Member Info for OsakiSushi

At the top of my trend break list tonight was XTA, so it'll probably go down tomorrow. Joking aside, I see 980 being tested at some part of the day and a potential intraday high of 1065. Overall, the market trend for the FTSE initially shows as UP which is nice 'cos 56 FTSE 100's are above their short term moving averages. 5257 on the FTSE still remains a worrying number as the two models I've been using each want it tested. The bull model will beat it and then there will be a wee dip for the next couple of days before a pretty reliable upward trend for the rest of the year. 2011 would be dodgy at the start The bear model will get about as close as we got today then dip toward the 5000 on the FTSE and trend up for the rest of the year without much volatility. But 2011 would be great. And COB deserves a mention for some potential movement in the rest of the week.

I finally identified the core problem with charting trends. A share can be in the perfect movement for an upward surge toward 220 but if no-one actually deals in it, nothing happens. I wonder if we'll now see the MM's twitch the price upward to get hold of some shares rather than dropping it to provoke panic sells. Between the comments here and on other boards, I think the 'forum punters' are pretty aware of HRCO's strengths, so price dropping tactics have not worked. Interesting times.

Something interesting happening with this mob. It appears on my trend break list tonight and from glancing at the chart, it's pretty close to another complete breakout point. Firstly, the short term moving averages have sorted themselves out and the share price is above. If the price manages to exceed 252, that's the three month trendline broken. What is more interesting is 260. That's the break for the downtrend which is visible from July 2008. Currently, 46 stocks on the FTSE are above their short term MA's, so it looks like the market is indeed firming up. We've broken the downtrend from the last three months which is a relief. In a moment of utter boredom, I decided to look at the market for the last 10 years in MONTHLY mode. It was a surprise to realise we're actually still in an uptrend despite the trauma of the last months. If the FTSE were to drop below 5000 this month, that uptrend would be broken but mapping the lows from the good old days of March last year paints a nicer picture than the market currently feels. I've used the term 'trading sideways' for ages but the whole blooming market did so today. Took an age to get out of BA. with profit and I think I'll leave that one alone for a while.

That's it ready to move according to the intraday parabolics.

On Monday, I will probably take a position on BA. LGEN, and maybe COB I've never posted my own speculative stock list previously, because my prefered trading style is to "take a wage and get out" rather than hold a position and hope. But I thought I'd make myself look silly, again. Was quite wrong with XTA today which remains a bit of a worry. The mining sector drives the market and it missed target range by 8p or so. Might have been an exchange rate thing or my software could be telling me rubbish... Dunno. Will look for entry after the first 15 minutes of trading and will probably bail within a further 3 hours and that's it. None of the foregoing is intented to be investment stocks, simple a short term punt SHOULD THERE BE SUFFICIENT ACTIVITY within the the few minutes of trade. COB is in my wimp list but as it's a FTSE, will not be ignored. TCG is also being watched but... I hate holidays so I hate travel companies. Except BAY which did well Friday and may bounce Monday should it exceed 201 within the opening 15 minutes. Of course, there's always the risk the sods will open the market UP and steal the potential gains. Ho hum.

Yes, bought in. It has been really interesting picking the viable entry point. Now (hopefully) for the hard bit. I've a dreadful track record picking exits though played CW, YELL. and BAY to utter perfection today for some reason. LLOY was another story!

Breakout line is currently 136. Just hope this sticks to the end of day. If so, next week may be quite interesting in an up sorta way!

This is the first time one of 'my' shares has featured in my data run so for a change I've done a pretty full analysis of what I hope for on Friday. If the MM's open XTA at around 1020 there will be an intraday retrace down to around 990 before bouncing to around 1039. Short term RSI is at 38 which is nice. If they open it at around 990, it will simply spend the day gently trending up. On the FTSE in general, that was weird today with the FTSE trading between 1.4% and 1% from the DOW. Usually, I notice the relationship establishes between 2:30 and 3pm and they remain locked at the hip until close. Surely it couldn't be ALL BP to blame. Another 8 FTSE stocks moved into safe trendbreak territory. Stocks given with a 'check chart' message for tomorrow open were; CNA SMDR CLE ISH and CMS As usual, this signal is given when a potential breakout will occur within the next few days. Unusually, there was no suggested trend for the open. I've no idea either though at time of writing, the state of the DOW suggests the FTSE may open around 1.3% UP. Which will bode well for the rest of the market. But tomorrow is Friday. Which is like a Monday. Logic rarely rules.

Thanks for asking a question in Premium! Riddler and I mostly talk to ourselves. <grin> My own take on BP comes about from two mistakes I made yesterday, attempting to call bottom. The stochastics have turned this morning and are trending up in intraday mode below 60 minutes. (I use timings of 333,33,3) Again, intraday, the True Strength is on the verge of crossing which is pretty reliable. My own suspicion is that we 'may' have seen bottom today but when I look at it on daily mode, there is still no abiding confirmation. One thing for sure is that all the Americans who opened short positions last night are going to be screaming foul when the US opens, giving them another reason to dislike BP. I was glued to the DOW and BP charts last night, so apparently missed something called Coronation Street. Real world drama was much more fun. If it closes today above 371 (downward trend resistance by the close today), I think I will regard it as bottomed as long as Obama doesn't make another stupid comment.

I was going to ignore this breakout until I looked at the chart for RR and appreciated it is not slavishly following the FTSE. Funny how I (we) tend to ignore some stocks as too expensive or whatever. RR has been quietly doing its own thing. Other breakouts mentioned today included IDS EROS AFS and TBK. I've not looked at their charts. Something is bothering me about overall market movements. Specifically, the FTSE, the strength of which affects all other stocks. Between yesterday and today, I saw another 9 stocks of the FTSE move above their 24 day moving average and all the other averages below move into the right order. Currently, 16 stocks in the top 102 companies are in the safe zone as opposed to 7 on Tuesday. The however is that the companies in the most dire zone actually increased by 3.. My software says Flat to Low down on Thursday. I think it may be horribly wrong as the movements in the USA which started with BP brought everything down by the close. But what is really bothering me is "The July Dip" Using normal charting rules, a share will break its downward trend, move up, then dip down toward the trend line to test the support before bouncing. If we apply these rules to the FTSE, we can see the downward trend has been broken and we're currently in an uptrend giving the potential for a dip in July at the start of the month. That dip may be pretty scary. Like all rules, it's made to be broken (as the sodding DOW did this evening on three occasions and as did BP continuously today.) But there's something different about the market as present and I'm having trouble figuring it out.

Following the downward trend break on May 16th, HRCO has tested the support line on May 27th and is now testing trendbreak support. Currently, upper resistance is at 140.7 which (when exceeded) suggests we're very close to wakeup.

Following the downward trend break on May 16th, HRCO has tested the support line on May 27th and is now testing trendbreak support. Currently, upper resistance is at 140.7 which (when exceeded) suggests we're very close to wakeup.

No one actually traded at 146 but whatever MM is present on plus, they moved the ASK to 146. Gave me hope.

Re; your comment on HRCO and also, this one. And CHAR. All three of them have performed almost to the decimal in accordance with chart rules. I notice the FTSE 'should' be having an up day tomorrow if it's going to conform with the rules as it broke the longer trend during today, tested the support, and finally moved slightly up.

There's something happening. The spread has closed up AND the ASK has gone up to 146 on the plus markets. Wonder if we're about to see a wake up.

Dunno if anyone saw the lines I drew on charts with suggested trends for 2010. We're getting a touch close to a decision currently and I'm sure I'm not the only person watching today with clenched buttocks. <grin> The numbers below are correct for today only. If the FTSE remains above 4946, we remain in the potential bullish trend. If the FTSE drops through that number, we enter a confirmed bearish trend. And if it breaks 4864, we are in uncharted territory which is not good.

The downward trend established from May 28th was broken a few minutes ago on Chariot. To my eye, it's now in viable territory. If it's going to do anything interesting over the next couple of days, it will probably test the short term support line currently at 105.5 and trending up to 108.

It actually looks like ABH has a bit more movement to come in the next few days. No targets but if the spread manages to remain sane, I see a decent day trade potential. A buy in the .21 range would probably prove viable on Monday.

It broke through, so I'm no longer paying attention. Anyone else, please feel free to comment in Premium. Please...

I just re-read that last note I posted and got bored before the end... <grin>