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Haven't been on since i said that it would bottom 0n 13th of March and it bottomed a bit lower on the 15th and since the s. p. has gone up. I would welcome any explanation as to why prior to the 15th it spiked down at the same time as shorts reducing from 6% to 4%.Surely with shorts reducing the s. p. should have gone up ?. Anybody offer a reason ?.
Good post Ableton. I take your points. This site has too much slanging, so it's hard to sift through the dross .I will keep an eye out for your posts in the future. Do please keep on posting.
I said in my last post that this Tuesday we would see some movement. It's actually circa next Wednesday.
LLDL and Reardon. I see your comments on Valuations. As the truth about anything cannot be polar opposites, at least somewhere in the middle ?, i can't see how Fundamental analysis can result in two posters being at two directly opposing views. If this is the case then Fundamental Analysis must be bunk, such as the way that some posters deride Charts.
So how can people that i assume have a at least reasonable amount of intelligence come to such a diverse opinion ?.
It has been disappointing that the S.P. never got any support at the 35.72 mark. It just means that that the pullback from the top is going to retrace nearly all of it's rise from 27.54.
This is allowable only with the very first up move ( wave). I would suggest we are near the bottom ,though it's not now guaranteed a bounce at circa 33p.PROBABLE, but not guaranteed. I reckon by next Tuesday or thereabouts we could see a bounce at anywhere between 27.74 and 33p. It depends on what MA and others decide to do. They could sell it down ("spike" ?) to below 33p, thus getting weak holders to panic and sell, and then they buy into their weakness. Or they could just make a move to buy at circa 33p.
I see comments about reference to "a fun punt at 41p".Surely the fun punt if you want to call it that was at 33p!!!.Actually it's always been a "serious punt" at 33p. Ask M.A.!!!!!. I find it rediculous that some posters were saying to get on at circa 40p. TOO LATE!!!!!!.
As i have said 33p was a buy, BUT, those on at that price i said had no real reason to, NECCESARILY buy again at circa 40p or slightly less. Those that are very Bullish could consider buying again sub 33p.But much better would be to see if they can get on at 30.He who sits on his hands the longest before buying does well. Psycology plays a part, you only have to watch Roulette players to see how impatient they are to win, and when they do win they virtually put all that they have won all over the table on the next spin. Then invariably it lands on the number they haven't covered.
When making Financial decisions, emotion should be left at the door. Pre-set disciplines are always best, once you have analyzed the risks before you play, roulette or anything else to do with money
Nice posts, better that the slanging matches on here. It's been very disappointing on the charts, the best scenario would be that it starts motoring up from here, so we get out clear of trouble. A close of lower than 35.42 in the future would be bad.
Looks as if it is looking for some news or event to give it direction, so a lot of hesitation is going on.
Those that bought every time it went to the lower 30's, ( 33p etc as i suggested ) are still in the game, it just needs something to latch on to. It does suggest to everyone that when it goes to circa 33p MA seems to appear on the scene. So that is obviously the new benchmark. As with all sideways move, it will break out sharply up or sharply down. Can't see much more to add really. GLA.
See in the first 10 mins of trading this morning that the Bears and the Bulls had a right punch up. The S.P. fluctuated wildly.
I think that some traders are not reading the chart that well.
Some believe that the latest Bull move from it's 34.21 low has finished, and some believe it will go higher. I think it will go higher that the last top at 40.5. It's not enough for a trade though percentage wise. All that is clear is that it has a way to go before it's bull run since 34.21 is finished. A hold position at the moment is what is required. It will possibly get bumpy
along the way, but hold on (tight).
I see where posters get 42p from. They are counting up from 27.74p,which was the last lowest point.
The whole point of charts is that a Bull pattern will not at this point support a return to 33p.If it does the pattern will then turn bearish. Meaning that the whole rise since 3rd of October last year would be negated as regards a Bull pattern,thus leading to further falls.
So the percentage play is that it will break out above here eventually soon.
The trick is to know what is going to happen on a percentage play level. That is where charts can help.
Actually i'm giving my OPINION ,and asking others theirs.
Both!!
Time for loading up was at 33p,which was well touted anyway on here. Bet that MA loaded up at that price!!!.
Seen this before, it shoots up and posters say "get on". Too late!!!!. Better to wait for a pause, or some sideways movement ,as to take some of the heat out of the very sharp move up.
Some will be thinking as to whether to take a bit of profit, and some will wonder whether it's a good idea to go in after such a sharp rise. Therefore a pause sometime ?.
Maybe a pause here at 39.58,but i can't see it doing much damage, because it's going higher sometime anyway.
Those that got on at 33p should think about holding and not taking a profit ?. From here we could see it going into new territory.
It wouldn't look good if we headed back to 33p. Can't see it going on a pullback to less than circa 36.7p.
BFD. It's all about the charts. although the moves have been difficult to read, i can see the pattern forming.
It's still holding and at some point it will have to breakout.
Nice bounce off 34.21,( i posted circa 34.15 ).The Bull market is well under way. I haven't done the latest move calcs and will do them in the morning. I did post that the resumption of the Bull Market will/was happening and was all set fair.
The pull backs will have to be worked out, and most importantly, calcs have to be done as regards to, at what point the chart could turn bearish. Which i don't think will happen. Napoleon used to ask himself the "what if " question all the time, which meant he was always up to speed. Enjoy the run GLA.
On here cannot be serious.
Since the low of 34.21, the up moves have been perfect. A resumption of the Bull trend. It looks set to bounce off circa 35.25,especially if it starts to head down towards it now. I have to go out, so i can't monitor it again and give updates.
Let's see what happens. GLA.
No need, perhaps you should read my last 10 posts, and those before over the months and years on here. You seem as if you are like every other time waster in the world. Go listen to Boris and Trump see if they will help anybody. The fools people follow, unbelievable
Well i guess it certainly looks so. My initial prediction that i posted of a bounce at 34.15 was out by .06 of a penny. I can't understand what happened. I do apologise . I'll leave you all to it, as i know most of you prefer to talk to SCB et al.
Posters on here it has been said, that they get paid 29p a post. Makes me wonder if it's true, as i have no idea why very few posters engage me in dialogue. Do posters on here really have a different agenda, away from the norm ?.
I await with interest.
It's nearing 34.15. it could go as low of 33.83,as i have 33.94 and 34.01 as well, if i do the very small moves just in the last 1/2 hour.
So let's see. I suppose MA will go in again somewhere near here ?.