned. The lack of amusement was that I was plastering and not paying attention to the market so missed the sell point and became a passenger... As for the subject line, I installed one of these restuarant kitchen type fly killers in my office. Two purple tubes which zap unwary flys. And gave me the fright of my life 15 minutes ago when a moth flew into it and exploded in sizzles and flames. And did I mention the smell?

27.4 declining to 27.2 by end of day. If TW. exceeds these, it's going to have broken this downtrend finally. The bottom line is less pleasant. 25.6 rising to 26.3 by end of day. If TW drops below these, it's remaining in the downtrend. Both paths merge by the end of the week - if it does not break upwards by Friday afternoon, I'm going to take a hit. Another important thing was that Wednesday had more folks posting in Prem. I somewhat detest seeing my moniker as being IT for any day so thanks folks. Only one capsize tonight on the water and the two lads recovered okay after a bit of a struggle. After the calamity of two weeks ago with a broken masted yacht, it was easier not having the AirSea Rescue Helicopter monitoring overhead.

Managed to actually run my market analysis before rushing out for a change. BP popped to the top of the lists with a sell alert which surprised me. This was the same software which insisted the trend for today was "Flat to low downward" From glancing at BP's chart, as long as 392 isn't breaching in the first hour or so, I don't see a huge danger. And is 400 is exceeded in the first hour, it's going to have a lively day. Software says Flat for Thursday which may wrong. KAZ and XTA both broke their downward trend for the last three months and may well celebrate with another lively day. The mining sector as a whole still has not broken the downtrend though - from memory, the indice had to exceed 20010 or so today and it's got quite a few hundred points to go yet. And finally, I was sitting looking at VIY's chart once the market closed. If it were any other share (rather than 'mine') I would anticipate getting involved tomorrow if there were even a hint of upward movement.

Unfortunately I've got my fair share of AIM 'bankers' but decided it was safer to go with the market rather than always looking for something which would buck the ruling trend, hence my fascination with the FTSE. I will admit that I prefer FTSE 250 stocks for day trades as they are just that bit more volatile (at least some are) than most FTSE 100's. We 'nearly' opted to buy one of these log cabins as a permanent residence - then changed our minds. Augusts project is to build a log cabin up at the treeline in the garden as guest quarters / big office.

Well, at least you're now reading this! A comment wouldn't go adrift. Cobhams was one of the few FTSE's to be mentioned after a pretty dreadful day on the market. I've had a look at its chart and would expect a wee rewind to perhaps 232 tomorrow them the potential for a spike toward the 240's or higher. Software suggests the ruling market trend at open is flat to very low downward pressure which I think is going to be wrong. I'd expect the FTSE to actually open a wee bit up judging by the movements in the final 30 minutes today. Interesting TW. took another drubbing yet didn't break the critical 24 level. UKC did something similar just prior to a takeover announcement which came to nothing and the SP has been getting skelped since. Today, I removed a spider from the boiler room. That allowed my wife to clear out an entire bedroom which had been used as storage space. Then I got to clear everything out from the boiler room as I felt it unsafe to have the boiler under a pile of boxes... And tonight, I've been fitting a new consumer unit. I've decided electricians deserve sympathy as 10mm cable is a sod to work with. <grin>

128.5. If it drops below that at any point intraday Monday, I'd suggest bailing once the initial dip recovers. The upper line suggests 171 which is going to be unlikely given the UK will probably open around 1% down. Formula suggests "Flat to VERY LOW downward pressure" for Monday which logically is utter rubbish. My fear is that when the UK opens down, a sell off may occur which could gather some strength and get silly. Of course, the UK could open UP and befuddle things but I would most emphatically not go long on the FTSE. The up side is we decided not to work on the house today as the weather improved by lunchtime. Friends appeared and like the market, the immediate trend was wrong. We had Pinacollada's and something called Brothers Toffee Apple Cider all afternoon... To paraphrase Moosh, woooooo. Right, I've talked about home improvements, dogs, boating, and now ponsie booze along with numerous and varied stocks. What do I have to do to get anyone to comment? Admin tell me my rumblings are read daily but surely something must think, "This guy is wrong / drunk / asleep / ... or Scottish?" Oh, one of my chums - my best man rather a few years ago - owns an island called Margahrita somewhere in the Carribean area. He's never visited but tells me it's nice. <grin>

CRX broke its long term downward trend a few days ago and performed in accordance with charting rules. The movement today bodes well - I think.

Wish the weather was performing as well as the markets. TW. popped up as being of interest tomorrow and thursday. It broke below its lower support during the decline but is on the verge of breaking back through. Software suggests for the market overall that tomorrow will start 'Flat to Low Downward Pressure' and as none of the major miners have yet broken through the long term decline trend, that may well be the case. If XTA manages to approach 10 quid in the next few days, that's the miners joining the banks and insurers as having broken trend.

Desire posted a weird signal this morning suggesting a possible retrace alert and caution. However, the market has finally broken it's three month downward trend - which simply suggests we've seen bottom and a new trend will be established. The trend break, while not significantly large, is the signal I use to go long on a share and is rarely wrong, giving the possibility of some strong movement upward before the trendline is retested.

MRW popped up as a viable in my end of day lists tonight - one of two FTSE 100's to break trading channel. I'd like to go on record as saying I cannot stand the company, both because it was the only share I took a loss on in 2009 and also, they've an appalling stock of gluten free foods. Looking at its chart, I suppose a bounce up to mid 290's is possible though I'd expect the best it will do is 287 Friday - assuming the market goes up. Which is won't 'cos my formula says flat to very low downward pressure. But tomorrow is Friday so the formula will be wrong. The downward trading channel of the FTSE still has not been broken and unless the FTSE exceeds 5156 or 5159.8 (calculated number from close movements) tomorrow, I will remain miserable and grumpy. Joking aside, rather a few shares are showing some fairly high short term RSI numbers along with maxed out stochastics which suggests a down day is imminent. And now, I'm going to fit a bathroom sink.

This movement conforms to no logic so I guess we're about to see the start of an upward drive... Or not. Nice day on the FTSE but it remains still within the downward channel. The magic number today to beat is 5176 and tomorrow an attainable 5156 which would signal the end of the downward trend.

I'm getting something wrong with my trending theory. SSE dropped further than it should have. But didn't go as high either which was maybe ok. I've noticed a few stocks doing double intraday spikes recently, both movements breaking logic. Once I finish worrying about this sodding house, I'll pay some attention to the parameters I've emplaced but remain concerned. I understand my inability to plan for Fridays and Mondays. But these sort of movements are telling me something which is going to become obvious over time but totally escape at present. I've a FIRM RULE never to trade between 2:30 and 3:00 as the entire market breaks logic whilst the US and the UK attempt to sync. The sort of daft logic breaks being seen on various shares outwith these hours bothers me quite a lot and I turn into a sort of 'we are all doomed' mode. Part of that comes from high speed motorcycles. If you are travelling safely and making progress, you only look for dangers or things which don't fit which may become a danger. Illogical market movements are therefore viewed as potential threats. On topic, (grin) I once bought one of these daft chairs and hated it. I'd a theory that with a wireless keyboard and integrated rollerball mouse, I could slum it with a whisky and rule the galaxy. Didn't work out too well as I tend to also pace a lot when chasing an idea but there's no quick and dignified way to get out of one. Plus - unless you play slide guitar - you can't hold a guitar properly. I think they are designed for people who are blessed with the ability to veg out and watch telly. Did catch your post before the bell this morning but have a rule never to post on LSE when sober. Or awake. <grin>

AZN popped out amongst the rest of the FTSE 100 at close tonight as being viable for a week spike over the next few days. From glancing at its chart, as lone as the price does not dip below 3102 Thursday, it's on track for a move toward 3300 within the next few days, Software suggests tomorrow as an UP day. Can't remember the last "All Profit Thursday" I saw, so it would be a pleasant change. And today, I hung an elephant. My wife collects them and I'd to hang her heavy wooden one on the wall. So I did! Installing solar lights in the garden doesn't really count as work though I ventured into the forest to recce the area for 'dog friendly' terrain. Discovered we've a waterfall and several deep gullies to be securely fenced this weekend. Why did we move house?

No idea what the market is going to do Monday and neither does my software - it says "flat to low down". Anyone reading this drivel will appreciate my algo is ALWAYS WRONG at the start and end of week. The short term downward spiral of the FTSE WAS BROKEN on Friday by about 4 points which is not significant. However, the low on Friday was not as low as the low of Thursday by 16 points which is not confirmatory or thrilling either. To try and predict what I intend to do Monday (aside from fitting new skirting and cable conduit in my new lounge) I've looked at the mining sector and there is a suggestion we're going to see the market opening fairly flat, doing a morning dip and recovering quite strongly in the afternoon (for which we shall thank the DOW for some reason). Given the predominance of the mining sector in the FTSE, this "THEORETICAL" movement should bring the whole market up by a wee bit. Essentially, the above means I shall NOT risk shorting anything Monday or indeed doing anything except puting in skirting board and conduit. Whilst last weeks dip below the long term trend SHOULD suggest the market is going down further, the movements on Friday gave a very slight contradictory note which might be underlined Monday afternoon. Confused? Me too. Bet the volumes are rubbish this week.

Software says an 'UP DAY' initially on the FTSE on Wednesday. I notice same software suggested staying in bed this morning which was probably right. I'm a bit confused. Today, the downtrend of the last few sessions was broken BUT the longer term support was also broken. No idea what it means and will be moving (consolidating) the final house tomorrow and thursday, so don't really care. Once we finally have a single house we can call home, I'll pay some attention. A worry comes from YELL. It did similar stuff over the last few months and has turned into a total logic shambles. Not a nice place for the market to be in.

That 335 marker I had set was a warning signal. It 'seems' safe to day trade BP when it goes volatile intraday and I'd longed and shorted it with some success in the 337 to 342 range. Of course, the move that caught me was the initial sub 335 twitch when I'd bought at 337.35 Having decided to 'take a loss' when needed, I hesitated and was briefly caught. Got my own back 20 minutes later though. Just got back from rescue boat duties so haven't checked the US close yet but I do think it's broken it's downtrend of the last 5 days at least.

What a day. Managed to trade in BP on four occasions and was only stiffed once. Think I shall leave it alone as I don't think my blood pressure could cope.

The 16 month lower support for LLOY is currently at 55.15 I've decided to take some in the hope of a bounce tomorrow. BUT if that support gets broken, I will re-evaluate my thinking... <grin>

I'm now interested in BP and have gone long. It broke through it's trend line upwards and is now retesting it as support. But I shall bail if it drops below 335

I've got some at a stupid average (0.89) as one of my 'day trade went wrong' portfolio. Just charted it. Two resistance points before salvation. 0.44 then 0.7. It IS actually on an uptrend, just doesn't feel like it. I was going to bin them on Monday and take the loss then realised the resistance and support lines converge in August so a new trend is logically imminent.