Member Info for OsakiSushi

Hi Moosh, If the exersize of options with followed by a stunning RNS, they'd be in the merde with the regulators pretty soon thereafter. However, this sort of thing is generally a signal of confidence. (I hope...)

The concensus view seems to be we're heading for a 2nd bottom in the higher 3,000's. But from viewing historicals, it does seem the low volumes cause -ve behaviour during July and +ve behaviour in August - both with pitiful volumes. I've been mapping things in accordance with 1988 and 2003 trends - hence the silly prediction for next week. But if the prediction is correct, I concur we've got interesting times in a few weeks. Looking forward to abandoning power naps during the day and revisiting the 1 o'clock and 2 oclock surges!

Is neck spelt with a K... Oops

I'll stick my kneck out and call that the end of the 2nd bottom today on the FTSE. Will be confirmed if we see the following next week. Monday - Up Tue - unch Wed - Strong Up Thu - weak down Frid - unch to slight up A wee bit chaotic the following week then the start of a two week bull run. Then again....

Given the market volumes, guess that's this done for the day. Nap time as PMK are in the same boat and AV. on the retrace to 264 which will be a nice entry point. Looks like BARC are resisting the temptation to hit 279 though.

Just read my last post. Promise I shall buy batteries for this keyboard as it keeps missing letters!

Thought you must've sold <grinning>

Just took the time to check the historicals for July trends. It seems this usually happens with the indexes during July.

CT7, TIE & co are discussing the possibility of a 2nd bottom in LLOY - principally because it seems many analysists on Bloom seem to think we've one coming. As I mentioned earlier, FTSE 4107 seems to be as bad as it can get on this trading pattern (which ties in with my theory we've been at the 2nd bottom level since May 7th) Now, the however. AVIVA are doing funny things and AV. obviously goes where the FTSE does which is of concern. Any comments please?

Sitting here watching the financials in general. My LGEN's are not having a great day and the mailaise seems to be sector wide. Think it's probably going to be a good evening to watch Bloom and trawl all the forums for a concencus as I'm not happy about the speed of declines. Would be happy to pull from LGEN, LLOY and RBS to enable me to play the game immediately IF there is a further plunge. Did calc taking a loss on 'em to play the current trading range but it may be changing... Nope, i didn't carry a single rock onto that hillside but took a photo! Admin, sorry to go off topic on EME but this malaise will effect it. Honest!

One wee item on concern regarding the current market position is just round the corner from me at Loch Striven. There are ships parked there due to a lack of loads for shipping worldwide. Unlike the situation in the 80's, this time the vessels are still crewed and their engines being run daily whereas last time the loch was full of rusting boats. The types of vessel being stored are both container ships and bulk carriers. So, not good for miners or mfrs but given the vessels are still crewed, the expectation would seem to be this is a short term situation. Sorry about any spellos. I need new batteriies in this sodding keyboard!

I've considerable experience selling and watching the SP go up thereafter, only balanced by my experience of not selling and watching the SP go down. Have decided in future to try selling the initial investment and letting the profit run for those which have proved untrustworthy. I think we both know EME has proved its character conclusively. A sodding rogue...

Takeover at bargain basement price abandoned so let's see where will go.

I'm still not sold on the concept of a market wide double bottom as we're a bit far ahead of the March plummet. My own 'theory' is that the March bottom was the 2nd bottom for the Financials (from Jan19) and what we're living through just now is various other slower moving sectors either still coming down or coming up slowly due to the seasonal lack of market pressures coupled with simple lack of confidence. Basically, visualise a load of balls hitting the ground simulataneously on March 9 and now we're seeing them bouncing at different times. Whilst I'm now loathe to read 2003 as safe, it's been pretty much on the money for 4 months with a few attempts to break trend and I feel (hope) what has happened over the last two days may correct itself. If the FTSE rises sharply in the next couple of days (2% of sharpness) I shall relax. If the FTSE patters about as it is today, I shall relax. And if it drops below 4107, I shall not relax at all. And the other important thing is to consider how correct I've been with EME recently. (grin and hedge safely emplaced)

Was abiout to comment on the trend change but you beat me to it. I surrender...

My comments on the 2003 FTSE are now wrong. The trend changed over the last two days so I'm in uncharted waters!

Thought I was the only one who took 'power naps' during the day. Oddly, the 5 day 60 minute position is only startingto show signs of improvement. It really did try this morning but now looks like it has finally flattened off in the MACd and achieved CCi/MA x-over in 5day 60min mode. Looks healthy for tomorrow. Unlike VIY...

Some uncharacteristic activity in the last 5 minutes of trading here. Looks like something interesting may be on the cards.

It deso like a bohica momen. That's it had an hour to do something.

Thanks for that. A nice simple reference point for decent indicators.