Member Info for OsakiSushi

Internal Server 500 error when trying to access blogs. Dunno if anyone else has mentioned it.

I just ran an analysis of retraces across the market, trying to isolate those who've overcooked and are liable to come up fastest. Generally speaking, I see viables as those who've retraced in the 20-30% range from their April highs. In each sector, there are obviously some who substantially exceed that range due to other factors. Does anyone want the list posted? It is sorted by EPIC, FTSE market (100,250,AS,AIM) and %ge retrace figure.

Software points out the low level trend line currently at 18p. Suggestion is that is where it is going before a wee bounce to 24p. There has been a well defined ascending trading channel for over a year, broken by what looks like ramping activity before settling back into the groove.

This wasn't flagged yesterdat as its 8 day MA hasn't moved above its 16 day MA, leaving any potential trend break as a potential 'false'. Go a fright when I looked at the chart that it had been missed.

This is what I am looking for with my trend break signals - where the shorter term MA's and SP all cross each other upward for no apparent reason. It is often one of these signals in the 'how did I miss that' breakouts, where things have sorted themselves into the right order between 21 and 5 days before a proper breakout. I'm doing end of day scans across every single share in the market and picking up on those FEW which show this movement. There were none today with major signals. Big surprise. I bought a couple of stocks today, so now hoping the politicians don't screw up to badly over the weekend. (XTA, TW., RBS) Medium level trend breakers were: CDG.L DOO.L E2V.L ENRT.L GBR.L GLD.L HMB.L KLR.L NBL.L NFC.L NWF.L STL.L

I nearly put a short on it, then that wee RNS update popped up and I though, ah ha. That was an interesting finish to the day. Guess I wasn't the only person who thought "Overcooked" at 4pm and started buying.

That was interesting tonight on the DOW. I suspect it is known that RBS are not as exposed to Greece as Lloyds and Barclays. Friday morning is going to be interesting. I guess if we see a Conservative majority, the market may actually do something positive. However, if anything else happens, has the election result been 'factored in'. Doubt it. Did not bother posting any trend changers tonight. Think we've all read enough about DES and RKH today and yes, to my surprise, they showed a trend break as did a couple of other obsure stocks.

In my opinion, I'd suggest care in the next few days. From glancing at the techs, it is in a potentialally dangerous zone currently (as is virtually everything else...) but I'd be worried about its intraday lows not exceeding the 5 day moving average. That is often an dangerous signal prior to a nasty down spike. Kinda hard to judge given the market anarchy at present.

I suspect this trend break is short lived - probably just Two Jags Prescott eating chocolate while he campaigns. It is the only share in the FTSE All Share which broke trend upward today.

This AIM share interests me insofar as it's the only trend break reported tonight and is rated also in my other algo's. Low level RSI is at 38.

I am concerned ASX has now gone below 200day MA. A new set of rules potentially which means we cannot rely on previous moves.

Against the rest of the market, this showed a low evel trend change toda. Weird as its been flat. maybe worth looking at a chart.only two shares over the ftse today shoig such movement.

Against the rest of the market, this showed a low evel trend change toda. Weird as its been flat.

Not often I comment on my own postings <grin> but I just read what GedW said on Friday below my comment today. There is always the risk that the change was CAUSED by GedW's information update BUT the SP movement moved the MA's through two bands which stood out from the rest of the market. If anyone is trying to backtrack what I'm seeing, my averages and prices are geared to; DayLow+DayHigh+ClosePrice then divided by three. This is an attempt to evade false positives caused by freaky intraday highs or lows.

Its short term RSI is 59 which suggests room for movement and worth checking a chart.

Having said I was only going to pick up on All Share stocks which show a potential trend change occuring, on Friday I just had 5 shares pop up and this was one of them. Its short term RSI is 79 which suggests room for movement and worth checking a chart.

Having said I was only going to pick up on All Share stocks which show a potential trend change occuring, on Friday I just had 5 shares pop up and this was one of them. Its short term RSI is 29.6 which suggests room for movement and worth checking a chart.

Its short term RSI is 65 which suggests room for movement and worth checking a chart.

Having said I was only going to pick up on All Share stocks which show a potential trend change occuring, on Friday I just had 5 shares pop up and this was one of them. Its short term RSI is 78 which suggests room for movement and worth checking a chart.

This may be interesting. The downward trend break which was broken (just) on the 21st April now looks like it is being confirmed with the share on the edge of a strong breakout. Should it close today at current (or above), the future looks really promising.